understanding dairy markets the web site c. wilson gray & prof brian gould national risk...
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![Page 1: Understanding Dairy Markets The Web Site C. Wilson Gray & Prof Brian Gould National Risk Management Conference Reno, NV March 31 – April 1, 2009 Digital](https://reader031.vdocuments.us/reader031/viewer/2022020800/56649d595503460f94a3a00f/html5/thumbnails/1.jpg)
Understanding Dairy MarketsThe Web Site
C. Wilson Gray & Prof Brian GouldNational Risk Management Conference
Reno, NV March 31 – April 1, 2009
Digital Dairy BusinessManagement and
MarketingA Project of Regional Cooperation for A Project of Regional Cooperation for
Dairy Business Education Dairy Business Education
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The Usual Suspects
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The Foundation
• UW-Madison had the dairy futures website~Initially developed in the 1990’s
• RMA grant to promote the “new” dairy futures and options contracts
~Data and graphics were in spreadsheets~Some updating was automated, some
wasn’t~Data requirements had outgrown the
system
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What the Projects Entailed• A total “makeover” of the website
~Data moved into relational database files~File updates were totally automated~Enhanced graphing capabilities were
added~On-line learning modules are available and
being added to~Industry related publications are on-line~Various analysis tools are on-line
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Lets take a quick tour of the site…
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What the Tabs Are…
• Home~ Current Events & chart
• Pubs/Software~ Publications, tutorials and
spreadsheets• Dairy Data
~ The numbers• Situation
~ Opinion• Graphs
~ Pre set or D – I - Y
• Links~ Other dairy places
• FAPRI Alliance~ UW – FAPRI collaboration
• MILC~ Calculate payments,
updates• LGM-Dairy
~ Income risk protection information
• 08 Farm Bill~ Dairy and the Farm Bill
• News~ Stories on dairy
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Publications & Tutorials
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Self-Guided Study
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Examples are linked to the data
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Management Tools
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Other Modules Coming
• Financial Statement Relationships• Partial Budgeting
~Examples & D – I – Y
• Overview of income protection insurance programs that are relevant to dairy~Agri-Lite, AGR, LGM, etc.
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Links to Outlook Opinionsupdate
University
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Do It Your Way Graphics
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Start with a data series…
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Then Add-to or modify as needed
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Predefined Graph Categories
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Select the CategoryGet the Chart
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Link to other dairy sites
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FAPRI & MILC Information
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LGM InsuranceLGM-Dairy Premium CalculatorA spreadsheet model that can be used for "what-if" analyses on premium levels for alternative LGM program participation using historical data. From Aug. 2008 - Present, actual RMA simulated data used in premium calculations are available. Prior to Aug. 2008, simulated data is used for premium calculation.
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Preview Premium Prices
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Farm Bill & Dairy News
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The Basis for Information is Data
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Data Sets Cover All Areas
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Linking for Updates Too…
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Understanding Dairy Markets Web Access
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Thank You…Got Questions?