Risk Management
It’s the end of the month, with lots of numbers to digest and even more to come. Here’s an update of those impacting your dairy income as March comes to a close.
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Dairy risk management calendar: April 2023
Progressive Dairy provides monthly online updates of important dates, reports and advice affecting risk management decisions.
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Key elements for strong risk management
Financial reports, milk check, risk assessment, basis and milk flows are key elements when developing a successful risk management strategy.
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Dairy risk management calendar: March 2023
Progressive Dairy provides monthly online updates of important dates, reports and advice affecting risk management decisions.
What is 'risk' management?
Whether strategic, operational, regulatory or financial, take steps to mitigate risks to your dairy operation.
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What happened to your breakeven?
Rising interest rates will have an impact on cost of production and breakeven and may require additional communication with lenders, advisers and vendors, as well as right-sizing risk management tools and operations.
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2023 DMC enrollment deadline extended until Jan. 31
Enrollment deadline was scheduled to close on Dec. 9, 2022.
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Assurance Watch: FARM Biosecurity Program helps safeguard your herd and employee health
The National Dairy Farmers Assuring Responsible Management (FARM) Program was created by the National Milk Producers Federation in partnership with Dairy Management Inc. The FARM Program works with dairy producers, cooperatives, processors and industry partners through five program areas – animal care, antibiotic stewardship, biosecurity, environmental stewardship and workforce development – to show customers and consumers that the dairy industry holds itself to the highest standards and best management practices. Visit nationaldairyfarm.com to learn more.
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DMC margin continued to shrink in July
The July DMC margin is $9.92 per cwt, down $2 from June but still above the indemnity payment trigger.
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