Here’s an update on risk management tools available through the USDA and/or USDA’s Risk Management Agency (RMA), as well as other information impacting your milk check.

January 2023 average “mailbox” prices averaged about 82 cents per hundredweight (cwt) less than announced average “all-milk” prices for the same month.

Here’s an update on risk management tools available through the USDA and/or USDA’s Risk Management Agency (RMA), as well as other information impacting your milk check.

Fluid milk sales started the new year as they ended the last one, trending lower.

Here’s an update on risk management tools available through the USDA and/or USDA’s Risk Management Agency (RMA), as well as information impacting your milk check.

From a lender’s perspective, risk management is a proven practice that will provide a pathway to profitability. When it comes to developing your strategy for a successful risk management plan, there are key elements that need to be taken into consideration. 

Dairy farmers are exposed to many forms of risk, from falling milk prices and rising feed prices to personal injury or the breakdown of a piece of farm equipment. Fortunately, there are many ways to mitigate these risks if managed properly.

With recent forecasts predicting lower milk prices and tighter dairy income margins ahead, is 2023 the year you explore dairy risk management options?