Originally published in Hoard's Dairyman, this article by Roger Murray, Farm Credit East Chief Marketplace Officer, touches on marketing risk and the security of your milk market. Whether you sell direct-to-consumer or to a processor or cooperative, marketing risk is always a factor to consider.
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.
Those of us in the U.S. are often unaware of just how much the American dairy industry varies from much of the rest of the world. This is one of the reasons Farm Credit East has been a part of the International Farm Comparison Network for the past 10 years; to support their mission to better understand and forecast the dairy economy.