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Understanding Dairy Markets The Web Site C. Wilson Gray & Prof Brian Gould National Risk Management Conference Reno, NV March 31 – April 1, 2009. Digital Dairy Business Management and Marketing A Project of Regional Cooperation for Dairy Business Education . The Usual Suspects.

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Digital Dairy Business Management and Marketing A Project of Regional Cooperation for Dairy Business Education

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Understanding Dairy MarketsThe Web SiteC. Wilson Gray & Prof Brian GouldNational Risk Management ConferenceReno, NV March 31 – April 1, 2009

Digital Dairy BusinessManagement and Marketing

A Project of Regional Cooperation for Dairy Business Education


The Usual Suspects


The Foundation

  • UW-Madison had the dairy futures website

    • Initially developed in the 1990’s

      • RMA grant to promote the “new” dairy futures and options contracts

    • Data and graphics were in spreadsheets

    • Some updating was automated, some wasn’t

    • Data requirements had outgrown the system


What the Projects Entailed

  • A total “makeover” of the website

    • Data moved into relational database files

    • File updates were totally automated

    • Enhanced graphing capabilities were added

    • On-line learning modules are available and being added to

    • Industry related publications are on-line

    • Various analysis tools are on-line


Lets take a quick tour of the site…


Home

Current Events & chart

Pubs/Software

Publications, tutorials and spreadsheets

Dairy Data

The numbers

Situation

Opinion

Graphs

Pre set or D – I - Y

Links

Other dairy places

FAPRI Alliance

UW – FAPRI collaboration

MILC

Calculate payments, updates

LGM-Dairy

Income risk protection information

08 Farm Bill

Dairy and the Farm Bill

News

Stories on dairy

What the Tabs Are…


Publications & Tutorials


Self-Guided Study


Examples are linked to the data


Management Tools


Other Modules Coming

  • Financial Statement Relationships

  • Partial Budgeting

    • Examples & D – I – Y

  • Overview of income protection insurance programs that are relevant to dairy

    • Agri-Lite, AGR, LGM, etc.


University

Links to Outlook Opinionsupdate


Do It Your Way Graphics


Start with a data series…


Then Add-to or modify as needed


Predefined Graph Categories


Select the CategoryGet the Chart


Link to other dairy sites


FAPRI & MILC Information


LGM Insurance

LGM-Dairy Premium Calculator

A spreadsheet model that can be used for "what-if" analyses on premium levels for alternative LGM program participation using historical data.  

From Aug. 2008 - Present, actual RMA simulated data used in premium calculations are available. Prior to Aug. 2008, simulated data is used for premium calculation. 


Preview Premium Prices


Farm Bill & Dairy News


The Basis for Information is Data


Data Sets Cover All Areas


Linking for Updates Too…


Thank You…Got Questions?


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