An effective risk management adviser should be able to provide you with advice on local feed contracts as well as strategy on managing longer-term price risk using futures and options. With this team, you can take control of your financial future and achieve your long-term goals.

As a risk management tool, Dairy Revenue Protection (Dairy-RP) provides protection against a decline in revenue (yield and/or price). With premiums subsidized by the USDA’s Risk Management Agency (RMA), dairy producers can protect quarterly milk revenue for up to five quarters into the future.

The European Union first introduced milk production quotas in 1984. At the time, the EU was dealing with a major surplus of milk, and production quotas were just one of the tools utilized to rebalance the market.

The hurdle of hedging Growing up on dairy farms in both California and Illinois, I saw firsthand the many decisions dairy producers make at every level of their operation to gain strategic advantages.

Hitting a hole-in-one Locking in your milk price at the highs before a large decline in the market is a lot like hitting a hole-in-one in golf. Chances are, you have never done it, and your friend that has tells the story about it all the time.

Never in my wildest dreams did I picture myself living and working in Chicago as a licensed commodity futures and options broker. The son of a third-generation dairy farmer, I grew up on a farm in Tulare County, California. My background on the farm gives me a very unique perspective on the work I do now. I have seen first-hand the challenges and frustrations producers have when the markets do not move in their favor.