The dairy financial situation: taking charge in challenging times

Friday, July 17, 2009

This is a turbulent, trying time for the US dairy industry, with the dynamics of the global economy impacting dairy farm owners and agri-businesses. Through no fault of their own, dairy owners may be facing a financial crisis.

ISU Extension invites dairy producers, bankers & lenders, and community leaders to an informational meeting to learn about financial and legal options available to dairy farm owners, and about stress management strategies and resources for farm owners and their families. Speakers will include John Baker, Attorney at Law, Iowa Concern Hotline; Erin Herbold, Legal consultant, Center for Agricultural Law & Taxation; and ISU Extension Specialists in Farm Management, Dairy, and Family Life.

The workshops will address these topics:

*"What is going on in our dairy industry?!"
*What are my financial options and strategies? How do I talk to my banker about my situation?
*What legal options and strategies do I have?
*Making good decisions during stressful times: What tools are available to me and my family?
*What should I tell the kids?

Three sites and dates are offered in NW Iowa:

July 28 - Forster Community Center, 404 1st Ave, Rock Rapids -- 1-4pm

July 29 -- ISU Extension- Sioux County Office, 400 Central Ave NW, Orange City- 1-4pm

July 30 - Lohff Community Center, Corner of Hwy 59 & Hwy 20, Holstein- 1-4pm

Light refreshments and printed materials will be available; a $5 registration fee/farm will help cover costs. All are encouraged to pre-register by calling 712-737-4230, or by contacting Chris Mondak, ISU Extension Dairy Specialist at

Respond to this story

Posting a comment requires free registration: