Evaluating a Farmer’s Risk Tolerance
Understanding how a farmer’s own risk preferences and that of others affect the risk management decisions made for the farm business is important.
Policy, Marketing and Markets
News Updates
Articles
Measuring Price Risk for Your Farm Business
Let’s look at the concept of price risk with an example of the average monthly corn prices in the United States.
Identifying the components and sources of risk on the farm
The greater the uncertainty, the greater the risk.
The more likely a negative factor will occur, the greater the risk potential.
A Brief History of Crop Insurance
The Federal Crop Insurance Program (FCIP) provides insurance coverage for the production of most U.S. agricultural commodities against financial losses caused by adverse growing and market conditions.
A Brief History of Grain Markets
Grain markets have been noted in history as early as during the Roman Empire.
2024 Dairy Margin Coverage: Enrollment and Policy Updates
Dairy producers need to stay informed about the latest developments of the Dairy Margin Coverage (DMC) program so that they can make timely and informed decisions for their operations.
The Dairy Situation and Outlook for 2024
This presentation given for Hoard’s Dairyman provides an overview of dairy markets, examining recent trends and future directions dairy demand and pricing could go.
House Passes Whole Milk for Healthy Kids Act
The House of Representatives cast votes on the Whole Milk for Healthy Kids Act (House Resolution 1147) . Whereas, the bill revised requirements for milk distribution under the National School Lunch Program, managed by the Department of Agriculture (USDA).
Seasonal Spending and Its Impact on the U.S. Dairy Sector 2023 Outlook
There is typically a 3-5% increase in milk and butter sales in the United States during the fall months, compared to the summer period. This rise is largely attributed to the holiday season, with November and December witnessing a significant surge in dairy product purchases.
Summary of Proposals in Federal Milk Marketing Order (FMMO) Hearings
Understanding the proposals is critical for informed participation in the hearing process, effective advocacy, and the strategic planning of various stakeholders in the U.S. dairy industry. Testimony is in progress by subject area, in the following order proposal wise classified on the basis of
A History of Dairy in the Farm Bill and What it Means for the Current Legislation
The farm bill is an omnibus, multiyear law that governs an array of agricultural and food programs. It provides an opportunity for policymakers to comprehensively and periodically address agricultural and food issues. In addition to developing and enacting farm legislation, Congress is involved in overseeing its implementation.
The US Dairy Industry Market Update from September
Dairy markets are facing downward price pressures from increased milk production, slower demand, and competition in export markets.
Navigating Federal Milk Marketing Orders: Administrative Actions, U.S. Code, and Ex Parte Communication
Federal Milk Marketing Orders play a vital role in shaping the dairy industry, and the mechanisms through which these orders are amended and refined are governed by a complex framework of administrative actions. This article delves into the intricacies of Administrative Action Governing Federal Order Hearings, a process rooted in 5 U.S.C. 556 and 5 U.S.C. 557, and Ex Parte Communication.
Funding renewable energy and energy efficiency on your farm
Improving energy efficiency and generating renewable energy on the farm can significantly reduce energy expenses over the long term. Thanks to new and expanded funding, agricultural producers can now significantly reduce the upfront cost for clean energy projects on their farms.
Federal Milk Marketing Order Hearing: Briefing and proposed reforms
The Federal Milk Marketing Order (FMMO) is a program overseen by the United States Department of Agriculture (USDA) that regulates the dairy industry. It includes 11 milk marketing orders and applies to about 75% of total US milk production. Federal Milk Marketing Orders (FMMOs) are a regulatory framework established by the Agricultural Marketing Agreement Act of 1937 to stabilize milk prices and ensure a steady supply of milk to consumers.
How do you manage and utilize information shared in an agricultural market outlook?
Join Leonard Polzin, Dairy Markets and Policy Outreach Specialist, and Brenda Boetel, Extension Agricultural Marketing Specialist, as they discuss how to effectively glean and utilize information provided in market outlooks. The Extension Specialists will share how to recognize the facts that are the most influential to your farm’s bottom line and how to use those […]
Manage and utilize information shared in an agricultural market outlook
Throughout the year, farmers have opportunities to listen to agricultural market outlooks. However, utilizing the information from an outlook, such as a historical perspective on production and yield, current marketing trends, and future weather patterns, may be challenging for a farmer to adopt for their farm business.
Seasonal Grain Price Patterns
A grain marketing plan works with a farm’s production plan to identify a farmer’s specific price objectives as the production and/or storage season progresses. The marketing plan also identifies strategies available to achieve these specific price objectives.
