Hi, I’m ken bailey.
I’ve devoted my entire career to the economics of the U.S. and global dairy industries. Farm and trade policy, risk management, farm financial planning, plant and system optimization, adviser to the U.S. government, tenured professor, global consultant, I’ve done it all.
If you need help with your project, or to better understand the market for milk and dairy products, I can help. I started modeling the economics of the U.S. dairy industry in the 1980’s, before the PC was invented. Today I specialize in global trade, Federal Milk Marketing Orders, strategic planning for dairy processors, sustainability, and pricing models and strategies for dairy buyers.
Ken received a Ph.D. in applied economics from the University of Minnesota in 1988. He started his career in dairy economics while working at a policy think tank FAPRI at the University of Missouri in 1989. It was there that he wrote his first textbook on the economics of milk marketing and testified before Congress. Next he became a tenured professor of dairy markets and policy at Penn State University. While at Penn State he testified at an International Trade Commission hearing on MPC imports, was an expert witness in Federal District Court in support of Pennsylvania’s state milk order, and testified at Federal Milk Marketing Order hearings. Ken got his Series 3 license in 2008 and worked in Chicago for a Futures Commission Merchant INTL-FCStone as a consultant and broker. From there he worked 10 years at Darigold, a dairy processor and cooperative in the Pacific Northwest. Ken worked on risk management, strategy and optimization, federal milk marketing orders, policy issues, and free trade agreements and global trade.
Ken has a keen interest in global trade and dairy policy issues. Ken also loves building economic forecasting models. He started “modeling” on mainframe computers using card readers in the 1980s. His most recent policy/modeling effort was a publication on the economics of the EU intervention program and its impact on the US. More recently, he authored the textbook “Dairy Economics: Pricing, Policy, and Risk Management.” Ken also just opened an online school for dairy economics.