Farm Policy and Risk Management Series - Dairy Session
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EmailDecember 20, 2023
Post-Session Evaluation & Survey
The Dairy session explores insurance and risk management programs designed specifically for dairy farms. Two distinct programs are discussed: Dairy Revenue Protection and Dairy Margin Coverage.
Participants reviewed price risk as it relates to milk prices and their connection to futures markets. Most importantly, how adverse changes in prices for milk and dairy commodities can impact prices received. The session also focused on how programs can aid small and large dairy farmers in managing these adverse impacts. As well as how important it is to work with a knowledgeable insurance agent when deciding which program works best for your farm.
The session features J. Craig Williams from Penn State University Extension as a guest speaker. As an educator for 33 years, Craig has taught youth and adult programs on Agriculture and livestock education. He conducts on-farm research and demonstration programs, including corn and soybean variety trials, calf growth programs and dairy barn ventilation programs. He has led the dairy risk management and farm bill education programs for the Penn State University Dairy Team. Craig also leads and serves as a mortality composting educator securing USDA -APHIS grants for training. He has served eight years on the committee for the International Symposium on Animal Mortality Management.
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