Dairy farmer Module On-LINE
Dairy Marketing and Risk Management
Complete the required noted learning material
AgProfit Strategies has developed several web learning modules to help farmers and ranchers who have been farming less than 10 years to view tips about a variety of conventional dairy, grain and livestock subjects. Here you’ll find marketing, price risk management, crop insurance, financial understanding as well as other topics important to beginning farmers and ranchers.
For dairy virtual learners, you can qualify for a $250 payment by completing this module, which includes marketing, risk managment and financial aspects for your family dairy farm.
Feel free to access all the content in every AgProfit Strategies web learning module at any time. However, you will only receive a maximum payment of $250.
A module section is complete once you register below and complete viewing all the videos on this page. You must also take a post module survey and learning quiz at the bottom of the page.
Ag Markets
Dairy Risk Management—Government
This dairy risk management video focuses on government support as it relates to risk management and dairy markets. He’ll explore the Dairy Margin Coverage Program. It’s a voluntary program where a producer can choose a margin between $4.00 and $9.50.
REQUIRED VIEWING
Ag Markets
Introduction To Dairy Risk Management
Price risk is the focus of this video, and how the dairy market experiences extreme volatility. Futures and Options are tools producers can use to minimize their monthly risk. The CME offers tools to help producers in six different areas.
REQUIRED VIEWING
Ag Markets
Using Options to Establish a Floor Price
Producers can protect against falling dairy prices. An example is presented where a dairy farmer in May is concerned about prices falling into November. He can protect, or hedge a portion of his monthly milk production to offset his risk.
REQUIRED VIEWING
Ag Markets
Protect From Falling Dairy Prices
In this video, a producer examines the prices he has received in a given month for past 5-years and arrives at a price level he wants to protect for this new upcoming year. In this way, he can use Futures to mitigate against falling milk prices.
REQUIRED VIEWING
Ag Markets
The Dairy Basis
The dairy basis is one of the most important factors to consider when planning to protect your dairy operation. Understanding your basis helps you determine whether to use futures or options for your marketing plan.
REQUIRED VIEWING
Ag Markets
Understanding Dairy Supply and Demand
There is no getting around it, supply and demand plays a factor in the prices you receive for your milk. Domestic and world conditions play a big role in total demand. America continues to increase its dairy exports, keeping supply lower here at home.
REQUIRED VIEWING
Ag Markets
Federal Milk Marketing Orders
This module provides an overview of the Federal Milk Marketing Orders and its role in the milk industry. The FMMO is one of the most complex systems in agriculture, designed to provide equibility and stability between milk production regions of the country.
REQUIRED VIEWING
You Can’t Ignore the Financial Aspects of Your Dairy Operation
This is our Financial Section you must complete in your dairy learning module. Here you’ll find topics on understanding farm loan principles, developing cash flows and income statements, understanding balance sheets and myths and facts about farm profitability.
Livestock Marketing & Risk Management
Looking for more in raising and marketing your cattle? Then this video and work booklet training series is for you. Join Jeff Rose, Cattle Contract Manager for National Farmers as he talks contracting and price risk management that allows you to profit more.
Introductory Cattle Risk Management Questions
This short 3-page document lists questions you can ask yourself about cattle price risk management. It covers cash, forward contracting and futures and options, along with the proper mindset when approaching a marketing plan.
What Is Price Risk Mangement?
This short 5-page sheet defines risk management and explores the contract types of tools availaible to producers. It identifies the steps producers should use early in the risk managment process.
Five Soil Health Principles Demanding Your Attention
Healthy soils have a protective surface layer of plant residue to control soil temperature and reduce evaporation. This maintains a favorable environment for soil biology. You can preserve residue to keep soil covered by leaving crop residues in the field.
Myths and Facts About Farm Profitability
REQUIRED VIEWING
Dale Nordquist, from the Center for Farm Financial Mangement at the University of Minnesota separates the facts from the myths when it comes to making a profit on the farm. He uses actual farm results to show you the secrets of doing the key things to profit more.
Ag Finances
REQUIRED VIEWING
Communicating With My Lender
In this video, Pauline Van Nurden from the University of Minnesota and the Center for Farm Financial Management, goes over what you should expect when meeting with your lender. From topics ranging from how your credit is built, how to establish trustworthiness, and securing collateral. She does a fantastic job of walking you through the motions, and preparing for meeting with your lender for the first time.
Accounting & Record Keeping
Next up is the Accounting and Record Keeping Module. Below, it’s all about developing financial statements, the need for understanding how to compile records and why they are important, along with defining a business expense.
Ag Finances
REQUIRED VIEWING
Developing Financial Statements and Measures
In this video, Curtis Mahnnken and Rachel Purdy from the University of Minnesota and the Center for Farm Financial Management, provides useful information regarding the financial statements and measures vital to your operation.
Ag Finances
REQUIRED VIEWING
Importance of Records To Beginning Farmers
* In this video, Rachel Purdy from the University of Minnesota and the Center for Farm Financial Management, shares useful information on just how important financial records are to the operation of a beginning farmer.
Ag Finances
REQUIRED VIEWING
How Do We Compile Records?
In this video, Rachel Purdy from the University of Minnesota and the Center for Farm Financial Management, provides a deeper insight into exactly how you should compile your operations farming records.
Ag Finances
REQUIRED VIEWING
What Is a Business Expense?
In this video, Rachel Purdy from the University of Minnesota and the Center for Farm Financial Management, provides a deeper insight into exactly how you should compile your operations farming records.
Balance Sheets, Income Statements and Cash Flows
Next up is the Accounting and Record Keeping Module. Below, it’s all about developing financial statements, the need for understanding how to compile records and why they are important, along with defining a business expense.
Ag Finances
REQUIRED VIEWING
Balance Sheets
In this video, Curtis Mahnnken from the University of Minnesota and the Center for Farm Financial Management, goes in depth on what a balance sheet is. Stay tuned to learn how you should best approach this process for your farming operation.
Ag Finances
REQUIRED VIEWING
Introduction To The Income Statement
In this video, Curtis Mahnnken from the University of Minnesota and the Center for Farm Financial Management, provides great details regarding income statements. Watch this short video to learn how to construct this statement for your farming operation.
Ag Finances
REQUIRED VIEWING
Introduction To Cash Flows
In this video, Rachel Purdy from the University of Minnesota and the Center for Farm Financial Management, shares information regarding what a cash flow statement is. Learn how to build one and why understanding how this statement works is essential to your success.
Ag Finances
REQUIRED VIEWING
Pulling It All Together
Now it’s time to step back and consider all that you have viewed in this entire learning module. The goal of pulling everything together is to better understand the strenghts and weaknesses of your operation so you can make changes, and do better.
That’s it! For further growth, you can take advantage of our mentoring program, where experienced farmers and leaders help you with your farming questions.
Be Sure to Check Out Our Optional Learning Page For More Articles and Videos To Take You To The Next Level!
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