Better Manage My On-Farm Risks
Increasing feed costs, milk price swings and volatility at all levels make it a necessity for dairy producers today to consider their risk management options. The Center works closely with the Pennsylvania Department of Agriculture, USDA’s Risk Management Agency and other organizations to promote opportunities for producers to learn more about risk management and how it plays a role in their dairy business.
To learn more about the upcoming "Learning Series in Dairy Markets and Management" conference calls, click here.
To view Willard Lemaster's Market and Management Update, click here.
Below are details on any opportunities currently available.
LGM for Dairy
Pennsylvania is one of 11 states where the Risk Management Agency is rolling out LGM for Dairy in the summer of 2008. A federally-reinsured dairy insurance program run through the U.S. crop insurance program, it will provide protection against unexpected declines in gross margins on targeted quantities of marketed milk. For more information about the program and its benefits to producers, contact Willard LeMaster at 717-756-1534 or e-mail c-WLemaste@state.pa.us.
For a fact sheet on LGM for Dairy, click here.
To view the Steps for the LGM Process, click here.
To download the soybean/corn equivalent worksheet (in Excel), click here.
To view PowerPoint presentations from the recent LGM for Dairy Conference in Harrisburg, click here.
Crop Insurance
USDA’s Risk Management Agency supports a federally-funded crop insurance program to
help producers offset their risks associated with weather and other disaster-related crop
losses. For more information, click here.
To read the fall 2008 edition of the Pennsylvania Crop Insurance Newsletter, which includes details about the new LGM for Dairy program and the upcoming crop insurance deadlines, click here.
Milk Contracting
Several dairy cooperatives and processors offer risk management programs to help
producers lock in a milk price for a set period of time to control their risks against milk price
volatility. To learn more about the benefits of milk contracting and to find out what programs
are available, either contact your milk buyer or click here.