Resources

Stewart-Peterson Resources

White Paper – Is accepting the market price worth the risk?
fileAccepting the market price for milk seems a reasonable approach to many dairy farmers. But take a closer look, and you will see it’s risky, especially in a volatile market. Here are three reasons taking the market price can be costing you.

Why accepting price is risky.

Benefits of taking a holistic approach to managing price risk
fileIf you manage your milk price risk, you should manage the cost of feed and fuel inputs too. Did you know that if you’re receiving a higher price for milk, you’re probably pay more for feed and fuel inputs? It can pay to manage all three.

Benefits of holistic approach.

The case for us all having our heads examined
fileWhen you think about the price of feedstuffs, equipment, or even a new pair of work boots, you’re probably not thinking rationally. Cognitive biases compel us to make poor decisions. Find out how to keep them from influencing your farm marketing.

Keep biases out of farm marketing.

Is the market price your default price?
fileResearch suggests that when faced with a tough decision, we often let someone else make it for us. This may be why many dairy farmers accept the market price rather than manage their risk. Read about the effect this can have on your marketing.

Why easier is not better


Three behaviors that can influence your decision-making
fileIt’s easy to act irrationally when markets are volatile. In fact, irrational behavior can be explained. Here are three behaviors that can influence your decision making when it comes to purchasing feed (or selling milk).

Recognize cognitive biases.


How Market Scenario Planning helps feed buyers
speakerYou can follow to help you protect against market risk and capture market opportunities. Stewart-Peterson President Patrick Patton explains how the concept of Market Scenario Planning helps feed buyers, on Dairyline Radio.

Listen to the interview here.