Farmers gain insights on value of milk-price hedging
The IFA seminar ‘Making Risk Management Work for Farmers’ in Co Laois featured talks on global commodities from FCStone, as well as a presentation from US dairy farmer Joe Thome on how 18 years of hedging prices delivered near parity in income in that time, plus stability to plan his business.
A 10-year US study by Dimensional Fund Advisors showed that those who hedged on dairy futures broke even over that time.
