Zepp provides overview of current market trends and farm bill margin program
Due to a schedule conflict, we will record this month's "Protecting Your Profits" conference call in webinar format and post it to our website for Wednesday, July 23.You can access this brief monthly market commentary, Margin Protection Program explanation, and marketing plan discussion anytime at www.centerfordairyexcellence.org. Click on the "Dairy Information" tab at the top, then the "Protecting Your Profits" tab at the left. Hit "Click Here" to listen to the current conversation. Call me with questions or to discuss your marketing plan.
Alan Zepp, risk management program manager for the center, who authors the Markets and Management Update, published in Farmshine, will pre-record the call. He will talk to LGM being a viable option given where markets currently stand.Part of what Zepp will cover on the recorded call to speak to USDA's Farm Service agency just announcing that producers who wish to purchase LGM-Dairy Margin Insurance in order to protect today's exceptionally strong margins may do so and still participate in the upcoming Margin Protection Program. A substantial portion of the annual LGM-Dairy underwriting capacity remains for the last three months of this fiscal year. Today's futures markets are offering an uncommon opportunity for producers to cost effectively protect an unusually high margin for next fall and winter.
For more details about the monthly conference call learning series, contact the Center for Dairy Excellence at 717-346-0849 or by e-mail at info@centerfordairyexcellence.org. More information about this and other resources from the center can be found at www.centerfordairyexcellence.org.
7.21.2014