Division of Extension
Wisconsin dairy producers have access to several price risk management tools, which fall into two broad categories: federally subsidized insurance programs and market-based tools.
This article describes how LGM-Dairy works, what it covers, how the premium and subsidy are structured, and the key rule changes that take effect for the 2026 and succeeding crop years.
Producers are examining price ratios to determine relative profitability and observe early warning signs between alternatives as they finalize planting intentions. One of the price ratios that generates much attention is the soybean-corn price. If the ratio is greater than 2.5, it is more profitable to produce soybeans. This article examines the national and Wisconsin soybean-corn […]
This article provides an overview of the Dairy Margin Coverage program for the 2026 coverage year, with emphasis on program changes implemented for this year and what past margin history implies for risk management decisions.
MCO offers protection against unexpected drops in operating margins — the difference between revenue and input cost. Interested producers should contact their crop insurance agent to learn more about how MCO could work for their operation.
Supplemental Coverage Option (SCO) is a crop insurance product that provides additional coverage for an underlying crop insurance policy. This article provides a brief overview of Wisconsin SCO and discusses its performance from 2015 to 2023.
To help producers manage the risks associated with forage production, several insurance and support programs are available to Wisconsin producers. This article provides a historical examination of forage risk management programs available in Wisconsin from 2015 to 2024.
Producers can use Whole Farm Revenue Protection to mitigate the risks associated with forage production, offering revenue protection for an entire farm operation rather than individual crops or livestock.
Variability in crop markets can make it challenging for farmers to choose the right ARC/PLC program for their specific area and crop. This ‘What-If’ Tool helps Wisconsin producers analyze potential payments at various price levels and county yields.
The Extension Farm Management Program has developed interactive tools to assist Wisconsin producers in comparing ARC-County (ARC-CO) and PLC payments by county, commodity, and irrigation type.
In this presentation, Sylvanus Gaku, Extension Farm Financial Management Outreach Specialist, covers what producers need to know for the 2025 ARC/PLC sign-up.
This article provides estimates of economic assistance for Wisconsin producers following the passage of the American Relief Act, 2025, on December 20, 2024.
There are four strategies that can be pursued to help manage farm business risks.
Understanding how a farmer’s own risk preferences and that of others affect the risk management decisions made for the farm business is important.
Let’s look at the concept of price risk with an example of the average monthly corn prices in the United States.
The greater the uncertainty, the greater the risk.
The more likely a negative factor will occur, the greater the risk potential.
The new year often brings thoughts of income taxes and tax preparation. Some farmers might have received a loan servicing assistance payment if they were experiencing certain types of financial distress.
Pick up any farm magazine or listen to any farm podcast and it won’t be long before the phrase “Costs of Production” comes up. Knowing costs of production is an important piece of management information and vital in many farm management decisions. Yet, as obvious as it sounds, pop open the hood and the messiness is revealed.
