Change to Protecting Your Profits call planned for July 23
You can access this brief monthly market commentary, Margin Protection Program explanation, and marketing plan discussion anytime at www.centerfordairyexcellence.org. Click on the “Dairy Information” tab at the top, then the “Protecting Your Profits” tab at the left. Hit “Click Here” to listen to the current conversation.
Alan Zepp, risk management program manager for the center, who authors the Markets and Management Update, published in Farmshine, will pre-record the call. He will talk to LGM being a viable option given where markets currently stand.
Part of what Zepp will cover on the recorded call to speak to USDA’s Farm Service agency just announcing that producers who wish to purchase LGM-Dairy Margin Insurance in order to protect today’s exceptionally strong margins may do so and still participate in the upcoming Margin Protection Program. A substantial portion of the annual LGM-Dairy underwriting capacity remains for the last three months of this fiscal year. Today’s futures markets are offering an uncommon opportunity for producers to cost effectively protect an unusually high margin for next fall and winter.