Missouri Dairy Business Update
Learning to Insure Your Dairy Margins
- December 2-6, 2013
Five free regional workshops are planned the first week of December to help Missouri dairy producers understand and learn to use the tools that are available to insure your dairy margins. The workshops will cover:
- Mechanics of using proposed new farm bill margin insurance program
- Livestock Gross Margin (LGM-Dairy) insurance
- Hedging using futures and options through brokers
- Risk management tools now available through DFA Risk Management
The five planned workshops will be held between 9:30 and 3:30 p.m. to accommodate producers who have to milk and then travel an hour to the workshop.
Locations for the workshops will be announced in September.
In the event no farm bill is agreed upon again this year, the workshops will still be held, but focus on tools available to control margin risk in the continuing absence of a new farm bill.
Teaching the workshops will be Joe Horner and Scott Brown from the University of Missouri, Earl Biggers from DFA Risk Management, and collaborating dairy producers experienced in using price and margin insurance tools.
This material is based upon work supported by the USDA/NIFA under Award Number 2012-49200-20032.