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Workshops for Farm Businesses to be Held Across the State in June

Posted: May 3, 2017

Farm royalty owners face many legal and financial risks associated with oil and natural gas leasing. Many farmers have used royalty income streams to supplement farm income and to make important capital investments.
Image:  C. Williams, Penn State

Image: C. Williams, Penn State

However, shale well production declines and price volatility introduce significant levels of risk to the royalty income stream and ultimately to the farm business.

Penn State Extension is hosting a series of workshops specifically for farm royalty owners to help them understand royalty income volatility and more effectively manage the associated risks. “Shale Royalties and Your Farm Business: Managing the Risk Associated with Royalty Income Streams” will be held at seven locations in Pennsylvania from 10 AM to 3 PM:

  • June 6
    Mercer County Extension Office, 463 Perry Hwy., Mercer PA  16137
  • June 8
    Timeless Destination, 77 Main St., Wellsboro, PA 16901
  • June 14
    Washington County Fairgrounds, 2151 North Main St., Washington PA 15301

Are you as a farm owner receiving natural gas royalty checks and not fully understanding how the current trends and production figures mesh with your royalty payments? Would you like to make better farm decisions based on decline curve modeling and future royalty streams? Penn State Extension Shale Education Team Educators and local Program Sponsors will provide a comprehensive workshop to help farm royalty owners understand how current natural gas production and utilization trends can affect their royalties, important records to maintain, and decision making strategies for how to limit farm business exposure to risk.

This workshop is a must for farm business owners who are receiving, or expect to receive, royalty payments and seek a better understanding of how to make best decisions regarding the farm business.

The program is free of cost due to a grant from the Northeast Extension Risk Management Education Center. The program material is based upon work supported by USDA/NIFA under Award Number 2015-49200-24225. Refreshments and lunch are generously provided by our sponsors. Seating is limited and pre-registration is required online or by calling 570-320-4429. Questions regarding the content of the program may be addressed to Dave Messersmith at dtm101@psu.edu or to Carol Loveland at cal24@psu.edu or at 570-320-4429.

 

Penn State encourages persons with disabilities to participate in its programs and activities. If you anticipate need for any type of special accommodation or have questions about the physical access provided, please contact Carol Loveland at 570-320-4429 in advance.