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WUD Hosts Margin Protection Program Workshops

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Western United Dairymen will host a series of informational workshops in August and September on the new Margin Protection Program, which is part of the 2014 Farm Bill signed into law earlier this year. There will be 12 workshops held throughout August  and September throughout the WUD membership areas. The first workshop is set for Aug. 11 in Orland.  The workshops are open to anyone interested: WUD members, nonmembers, their bankers and CPAs as well as allied industry members.

WUD President Tm Barcellos said, “This is a tool that will be available to all U.S. dairy producers. WUD wants to ensure California dairymen are comfortable enough in understanding the program details and how it can affect their operation to make the participation decision that is best for them.”

Participation in the Margin Protection Program is voluntary. For those who choose to enroll, it should help prevent the type of catastrophic losses of equity that distressed so many dairy producers in 2009. The risk management program will help address margin volatility by targeting combinations of low milk prices and high feed costs. But as with any risk management tool, understanding the nuts and bolts is crucial to the program’s efficacy.

The workshops will cover how the program works; how the program would have performed in previous years; what this means for California dairy producers; pros and cons of the program; available resources to producers and a question and answer period.

The workshop schedule is:

August 11: Orland
Glenn County Farm Bureau
10 a.m.-noon

August 12: Hanford
Farm Service Agency
9: 30-11:30 a.m.

August 12: Tulare
UCCE
1:30-3:30 p.m.

August 14: Stockton
Cabral Center
1:30-3:30 p.m.

August 18: Modesto
Ag Center
1:30-3:30 p.m.

August 19: Merced County
1:30 – 3:30 p.m.
Location to be determined.

August 21: Ontario
Doubletree
10 a.m. - noon

August 26: Riverdale
Veterans Memorial Auditorium
9:30-11:30 a.m.

August 26: Fresno
Fresno County Farm Bureau
1:30-3:30 p.m.

August 27: Bakersfield
UCCE
10 a.m.-noon

September 2: Ferndale
UCCE
1-3 p.m.

September 3: Petaluma
Two Rock Fire Hall
9: 30-11:30 a.m.

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