The Iowa State University Extension and Outreach Dairy Team will host its annual Dairy Discussions Seminar on Thursday, Dec. 7 from 10:00 a.m. to 2:30 p.m. at the ISU Extension and Outreach Sioux County Office at 400 Central Ave. NW in Orange City.
This year’s focus is on how inflation affects producers’ bottom line, what is being discussed in the milk marketing modernization discussions at the Federal Milk Marketing Orders (FMMO) hearings, and a review of the predictions for farm income in 2024.
“Understanding how these topics will impact agriculture in Northwest Iowa will affect farm management decisions in 2024,” said Fred Hall, dairy specialist with ISU Extension and Outreach. “Whether you are in production ag or industry you will find useful information, plus a free meal sponsored by Van Zee Enterprises.”
Dr. Chad Hart will discuss how inflation affects the commodity market, the value of the dollar in world trade, world and domestic consumption, and the cost of ag inputs.
Hart is an Ag Economics professor at Iowa State University. He served as the U.S. Policy and Insurance Analyst with the Food and Agricultural Policy Research Institute (FAPRI) and as a Scientist with CARD. For FAPRI, Hart was responsible for directing econometric and modeling efforts for the crop insurance component of the FAPRI modeling system. For CARD, he served in multiple roles, concluding as the head of the Bio Renewables Policy Division, examining the interactions between the agricultural and energy sectors.
Will Loux serves as the Vice President of Global Economic Affairs for The National Milk Producers Federation (NMPF) and the U.S. Dairy Export Council. He will address the milk marketing modernization currently being discussed.
ISU Extension and Outreach Dairy Specialist Fred Hall will discuss predictions for farm income in 2024.
There is no registration fee to attend the program, but registration is required by calling 712-737-4230 or online at https://go.iastate.edu/DISCUSS23. Deadline to register is Nov. 30.
For more information, contact Hall at 712-737-4230 or fredhall@iastate.edu.