University of Wisconsin-Extension's Farm and Risk Management (FARM) Team is offering five workshops in March for Wisconsin producers on managing their profit margin. This program is offered by the FARM Team whose mission it is to help Wisconsin farmers improve business profitability and lifestyles through informed decision-making.
The day long program will be held in Rice Lake, Marshfield, Green Bay, Juneau, and Melrose in March, 2009. The Deal or No Deal-Managing the Margin workshops will have a very interactive presentation on price volatility using a marketing game compiled by Kevin Bernhardt, Farm and Risk Management Specialist for UW-Extension/Center for Dairy Profitability. In this day and age, managing your profit margin is much more than simply paying attention to milk prices. Good milk prices no longer automatically translate into good profits because of the volatility in inputs.
Presentations on determining your cost of production for different commodities will also be presented. Cost of Production (COP) is determined by the costs associated with production divided by the number of units. Learn how to calculate your cost of production through a hands-on exercise and use the information for your decision-making.
Workshops will be held from 10 a.m. to 2:30 p.m. on the following days and locations:
* March 4 at Turtleback Golf and Conference Center in Rice Lake. Contact: Tim Jergenson, Barron County Extension Office, 715-537-6250.
* March 9 at Belvedere Supper Club in Marshfield. Contact: Maria Bendixen, Clark County Extension Office, 715-743-5121.
* March 10 in Shawano. Contact: Scott Reuss, Marinette County Extension Office, 715-732-7510 or toll free: 877-884-4408.
* March 11 in Juneau. Contact: Matt Hanson, Dodge County Extension Office, 920-386-3790.
* March 12 at Legion Hall in Melrose. Contact: Trisha Wagner, Jackson County Extension, 715-284-4257, Ext. 504.
The registration cost is $15 per site ($25 at the door). Visit the FARM Team website http://www.uwex.edu/ces/farmteam/ to download a brochure or contact your local Extension office.