Extension > Agriculture > Dairy Extension > Marketing
Marketing
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Managing risk in today's dairy markets
Effectively managing both income and expenses is essential in today's dairy economy.
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Dairy Margin Protection Program: What is the best option for me?
There are two government dairy programs that producers can currently use, livestock gross margin insurance and the new margin protection program. This article will help you decide whether to sign up or not, and which one to choose.
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By the numbers... Dairy's economic impact
Have you ever wondered as dairy farmers if your job has any impact on others? This article utilizes USDA NASS- 2012 Census of Agriculture to give a better understanding of the importance of dairy to each state and the U.S. economy.
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Know your margin: Milk price per cwt minus feed cost per cwt of milk produced
Knowing your margin of income over feed cost is a major component to the dairy provision in the new farm bill.
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Introducing Minnesota in Numbers
Introducing a new Dairy Star column, Minnesota in Numbers, created with support from the Minnesota Milk Producers Association.
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What do dairy exports mean for Minnesota?
Is Minnesota preparing for the brave new world where U.S. dairy sector may become a major global dairy player?
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Minnesota dairy operators utilizing Livestock Gross Margin as a risk management tool
Livestock Gross Margin-Dairy (LGM-Dairy) is an insurance policy; watching the margin rather than the milk price, look at predicted margins between the anticipated value of milk producers and the feed costs to produce that milk.
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It's the margin!
Producers need to think gross margin rather than milk price.
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Milk marketing: Things to think about, Part I
What do I need for a milk price?
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Milk marketing: Things to think about, Part II
What is a good price for the market?
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Milk marketing: Things to think about, Part III
How do I implement my marketing plan?
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Overprotecting price with put options
Used to set a minimum price for Class III milk.
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A primer on put options
One put option represents 200,000 pounds of Class III milk.
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$16.13 milk in September: How could that be?
Develop a plan for protecting your milk price.
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For hedging, having the milk production to back up the contract is important
Understand the financial implications of being over-protected when hedging.
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A positive outlook for marketing the dairy industry in the 21st century
Areas of focus will include environmental pressures, technological challenges, innovation and world markets.
Other marketing resources we recommend
- Dairy market news portal – United States Department of Agriculture
- Daily Dairy Report – Chicago Mercantile Exchange
- Dairy Outlook – Pennsylvania State University
- Understanding dairy markets – University of Wisconsin
- Milk Income Loss Contract program – United States Department of Agriculture
- Federal milk marketing orders – United States Department of Agriculture
- Dairy briefing room – United States Department of Agriculture
