Source: Agrihedger news release

Extreme market volatility increases the importance of risk management for everyone in agriculture including farmers, ranchers and the professionals who serve them. In response to unprecedented market volatility and price risk, Allen Dever is launching Agrihedger to offer professionally managed futures accounts for agricultural producers and ag professionals.

Dever was previously a vice president of Doane Agricultural Services and is a registered Commodity Trading Advisor with 35 years of experience as a professional market analyst and futures trader.

Most agricultural producers and ag professionals don't have the time or expertise to effectively use futures markets to manage volatility and the accompanying income and price risk, according to Dever.

Dever said a professionally managed futures account provides a superior alternative to self-directed futures trading.

The collapsing stock market and steep decline in commodity prices since last summer reinforce the need for better risk management, he said.

Futures markets provide profit opportunities even when markets are declining. Agrihedger strategies are designed to most effectively meet the risk management objectives of each client.

Dever served as Doane's chief economist, editor and publisher of Doane's Agricultural Report, and vice president of agricultural services. Dever resigned from Doane in July 2007 to pursue self-employment opportunities, providing the springboard for the launch of Agrihedger.