Financial Risk and Federal Orders—New Considerations for Dairy

April 30–May 1, 2015, Portland, Oregon


This is the 22nd Annual National Workshop for Dairy Economists and Policy Analysts. You should register for the workshop through the buttons above. The registration fee for the program is $380. You can register for the program no later than April 20th. The hotel for the workshop is the Embassy Suites in Downtown Portland, 319 Southwest Pine Street, Portland, OR. You can reserve a room online with the button above (group code DMP) or by calling the hotel at (503) 279-9000. Please identify yourself with the "DMP" for the negotiated room rate of $199 per night. The room block at this group rate will only be held through April 6th.

This year we are also offering a day out in the Oregon countryside. If you would like to join us on a bus tour the day before the meeting, Wednesday, April 29th, we will be visiting two farms and a dairy plant. A boxed lunch will be available. Join us in the hotel lobby at 8:30am on April 29 and the bus will return to the hotel about 4:30pm. An additional registration fee of $50 will be charged for this entertaining and informational outing.

Slides Thursday, April 30, 2015
7:00 Registration (Breakfast–complimentary with hotel room)
8:00 Welcome and Introductions
8:15 Session I:  Factors Creating Risk in Markets for Farm Milk and Near Term Expectations
• Sources of Risk in the Milk Price—Mark Stephenson, University of Wisconsin
• Factors Creating Risk in US Grain Markets—John Newton, University of Illinois
• Overview of the Dairy Swaps Market—Paul Peterson, University of Illinois
10:00 Break
10:30 Session II:  Developing Price Expectations and Evaluating Risk for Dairy Farms and Plants – Industry Perspectives – What We Do, What We Could Do
• Matt Gould, Food Market Analyst, Inc.
• Mike McCully, The McCully Group
• Todd Doornink, Jon-De Farms, Inc.
12:00 Lunch–provided
1:30 Session III:  How Well Does the New Actual Dairy Producer Margin (ADPM) Track Actual Dairy Farm Financial Performance
• Indicators of Farm Financial Performance—Chris Wolf, Michigan State University
2:15 Session IV:  Perspectives on the ADPM as a Reliable Measure of Risk and MPP-Dairy as a Risk Management Tool
• Eric Hillan, Rusk Rose Holsteins, Inc.
• Steve Miller, Northwest Farm Credit Services, Inc.
• Steve Bodart, AgStar Financial Services, ACA
3:00 Break
3:20 Session V:  Risk Management Strategies for 2016.
• Dairy Margin Risk Management: The Black Swan Approach—Marin Bozic, University of Minnesota
• Dave Kurzawski, FC Stone.
• Sara Dorland, Ceres
• Ken Bailey, Darigold
5:00 Adjourn
5:30 Reception and Hosted Bar
Friday, May 1, 2015
8:00 Welcome and Introductions
8:15 Session VI:  What is a Promulgation Hearing and How Will the California Process Unfold
• Dana Coale, Deputy Administrator, Dairy Programs, AMS
8:45 Session VII:  The California Cooperatives Proposal for a California Federal Milk Marketing Order
• Marvin Beshore, Law Offices of Marvin Beshore
  • Cooperative Proposal for a California Federal Milk Marketing Order—Elvin Hollon, Dairy Farmers of America
10:15 Break
10:30 Session VIII:  Industry Reactions to a Proposed California Federal Order
• Rob VandenHeuvel, Milk Producers Council
• Mike Brown, Glanbia Foods, Inc.
• Ted Jacoby, TC Jacoby and Sons
11:45 Closing Comments and Adjourn