2020 was a tough year for many agricultural sectors, with dairy being one of the most affected. 2021 seems to offer little improvement, however there are always many factors to consider.
Originally published in Hoard's Dairyman, this article by Roger Murray, Farm Credit East Chief Marketplace Officer, touches on the importance of maintaining adequate financial liquidity in your dairy operation.
Dr. Marin Bozic of the University of Minnesota recently presented a webinar that analyzed 2020's impact on dairy markets, looked at current and future dairy markets and discussed risk management strategies for the coming year.
The dairy industry has been impacted by many factors during COVID-19, but perhaps the largest is the uncertainty in milk price. Gregg McConnell explains some basics about milk price, Producer Price Differential and producer premiums.
