Sept. 18 2017 11:53 AM

    New Educational Program Will Provide Dairy-Specific Financial Acumen for Strategic Decision-Making in Dairy

    The information below has been supplied by dairy marketers and other industry organizations. It has not been edited, verified or endorsed by Hoard’s Dairyman.

    The Professional Dairy Producers® (PDPW) announce the newly-launched educational initiative, PDPW Financial Literacy for Dairy™. This dairy-specific financial program was developed to provide and assure access to best-in-class education for dairy farmers and other food system professionals, to make sound short- and long-term business decisions in today’s economic environment.

    In a continually changing business environment, and with attendees having varying levels of financial understanding, base-knowledge and experiences, it is critical to the success of the professional to be placed into one of three levels of curriculum – foundational, intermediate and advanced.

    “PDPW’s Financial Literacy for Dairy is excellent because it will meet us where we’re at,” said Marty Hallock, dairy farmer and owner of Mar-Bec Dairy, in Mondovi, Wis. “Being placed in a class with like-minded peers will allow us to put our newly learned financial skills straight to work and give us the confidence and knowledge to make tough business decisions.”

    To showcase level one and two of the PDPW Financial Literacy for Dairy curriculum, the inaugural class is set for Oct. 23-24 and Dec. 19-20, 2017, and continues Jan. 23-24 and concludes Apr. 9-10, 2018. The training will run 9:30 a.m. to 8 p.m. on day one and from 8 a.m. to 4 p.m. on day-two of each session, held at the Sheraton Hotel in Madison, Wis.

    This inaugural class will be led byDr. David Kohl, dairy’s leading financial expert and the author of level one and two of the PDPW Financial Literacy for Dairy curriculum. The training experience will focus on goal setting, family finance and financial planning as well as interpreting financial documents and calculating and evaluating cost of production. Later sessions, in Jan. and Apr. will include cash flow budgets, key performance measures and ratios, enterprise profitability and cost-center tracking.

    The multi-date format of the training will provide participants the opportunity to learn new skills in training, then study and apply those skills in their own businesses before returning to the next class.

    Space is limited to the first 30 attendees. To register online or learn more about the PDPW Financial Literacy for Dairy and lodging options during the training, visit or contact PDPW at 1-800-947-7379.

    Professional Dairy Producers (PDPW) is the nation's largest dairy producer-led organization of its kind, focusing on producer professionalism, stakeholder engagement and unified outreach to share ideas, solutions, resources and experiences that help dairy producers succeed."