Markets & Management

As dairy markets continue to become more volatile and unpredictable, risk management will also become more crucial to managing through milk price downturns. As a teenager, I was old enough  to start learning about dairy markets and the dairy economy as I was working alongside my father. Leading up to and through the 1990s, it seemed like there was a four to five-year milk price  cycle. During that cycle, there was maybe one good milk price year followed by a breakeven year to year and a half, then a negative margin year before getting back to breakeven. Read More