For best decisions, producers should know their costs and margins. However, the proposed federal program will be based on national milk prices and national average prices for alfalfa, corn and soybean meal.
Besides Horner, three others teach sessions. Scott Brown, MU dairy economist, will give background on proposed farm bill options.
Greg Sowders of Great American Insurance will explain LGM-Dairy. His company underwrites that insurance.
Earl Biggers of DFA will explain margin management tools offered by the cooperative.
“It’s important to know the options and create a plan before the next milk-price crisis,” Horner said. “Waiting until a milk price drop like 2009 will be too late.”
Meeting planners welcome dairy farm wives to come hear program options.
“A bit of planning can protect a dairy’s viability and cost very little,” Horner says. “Price volatility hasn’t disappeared.”
For more information, go to Horner’s website at www.dairy.missouri.edu.