Mindfulness - Creating a culture of calm
It’s a fast-paced, frantic world we live in and there will be times when all you want to do is crawl...
Think of it like fixing your mortgage interest rates, only you’re fixing your milk price. You can choose how many kgMS you fix, and you can choose the type of product you want to use based on your appetite for risk. Milk Futures are not about speculating or taking a punt. Used in conjunction with fixed interest rates and contract prices for feed and other farm supplies, they can help lock in some cashflow certainty in uncertain times.
With our unique staff mix of dairy farmers, dairy industry specialists, and top class tax consultants, Staples Rodway can be your go-to team for assisting you with the process of purchasing Milk Futures. There are costs involved, and we have created a tool to easily help you forecast how a Milk Futures scenario will affect your cash flow, so that you can make a well-informed decision as to the benefits of using Milk Futures to provide some certainty around the income side of your business.
Right now, we’re seeing 2018-2019 season prices at $6.05/kgMS (trending down), and 2019-2020 prices holding steady at $6.00/kgMS.