Center for Dairy Excellence
Want to receive a simple reminder the morning of the webinar? Consider signing up for text alerts. We’ll text you a reminder the morning of the event and include the webinar link and dial-in details. Text “Sign up” to 717-585-0766.
Markets change and they don’t care about what you think they should look like – or what you might need for your cost of production. Are you setting yourself up for long-term success by capturing opportunities before they’re too late? Are you adapting to changing feed and dairy markets to guide your approach to risk management on your dairy farm? Our global economy has created tremendous opportunities to experience higher dairy farm gate prices, but we need to be proactive and strategic to navigate the volatility that comes along with dairy markets as well.
In this month’s “Protecting Your Profits” webinar, hear from two experienced dairy business advisors who will share how to control what you can through a solid risk management plan, no matter the level of volatility or uncertainty in the markets. As we approach the end of the calendar year, they will dive into the four main risk management products available to dairy producers who want to protect their revenue stream: Forward Contracting, Livestock Gross Margin, Dairy Margin Coverage, and Dairy Revenue Protection. Each program has different tiers, levels, and decisions that make it possible to tailor a plan that’s unique to your dairy operation.
Just like preventative maintenance on your equipment is crucial for long-term viability, it’s equally important to understand how to protect your milk price volatility. Join us on November 8 and learn how to position your dairy for future success, build a strong financial foundation, and prevent missed opportunities.
You can join via conference call, webinar, or podcast format. A recording will be shared after the event.
How to Join:
Webinar Format
Visit www.centerfordairyexcellence.org/NovemberPYP on Friday, November 8 at 12 p.m. to launch the webinar and watch live.
Conference Call Format
Individuals who would prefer to connect via conference call can dial the following number on Friday, November 8 at 12 p.m.:
Dial: 1-301-715-8592
Meeting ID: 892 0973 5392
Passcode: 340600
Podcast Format
Visit www.centerfordairyexcellence.org/pyp to listen to a recording of the “Protecting Your Profits” discussion in podcast format and subscribe to get notified when new episodes are released. The episode is expected to be published after the live webinar and conference call are concluded.
About the Guest Speakers:
Jacob Thompson is a Senior Dairy Business Advisor and serves Land O’Lakes, Inc. member-owners in the Mid-Atlantic region and in CA, providing a full suite of risk management services for their operations. Jacob is an expert in cost of production analysis, milk production and expense budget development, milk marketing plan development and market updates. In addition, he is a licensed Dairy Revenue Protection Insurance Agent. By providing dairy operations with tools, resources and insights in executing sound risk management strategies, Jacob is a source of trust to members in planning for agility during market volatility and long-term business success. With over 18 years of experience with Land O’Lakes, Jacob has become a sought-after risk management thought leader with a strong passion for the dairy industry and tools that benefit producers. Jacob was raised on a dairy farm in northwest Wisconsin and graduated from University of Wisconsin-Madison with a degree in Agricultural Economics & Business
Andy McCarty serves as a Dairy Business Advisor for Land O’Lakes, Inc. for member-owners in the Mid-Atlantic region, providing a full suite of risk management services for their operations. Andy is a licensed Dairy Revenue Protection Insurance Agent and provides cost of production analysis, milk production and expense budget development, milk marketing plan development, and provides timely market updates. With over 18 years in the agriculture industry, Andy has a wide range of expertise in risk management. He is not afraid to roll up his sleeves and help any producer find common-sense solutions through different tools available that can have lasting impacts and benefits. Andy has developed a strong passion for the dairy industry at a young age being raised on a dairy farm in Northeastern Pennsylvania and graduated from Delaware Valley University with a degree in Dairy Business.