Dairy producers who want to increase their knowledge of commodity marketing tools and principles — and better manage risk — will have that opportunity during a seven-week Commodity Marketing Class sponsored by the Professional Dairy Producers of Wisconsin.
Course topics include understanding agricultural commodity markets and marketing; developing an effective market plan; analyzing the market for market activity; understanding and utilizing the futures market, the cash market and the options market; and a hedgers and marketers checklist.
The first class — which is free — is set for Tuesday, Dec. 1, from 10 a.m. to noon at Animart in Beaver Dam, Wis. At the close of the first class, attendees can decide if this course is for them and sign up for the next six classes.
Cost for the full course is $450, which covers one or two individuals from the same farm. Class size will be limited to 30.
Source: Professional Dairy Producers of Wisconsin