KEN BAILEY SCHOOL OF DAIRY ECONOMICS
DAIRY 101 - ONBOARDING
Milk production, cow comfort
Milk components & dairy products
Nutrition (cows and humans!)
Dairy manufacturing plants
Intro to Milk pricing 101
Dairy Trade
Cooperatives
Dairy Sustainability
UNDERSTANDING FEDERAL MILK MARKETING ORDERS
LESSON 1 PART B - CLASSIFIED PRICING
LESSON 1 PART C - MILK POOLING
LESSON 1 PART A - DAIRY PRICING
Overview from commodities to milk
Dairy commodities
Drivers of dairy commodity prices
Links to sales prices
NDPSR survey
Impact of NDPSR
End-product pricing
Make allowances
Component price formulas
Cheese yield
Full month vs. advanced pricing
Class III & IV formulas
Class I & II formulas
Concepts of pooling
Calculation of a pool
Participants in a pool
Location adjustments
Impact on the milk check
Plant allocation of cost
These classes are designed to provide a student with sufficient information to understand key elements of their job that requires general knowledge of the U.S. dairy industry, and more specific knowledge of Federal Milk Marketing order pooling and pricing. The latter mirrors Chapters 7 and 8 in my textbook, “Dairy Economics: Pricing, Policy, and Risk Management.”
Classes will be held online using a Zoom platform. I’ll sign in 10 minutes before class. This will be an ideal time for introductions. I’ll also send out worksheets that we’ll use during the class. We’ll schedule a 10 minute break in the middle (time permitting). Ideally, all three classes should be taken in a given week. However, since this may not always be possible, I’ll try to schedule alternative weeks for students to take all three classes. All sales are final.
Contact me if you would prefer a custom made class for your company’s employees! Let me do the training for you. Dairy onboarding is an excellent class to introduce your employees to the U.S. dairy industry.
We have a new schedule for October 2024:
Dairy 101 Onboarding: October 7, 2024 at 10 PST/11 am MST/12 noon CST/1:00 PS EST for up to 1 hour 15 minutes
Federal Order Lesson 1 Part A - Dairy Pricing: October 8, 2024 at 10 am PST/11 am MST/12 noon CST/1:00 PM EST for 1 hour 30 minutes
Federal Order Lesson 1 Part B - Classified Pricing: October 9, 2024 at 10 am PST/11 am MST/12 noon CST/1:00 PM EST for 1 hour 30 minutes
Federal Order Lesson 1 Part C - Milk Pooling: October 10, 2024 at 10 am PST/11 am MST/12 noon CST/1:00 PM EST for 1 hour 30 minutes