155 | FMMO Reform: What Could It Mean for Your Future Milk Check?

If you are wondering how proposed changes to the Federal Milk Marketing Order could impact your milk check, or perhaps you have asked yourself, would we be better off without a federal order system altogether?  

Well, today we are taking an in-depth look at making allowances, component changes, and the logistical and financial implications of these recommendations.

Our guest today is Sara Dorland. As managing partner with Ceres Risk Management, she joins us to share her insights on the Federal Milk Marketing Order (FMMO) hearings, emphasizing five priority items impacting milk markets and your future milk check.

Based in Sun Valley, Idaho, Sara brings 25 years of studying milk markets and assisting dairy producers and manufacturers with market education, forecasts, and risk management. Her background includes serving as the director of risk management for Darigold, Inc. the fourth-largest dairy cooperative in the United States. 

In fact, she has lived through the dissolution of the federal order system in parts of  Utah and Idaho. 

Get ready to hear about this and more with Sara Dorland.

Show Notes:

• 00:00 Introduction to FMMO and Priority Items
• 00:32 Understanding the Make Allowance
• 01:21 Class One Differential Changes
• 02:59 Impact of Recommendations on Milk Pricing
• 12:25 USDA's Role and Producer Involvement
• 14:46 Voting and Future Implications
• 16:59 Life Without FMMO
• 21:20 Risk Management and Final Thoughts

Join us at World Dairy Expo for this Tanbark Talk:

“Securing the Future: A candid conversation about dairy farm transition planning”

• Tuesday, Oct. 1, 9 a.m. to 11 am., in the Tanbark
• Hosted by: Peggy Coffeen, Uplevel Dairy Podcast

Sponsored by: Compeer Financial

Panelists: The Oeschner Family; Steve Schweoer, Compeer Financial; Jared Holt, Ascent Financial.

Tune in LIVE virtually! Register now: Compeer.com/WDE2024

Featured guest:

• Sara Dorland, managing partner, Ceres DRM
• sara.dorland@ceresdrm.com
• www.ceresdrm.com 

The 60-day comment period ends on September 13th. Make your comments and find more information here.

This episode is sponsored by Compeer Financial.

Compeer Financial is a member-owned Farm Credit cooperative serving and supporting agriculture and rural America. Our dairy team brings world-class expertise and tailored solutions to support dairy producers’ financial goals and lending needs.

For more information, contact the Compeer Dairy Industry Experts .  

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