Professional Dairy Producers® (PDPW), announces the line-up of speakers for week 35 of The Dairy Signal™. As the calendar year winds down, this week’s episodes will focus on the financial side of dairy farming to help producers analyze year-end financials as well as make decisions to start strong in 2021.
Gary Sipiorski, independent business and financial consultant, and Dr. Kevin Bernhardt, Professor of Agribusiness at UW-Platteville School of Agriculture and Farm Management Specialist with UW-Extension and Center for Dairy Profitability, will review ways to calculate and analyze cost of production and how it can be used to fine-tune risk management decisions. A panel of ag lenders will share their perspectives on the lessons learned in 2020 and what producers can do to plan for 2021. Panel members will include Tim McTigue, Senior Vice President of Ag Banking, Investors Community Bank; Doug Lambert, Assistant Vice-president, Farmers & Merchants Union Bank; and Jim Moriarty, Director – Dairy Team, Compeer Financial.
Dan Basse, Economist and President of AgResource Company, will be returning to The Dairy Signal to provide market updates and outlooks for the remainder of the year.
Developed by fellow dairy farmers from the PDPW Board of Directors, The Dairy Signal is a weekly series of free educational episodes offering insights and resources for fellow dairy farmers and other food system professionals throughout the value chain. The episodes air live from 12:00-1:00 PM CT each Tuesday, Wednesday, and Thursday; recorded sessions are available later in the day.
Eric Snodgrass, Principal Atmospheric Scientist for Nutrien Ag Solutions, head lined the 100th episode on Tuesday, Nov. 24 reviewing weather patterns over the past several months and provided an outlook for winter months, including the impact of the La Nina pattern.
On Wednesday, a panel of Scott Seward, Seward-Folly Dairy, and Bennet Crochet, Dairy Focus Consultant with Cargill shared strategies for herd management and raising youngstock, as well as how they manage forage crops and develop the most efficient rations to support a high production herd. They answered questions about balancing diets based on each year’s forage and crop quality and availability.
Each live session offers attendees the opportunity to engage in open Q&A and interact with the speakers through www.slido.com and entering the code #myPDPW.
Our dairy industry and lives are changing daily and our need for accurate business information is vital. Content on The Dairy Signal is updated as new information becomes available.
Here is a look at the upcoming presenters and topics:
Tuesday, December 1
Topic: Understand options for calculating cost of production and how each approach can help make management decisions and manage risk. Episode presenters include:
· Dr. Kevin Bernhardt, Professor of Agribusiness at UW-Platteville School of Agriculture and Farm Management Specialist with UW-Extension and Center for Dairy Profitability
Wednesday, December 2
Topic: Hear about agriculture and the dairy outlook from the lender point of view, including lessons learned from 2020 and tips for planning ahead for 2021, including prepaying, refinancing, and other options. Episode presenters include:
· Tim McTigue, Senior Vice President of Ag Banking, Investors Community Bank
· Doug Lambert, Assistant Vice-president, Farmers & Merchants Union Bank
Topic: Get the latest news and analysis of agricultural markets, current trends and what to expect for the rest of this year and into 2021. Episode presenter includes:
· Dan Basse, Economist and President of AgResource Company.
All Dairy Signal episodes are free and open to the public, accessible through www.pdpw.org. For more information, contact PDPW at 800-947-7379 or by emailing [email protected]. Follow along digitally in advance of and during the sessions by following @dairyPDPW and using #TheDairySignal on Facebook, Twitter, Instagram, and LinkedIn.