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Dairy Risk Management Strategies worskhops

ST. CLOUD — “Dairy Risk Management Strategies” a short workshop teamed up with Farm Service Agency and University of Minnesota Extension comparing the new Farm Bill’s Dairy Margin Coverage and other risk management strategies of Risk Management Agency’s Dairy Revenue Protection and Dairy Livestock Gross Margin.

This two-hour workshop will use spreadsheets and other tools to analyze how the new Dairy Margin Coverage compares with the old Margin Protection Program. Prices for the different coverage levels and the pounds of coverage will be examined. In addition, the new Risk Management Agency’s Dairy Revenue Protection program which works similar to a crop insurance product that provided quarterly coverage will be compared with Dairy Livestock Gross Margin. We will help determine which dairy programs are best for your dairy.

Pros and cons of each program will be highlighted. Knowing your cost of production is important; tools to help calculate your cost of production will be shown.

Area meetings will be held at:

Rochester — 1-3 p.m. July 9, Extension Office, Room H1403 at Heintz Center, Rochester MN

Mankato — 10 a.m. – Noon July 10, Extension Office, 1961 Premier Drive, Sakatah Trail Room.

Marshall — 1 – 3 PM, July 16, SW West Central Service Cooperative. 1420 East College Drive

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