Living on a Roller Coaster

18th Annual National Workshop for Dairy Economists and Policy Analysts

InterContinental Hotel, O'Hare

Rosemont, IL

May 5-6, 2011

Download the Workshop brochure
Download the Workshop agenda
Register on-line here
Hotel room reservation on-line here

You should register for the workshop with the button above. The registration fee for the program is $350. The hotel for the workshop is the InterContinental, Chicago O'Hare, 5300 N. River Road, Rosemont, IL. You can register online with the button above or by calling the hotel at (847) 544-5300. Please identify yourself with the "Dairy Policy" group for the negotiated room rate of $189 per night.

Slides       Thursday, May 5, 2011
7:00 Registration and Breakfast--Provided
  8:00 Welcome
        8:15 Session I: Dairy Market Volatility Patterns, Causes and Implications
        Volatility in Individual Farm Marketings & Implications for Supply Management Base--Mark Stephenson, University of Wisconsin-Madison
      Volatility in Farm Profitability and Liquidity--David Zaitz, Cornell University
        10:15 Break
        10:30 Session II: Implications of Fuel Price Volatility
        Class I Differentials with $2.50 fuel to $5.00 fuel--Chuck Nicholson, Cal Poly
      Industry Panel Reaction to Class I Differentials--Paul Miklasz, T.C. Jacoby & Co.; Calvin Covington, CEO Southeast Milk, Inc.-Retired
        12:00 Lunch--Provided
        1:30 Session III: Implications of Feed Price Volatility
        Outlook for Feed Prices--Jim Hilker, Michigan State University
        Production Management Strategies with Volatile Feed Prices--Terry Smith, President/CEO Dairy Strategies, LLC.
        3:00 Break
      3:30 Session IV: Price and Income Risk Management Strategies--Differences between Futures, Options, LGM, MILC & Margin Insurance--Scott Brown, FAPRI University of Missouri
        Industry Panel Reaction to Risk Management--Sam Miller, M&I Bank; Brian Rice, Rice Dairy LLC, Jaime Castaneda, NMPF
        5:00 Adjourn
5:30 Reception and hosted bar
Friday, April 30, 2010
        7:00 Breakfast--Provided
        8:00 Welcome


Session V: Perspectives from the Real World--U.S. Dairy Farmer Panels--Chris Noble, Noblehurst Dairy Farm; Linda Hodorff, Second Look Holsteins; Chad Turner, Desert Hills Dairy


Session VI: Perspectives from the Dairy Industry Advisory Committee--Andrew Novakovic, Cornell University; Patty Stroup, Nestle; Jim Goodman, dairyman
        10:15 Break

Session VII: Perspectives from the Next Generation.--Robert Blaufuss, Dean Foods Company; Monica Ganley, University of Chicago; Mary Knigge, Professional Staff House Committee on Agriculture; Allison Specht, Leprino Foods Company; Chris Noble, Linwood Management Group

12:30 Closing Remarks and Adjourn