Milk Hedging
Episode 30 – How can farmers use fixed milk prices to reduce risk?
Milk price makes up over 50% of risk in a dairy farm business, and increasingly more farmers are adopting milk hedging options to make their income less risky. Some 20-25% of dairy farmers and manufacturers are using milk hedging tools, but how do farmers find out where to start, and what the risks are?
Hear from experts on some key points to be aware of on various hedging options, and from a farmer who has been fixing his milk price for years: James Atkinson, Derivatives Sales Manager, NZX; David Jensen, Bay of Plenty Farmer; and Brett Wooffindin, Director, Lawson Avery Limited.