Dairy Stream podcast: Mike North clears up milk check confusion
GREEN BAY, Wis. — As if price volatility doesn’t cause enough anxiety for dairy farmers, there’s always the milk check, which can be confusing. Mike North, who has decades of experience advising farmers on price protection and risk management, understands why.
On a recent episode of the Dairy Stream podcast, North, who is principal at ever.ag, walked through the line items on a milk check that are the most important, explained how milk prices are formulated and offered advice on things farmers can do to improve their bottom line.
Agri-King sponsored this episode.
- 1:13: Key areas on a milk check
- 4:15: What information is required
- 6:51: How components affect premiums
- 10:12: How the prices are formulated for components
- 17:46: Main parts on a milk check to monitor as a producer
- 21:03: Various deductions
- 31:31: Where the money goes if a producer is not getting it
- 37:51: Options for mitigating market risk
About Dairy Stream:
Dairy Stream focuses on policy, sustainability, market trends, new technology, processor updates, business partner news and farmer involvement. The podcast is co-produced by the Dairy Business Association and Edge Dairy Farmer Cooperative, sister organizations that fight for effective dairy policy in Wisconsin and Washington, D.C.
The Dairy Business Association is Wisconsin’s leading dairy lobby group, championing smart and sensible regulations affecting the dairy community. The nonprofit organization is comprised of farmers, milk processors, vendors and other business partners who work collaboratively to ensure that dairy farms of all sizes have the support they need to keep America’s Dairyland strong. More information: www.dairyforward.com
Edge Dairy Farmer Cooperative provides dairy farmers throughout the Midwest with a powerful voice — the voice of milk — in Congress, with customers and within their communities. Edge, based in Green Bay, Wis., is one of the top cooperatives in the country based on milk volume. More information: www.voiceofmilk.com.