185 Franklin Farm Lane
Chambersburg, PA 17202
Center for Dairy Excellence and Penn State Extension
Dairy producers, are you looking for a solution to make managing your farm’s financials less overwhelming? This fall, let’s take some of the stress out of managing risk and finances on your dairy farm. During these free Risk Management and Financial Literacy Workshops, we’ll take complex financials and ever-changing dairy markets and break it all down to the fundamentals. We’ll decode milk price and market uncertainties, outline core financial metrics, and help you walk away with practical skills to make confident financial decisions for your farm.
Hosted by Penn State Extension and the Center for Dairy Excellence, you’ll also have the option to work one-on-one over lunch with an industry expert if you’d like. The free events will include lunch and three sessions. Learn more about the sessions, and click here to sign up today!
Dates and Locations:
- October 8 – Lancaster Farm and Home Center (1383 Arcadia Rd, Lancaster, PA 17601)
- October 15 – Franklin County Extension Office (185 Franklin Farm Ln, Chambersburg, PA 17202)
Sessions and Agenda:
9:30 – 10 a.m. – Registration
10 – 11 a.m. – Decoding Dairy Markets
Jayne Sebright and Valerie Mason-Faith will explore key factors that are currently influencing milk prices, including dairy market economics, domestic and global supply and demand, and other market highlights. They will also discuss today’s market uncertainties and emerging trends, so you can make better sense of market signals and prepare for the opportunities and challenges ahead.
11 a.m. – 12 p.m. – Protecting Your Dairy’s Margins
Dr. Rebecca Weir will cover the key federal dairy price risk management programs, including Dairy Margin Coverage (DMC), Dairy Revenue Protection (DRP), and Livestock Gross Margin for Dairy (LGM-Dairy). Dr. Weir will break down how each program functions, share recent policy and program updates, and offer enrollment considerations to develop a risk management strategy tailored to your dairy’s needs.
12 – 1 p.m. – Lunch
You’ll have the option to ask follow-up questions and work one-on-one over lunch with an industry expert if you’d like. Optional.
1 – 2:30 p.m. – Farm Financial Fundamentals
Dr. Brian Reed will dive into the key financial statements every dairy farm should know as well as calculating and interpreting core financial metrics. He will demonstrate how you can use these numbers to calculate your farm’s cost of production and evaluate your financial health to make confident, informed management decisions.
Register Today:
Risk Management and Financial Literacy Workshop Registration
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