Resources by Mike McGilliard
|A Decision-Making Tool to Determine the Feasibility of Purchasing Virginia Milk Commission Base
Dairy farmers are usually subject to net income fluctuations due to volatility in both milk and feed prices. Risk management tools, such as hedging milk prices in the futures market, may be used to protect dairy farmers against milk price volatility. Alternatively, dairy farmers selling milk in Virginia can buy Virginia milk commission base (MCB) to obtain higher milk prices and, therefore, sustain or increase net cash flows.
|Feb 14, 2023