In last Friday's issue of the Dairy Herd Network Week-in-Review newsletter, we asked readers the following question:

Have you used risk management tools to offset the higher cost of feed?

Below are the results

Have you used risk management tools to offset the higher cost of feed?
Yes (41.7%)
   
 
No (33.3%)
   
 
I am still exploring the possibilities (25.0%)
   
 
 
   
   

Comments

The majority of my feed I have in storage, namely corn and beans, so I don't need to purchase those. 2/25/11 7:15P

How can people afford not? 2/25/11 7:41PM

I need to be more educated on this subject. I find it possible that one can lock a margin....but that margin can be a fixed or locked as a loss as well as a gain and a premium expense was paid out of pocket. Until the margins are really positive I am not sure how effective LGM will be in the near future. 2/25/11 7:49PM

I'm too small for the size of the contracts. I have a 50% ownership of milk from 60 milking cows. 2/28/11 3:49AM