[WATCH]: NCBA 2011 Larry Hicks on using options to hedge.
Risk provides the basis for opportunity.The terms risk and exposure have subtle differences in their meaning. Risk refers to the probability of loss, while exposure is the possibility of loss, although they are often used interchangeably. Risk arises as a result of exposure.
RealAgriculture.com talks to Larry Hicks of CattleHedging.com about risk management strategies in the current market.