Marin Bozic and Chris Wolf, agricultural economists with the University of Minnesota and Michigan State, respectively, have created a user’s guide for the Dairy Margin Protection Program (MPP) stress test calculator.
“This guide shows how to use the financial stress-test calculator to assist dairy farm managers in determining how MPP might assist in farm financial risk management,” says Mark Stephenson, a University of Wisconsin ag economist..
The calculator allows dairy farmers to enter variables such as herd size, milk production, current risk management plans and working capital. The spreadsheet then calculates risk and what MPP options might be best for their operations.
You can download the user’s guide here.