KEN BAILEY SCHOOL OF DAIRY ECONOMICS

DAIRY 101 - ONBOARDING

  • Milk production, cow comfort

  • Milk components & dairy products

  • Nutrition (cows and humans!)

  • Dairy manufacturing plants

  • Intro to Milk pricing 101

  • Dairy Trade

  • Cooperatives

  • Dairy Sustainability

UNDERSTANDING FEDERAL MILK MARKETING ORDERS

LESSON 1 PART B - CLASSIFIED PRICING

LESSON 1 PART C - MILK POOLING

LESSON 1 PART A - DAIRY PRICING

  • Overview from commodities to milk

  • Dairy commodities

  • Drivers of dairy commodity prices

  • Links to sales prices

  • NDPSR survey

  • Impact of NDPSR

  • End-product pricing

  • Make allowances

  • Component price formulas

  • Cheese yield

  • Full month vs. advanced pricing

  • Class III & IV formulas

  • Class I & II formulas

  • Concepts of pooling

  • Calculation of a pool

  • Participants in a pool

  • Location adjustments

  • Impact on the milk check

  • Plant allocation of cost

These classes are designed to provide a student with sufficient information to understand key elements of their job that requires general knowledge of the U.S. dairy industry, and more specific knowledge of Federal Milk Marketing order pooling and pricing. The latter mirrors Chapters 7 and 8 in my textbook, “Dairy Economics: Pricing, Policy, and Risk Management.”

Classes will be held online using a Zoom platform. I’ll sign in 10 minutes before class. This will be an ideal time for introductions. I’ll also send out worksheets that we’ll use during the class. We’ll schedule a 10 minute break in the middle (time permitting). Ideally, all three classes should be taken in a given week. However, since this may not always be possible, I’ll try to schedule alternative weeks for students to take all three classes. All sales are final.

Contact me if you would prefer a custom made class for your company’s employees! Let me do the training for you. Dairy onboarding is an excellent class to introduce your employees to the U.S. dairy industry.

We have a new schedule for May 2024:

Dairy 101 Onboarding: May 6, 2024 at 10 PST/11 am MST/12 noon CST/1:00 PS EST for up to 1 hour 15 minutes

Federal Order Lesson 1 Part A - Dairy Pricing: May 7, 2024 at 10 am PST/11 am MST/12 noon CST/1:00 PM EST for 1 hour 30 minutes

Federal Order Lesson 1 Part B - Classified Pricing: May 8, 2024 at 10 am PST/11 am MST/12 noon CST/1:00 PM EST for 1 hour 30 minutes

Federal Order Lesson 1 Part C - Milk Pooling: May 9, 2024 at 10 am PST/11 am MST/12 noon CST/1:00 PM EST for 1 hour 30 minutes