National Ag News
Analyst says well-managed Dairy LGM is a good tool
A market analyst says for dairy farmers not locked into the Margin Protection Program, the Dairy LGM program can be effective if managed properly. Francis Felber with Barron, Wisconsin-based Ag Risk Management tells Brownfield, “If you’re out there trying to protect six months or ten months at a time, it’s just not the thing to do. You need to keep your protection slots narrow and purchase the protection often. Every month, every other month, just keep them in small groups and it is a wonderful tool for managing your downside volatility.”
Felber says many dairy producers locked into the Margin Protection Program only to learn it wasn’t the best fit for their operation.
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