U.S. milk production and dairy exports have increased significantly over the last decade, with an increase in milk production of 34 billion pounds from 2003 to 2014 and a dairy export increase of 25.7 billion pounds, said Cameron Thraen, AEDE associate professor, at the kickoff of the college’s 2014-2015 Agricultural Policy and Outlook series where he offered a dairy industry trends outlook for 2015.
A new online tool designed to assist dairy producers in understanding coverage options under the new farm bill was developed by a Cameron Thraen, an AEDE dairy economist, with colleagues from the University of Illinois, the University of Wisconsin, the University of Minnesota, Michigan State University, Cornell University, and The Pennsylvania State University.
Dairy and agriculture economists and policy experts with Ohio State University's College of Food, Agricultural, and Environmental Sciences will hold meetings across the state as part of an effort to help farmers learn more about the 2014 farm bill and how it can impact dairy producers. AEDE's Cameron Thraen will participate.
The U.S. Department of Agriculture recently said that as part of the implementation of the Agricultural Act of 2014, it will award $6 million in funding to universities and cooperative state extension services to prepare farmers for new Farm Bill programs. Cameron Thraen is among a group of experts nationwide who will help to develop educational materials targeted at dairy producers.
Research from Cameron Thraen will be featured in a webinar from 8 to 9 a.m. March 26 designed to offer dairy producers training on how the new dairy title in the 2014 farm bill will impact their agricultural businesses. The webinar will review the new dairy producer income-over-feed-cost margin protection program, which represents the most comprehensive reform to the U.S. federal dairy farm safety net seen in decades.
A dairy safety net alternative formulated recently by a pair of dairy economists at Ohio State is currently being discussed by lawmakers as a potential compromise to possibly end the dairy standoff that is one of the latest roadblocks in getting a new farm bill passed.
Of the many issues to be resolved in the House and Senate versions of the farm bill, the safety net proposals in the dairy title currently present the most significant shift in federal dairy income support policy that the U.S. has seen in the past 60 years, Cameron Thraen recently said at the opening of the 2013-2014 Agricultural Policy and Outlook Conference Series.
AEDE graduate student John Newton was recently offered a prestigious fellowship to work with the United States Senate Committee on Agriculture, Nutrition and Forestry during the summer of 2013. The U.S. Senate Committee on Agriculture, Nutrition and Forestry works on a number of federal policy proposals related to the nation’s food and energy resources, including the 2013 farm bill.
AEDE Associate Professor Cameron Thraen and PhD student John Newton released new analysis this week evaluating the potential financial benefits and costs associated with the two major dairy safety net policy proposals being debated as part of the dairy subtitle of the 2013 farm bill.
Dairy farmers can insure against low income over feed margins with an insurance product, Livestock Gross Margin (LGM) insurance, offered through crop insurance agents and underwritten by the USDA Risk Management Agency.