We examine the young dairy futures market as a risk management tool. Using New York Board of Trade (NYBOT) data, we find that the BFP futures market is efficient and may potentially be a useful hedging tool. However, we also find that competition from Chicago Mercantile Exchange (CME) contracts...

This report summarizes the financial and production records of 24 dairy farms across the Upper Peninsula (UP) of Michigan. To be included, the farms must have produced at least 50 percent of gross cash farm income from milk and dairy animal sales. The records came from Michigan State...

This report summarizes the financial and production records of 16 dairy farms across the Upper Peninsula (UP) of Michigan. To be included, the farms must have produced at least 50 percent of gross cash farm income from milk and dairy animal sales. The records came from Michigan State...

This report summarizes the financial and production records of 23 dairy farms across the Upper Peninsula (UP) of Michigan. To be included, the farms must have produced at least 50 percent of gross cash farm income from milk and dairy animal sales. The records came from Michigan State...

This report summarizes the financial and production records of 7 dairy grazing farms from across Michigan. These 7 farms indicated that they grazed dairy cows at least three months of the year and that grazing provided more than 30 percent of the forage consumed during the year. To be included,...

This report summarizes the 2011 financial and production records of 86 Michigan cash grain farms. To be included, the farms must have produced at least 50 percent of gross cash farm income from a combination of these crops: corn, soybeans, wheat, navy beans, oats, sugar beets and other small...

This report summarizes the financial and production records of 132 dairy farms from throughout Michigan in 2007. To be included, the farms must have produced at least 50 percent of gross cash farm income from milk and dairy animal sales. The records came from Michigan State University’s...

This report summarizes the financial and production records of 14 dairy farms across the Upper Peninsula (UP) of Michigan. To be included, the farms must have produced at least 50 percent of gross cash farm income from milk and dairy animal sales. The records came from Michigan State...

This report summarizes the financial and production records of 101 dairy farms from throughout Michigan in 2011. To be included, the farms must have produced at least 50 percent of gross cash farm income from milk and dairy animal sales. The records came from Michigan State University’s...

Increasing volatility in milk and feed prices has led to higher levels of market and financial risk for dairy farmers. We examine dairy farmer use of forward pricing methods for milk sales and feed purchases. Operators with larger herds, higher levels of education, and those farm businesses that...