Protecting Your Profits
Managing risk and protecting your profits on a dairy farm isn’t always easy, but it’s a necessary part of running your business. Welcome to the “Protecting Your Profits” podcast – a brief monthly update designed to give you the data, production trends, and national and statewide updates you need to manage your dairy’s risk management strategy.
Protecting Your Profits
November 2024: New year, new strategy - capturing opportunity and managing dairy market volatility with Jacob Thompson and Andy McCarty
Markets change and they don’t care about what you think they should look like – or what you might need for your cost of production. Are you setting yourself up for long-term success by capturing opportunities before they’re too late? Are you adapting to changing feed and dairy markets to guide your approach to risk management on your dairy farm?
In this month’s free “Protecting Your Profits” webinar, hear from Jacob Thompson and Andy McCarty, two experienced dairy business advisors. They will share how to control what you can through a solid risk management plan, no matter the level of volatility or uncertainty in the markets. As we approach the end of the calendar year, they will dive into the four main risk management products available to dairy producers who want to protect their revenue stream: Forward Contracting, Livestock Gross Margin, Dairy Margin Coverage, and Dairy Revenue Protection. Each program has different tiers, levels, and decisions that make it possible to tailor a plan that’s unique to your dairy operation.
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