April 20 2020 08:03 AM

Updated April 21, 2020, at 10:30 a.m.

On Friday, April 17, USDA Secretary Sonny Perdue announced a sweeping relief package that includes $2.9 billion in direct payments to dairy farmers and $100 million in monthly purchases of excess dairy products. The Coronavirus Food Assistance Program was developed to address the “demand destruction” that is wreaking havoc on agricultural markets.

That destruction as it relates to dairy product markets will be addressed in the next DairyLivestream broadcast on Wednesday, April 22 at 11 a.m. (CDT).

Special guests for the episode will be Chad Vincent, CEO of Dairy Farmers of Wisconsin, and John Talbot, CEO of the California Milk Advisory Board. This duo will share insight on how the nation’s two largest dairy promotion groups are working to help coordinate dairy supply chains and divert dairy products to areas of greatest need and demand.

Register for the event and email reminders here.

DairyLivestream is a special series of web meetings featuring expert perspective from dairy economists and leaders. The panel presentations and discussions are designed to be conversational in nature to address producer concerns around the many recent changes in dairy markets.

The first DairyLivestream on April 15 brought together dairy economists Mark Stephenson of the University of Wisconsin-Madison and Andy Novakovic and Chris Wolf, both of Cornell University, to tackle the topic of milk dumping in regard to the market. Hoard’s Dairyman managing editor, Corey Geiger, moderated the discussion on market mechanics, which can be viewed here.

The focus of these economists this week will turn to how dairy products are being moved to those who can use them. They will be joined by Vincent and Talbot to discuss solutions being implemented now.

The presentation portion of the event will be approximately 30 minutes, then the panelists will answer audience questions. You may submit questions ahead of time by emailing editors@hoards.com.

An ongoing series of events
DairyLivestream will continue to dissect various aspects of the dairy markets over the coming weeks. Join us each Wednesday at 11 a.m. (CDT) to hear from dairy leaders and experts. Registering for one event will register you for every week.

To comment, email your remarks to intel@hoards.com.
(c) Hoard's Dairyman Intel 2020
April 20, 2020
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