“Dairy Risk Management Strategies” a short workshop comparing the new Farm Bill’s Dairy Margin Coverage (DMC) and Dairy Revenue Protection (DRP).
This two-hour workshop will use spreadsheets and other tools to analyze how the new Dairy Margin Coverage compares with the old Margin Protection Program. Prices for the different coverage levels and the pounds of coverage will be examined. In addition, information on Compeer’s, Dairy Revenue Protection program will be presented, which works similar to a crop insurance product that provided quarterly coverage. We will help determine which dairy programs are best for your dairy. Pros and cons of each program will be highlighted. Knowing your cost of production is important; tools to help calculate your cost of production will be shown. Nathan Hulinsky, Extension Educator explains, “With the current state of milk prices and the farm economy, maintaining profits is tricky. There are tools out there to help dairy farmers set a floor for their milk price, we want to highlight them.”
Guest speakers: Nathan Hulinsky Extension Educator, Ag Business Management, U of M Extension.
Jared Franke, Insurance officer, Compeer, Northfield, MN Wednesday, April 10, 2019 9:30 a.m. to 11:30 a.m.
Ag Partners Regional Office 901 N 4th Street, Le Sueur, MN 56058
Wednesday, April 10, 2019
2:00 p.m. to 4:00 p.m.
Rice County 4-H Building
1900 Fairgrounds Drive #17
Faribault, MN 55021