Making Risk Management
Work for Farmers
How the dairy industry can reduce farmers’
exposure to market risks
A joint IFA/FCStone
conference for dairy
industry stakeholders
The Heritage Hotel,
Killenard, Co. Laois,
Wednesday 4th May 2016
Making Risk Management
Work for Farmers
How the dairy industry can reduce farmers’
exposure to market risks
Heritage Hotel, Killenard, Co. Laois
Wednesday 4th May 2016
PROGRAMME
9.30 am
Registration and coffee
10.00 am
Opening by IFA President Joe Healy
10.15 am
Session 1 – What drives extreme volatility – Chair Liam Fenton, FCStone
Drivers in dairy markets
Michael Keane, UCC
Drivers in input markets (feed, fertiliser, energy)
John Lancaster, Senior Analyst, FC Stone
10.45 am
Q&A
11.05 am
Session 2 – Why and how to manage the risk of volatility - Chair Brendan Gleeson, Assistant
Secretary, Department of Agriculture, Food and the Marine
Why and how to manage risk
Charlie Hyland, Senior Risk Manager, FCStone
11.20am
Q&A
11.45 am
Session 3 – How it works in the US – Chair Aaron Forde, Chairman, Ornua and CEO, Aurivo Co-op
My personal experience with US risk management instruments
Joe Thome, Dairy Farmer, Redtail Ridge Dairy, Malone, Wisconsin
12.30 am
Q&A
1.00 pm
LUNCH
2.15 pm
Session 4 – Risk management in Ireland today – Chair TJ Flanagan, DG, ICOS
Developing risk management capacity for the industry – Ornua’s role
Bernard Condon, Director of Dairy Trading and Ingredients, Ornua
2.45pm
Session 5 – Round Table: Developing an Irish model for risk management
Brendan Gleeson, Department of Agriculture; Charlie Hyland FC Stone; Bernard Condon, Ornua;
TJ Flanagan, ICOS; Sean O’Leary, IFA; Joe Thome, US dairy farmer.
MC: Jack Kennedy, Dairy Editor, Farmers Journal.
4.00pm
Close and conclusion by IFA National Dairy Committee Chairman Sean O’Leary