Cambodian, Ghanaian Feed Millers Learn Risk Management as U.S. Soy Purchases Increase

Aug 29, 2019

Trade team members meet with NCI Program Manager Jena Bjertness. Photo credit: NCI

Cambodian and Ghanaian feed millers spent two days at the Northern Crops Institute (NCI) in Fargo, North Dakota last week learning how they can use risk management tools to help with their purchasing decisions. As companies increase their purchases of U.S. soy, they need to use risk management tools instead of buying on the spot market.

Dr. Frayne Olson, a crop economist/marketing specialist with the North Dakota State University Extension Services, spent a day teaching the course.

After visiting NCI, the team traveled to Chicago to attend the Global Trade Exchange, where they were escorted by WISHH Asia Division Director Alan F. Poock and WISHH Program Manager-Africa Chris Slemp.

Funding for this team was provided by the Minnesota Soybean and Research Promotion Council and the USDA’s Foreign Market Development program. Follow-up activities with the Ghanaians will be funded with the Agricultural Trade Promotion (ATP).