US dairy farm
US milk producers appear to have all the tools to ride out dramatic swings in price. They can use futures markets to lock in returns or feed prices, or insurance schemes to guarantee the margin between milk prices and feed prices – answers often touted for the UK. But these aren’t without challenges for farmers. Producers are able to hedge both their feed costs and milk prices on the Chicago commodity exchange. Futures are traded in corn, soya bean meal, […]