Hedging 101

It can be intimidating navigating risk management and understanding what is right for your business. We provide the basics of hedging to better understand the process, impacts from outside factors, common terms and more. Our guest Mike North, president of the producer division at Ever.Ag, shares hedging examples and breaks down the basics. Dairy Stream host Joanna Guza dives into the topic below with Mike: 1:15: Overview of hedging  5:36: Farm bill and risk management   9:51: Who is involved in the hedging process 12:36: License and reputable companies   14:00: Why do businesses hedge 14:38: Popularity of hedging 15:22: Common terms 19:53: Outside factors that impact hedging 22:41 Current events and risk management 28:00: Examples  34:05: How to get started 37:20: Future of hedging Special thanks to Compeer Financial for sponsoring this episode. About the guest Mike has spent nearly 30 years working with both farmers and processors or the end users of agricultural commodities to address and manage their exposure to commodity price risk. Mike applies a comprehensive approach to identifying points of risk and developing an appropriate risk management plan. Mike is currently the President of the Producer Division at Ever.Ag.  This podcast is co-produced by the Dairy Business Association and Edge Dairy Farmer Cooperative, sister organizations that fight for effective dairy policy in Wisconsin and Washington, D.C.  Become a sponsor, share an idea or feedback by emailing [email protected].