Whether you are a beginner, an expert, or simply want to test your knowledge, the information below is for you if you have an interest in risk management. For any questions or if you’d like to see additional information, don’t hesitate to contact Tiffany LaMendola.

• Module 1: Introduction
• Answer key to Module 1
• Module 2: Futures and Options
• Futures and options lingo: a glossary
• Basis calculation for California dairy producers
• How do margin calls work?
• Module 3: Forward Contracting
• Additional information on forward contracting
• Answer key to Module 3
• Why forward contracting is not practical for California dairy producers
• Module 4: Margin Protection Program
• How does MPP work?
• Scenario analysis for two hypothetical California dairies [ File1 | File2 ]