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American Farm Bureau Federation President Bob Stallman has announced the appointment of a six-member 2006 Input Cost Review panel. OFBF President Bob Peterson, a Fayette County grain and livestock producer, will serve on the panel.

To help producers manage production costs, the panel will identify available resources for reducing costs, survey the regulatory environment to pinpoint any opportunities for relief and identify financial planning and risk management tools to enable producers to maximize their returns.

Along with Peterson, other state Farm Bureau presidents named to the new panel are Stanley Reed, Arkansas, chairman; Lacy Upchurch, Tennessee; Scot VanderWal, South Dakota; Alex Dowse, Massachusetts, and Alan Foutz, Colorado.

The panel will launch its review in February and hold follow-up meetings at the discretion of the chairman. The group is scheduled to present its report at the AFBF board of directors meeting in March.