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

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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  1. 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

  2. The Usual Suspects

  3. 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

  4. 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

  5. Lets take a quick tour of the site…

  6. 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…

  7. Publications & Tutorials

  8. Self-Guided Study

  9. Examples are linked to the data

  10. Management Tools

  11. 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.

  12. University Links to Outlook Opinionsupdate

  13. Do It Your Way Graphics

  14. Start with a data series…

  15. Then Add-to or modify as needed

  16. Predefined Graph Categories

  17. Select the CategoryGet the Chart

  18. Link to other dairy sites

  19. FAPRI & MILC Information

  20. 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. 

  21. Preview Premium Prices

  22. Farm Bill & Dairy News

  23. The Basis for Information is Data

  24. Data Sets Cover All Areas

  25. Linking for Updates Too…

  26. Thank You…Got Questions?

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