Extension News

The Dairy Financial Situation: Taking Charge in Challenging Times

7/17/2009

AMES, Iowa--This is a turbulent, trying time for the U.S. 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.

Iowa State University Extension invites dairy producers, bankers and 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 and 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?

The meetings will be offered in 10 communities. All are scheduled from 1 to 4 p.m. at the following locations:
July 28 - Forster Community Center, 404 1st Avenue, Rock Rapids
July 29 – ISU Extension- Sioux County Office, 400 Central Avenue NW, Orange City
July 30 - Lohff Community Center, corner of Highways 59 and 20, Holstein
Aug. 4 - Northeast Iowa Research Farm, 3321 29th Street, Nashua
Aug. 5 - Northeast Iowa Dairy Foundation, 1527 Highway 150 South, Calmar
Aug. 6 - Oelwein Public Library, 201 E. Charles Street, Oelwein 
Aug. 18 - ISU Extension - Dubuque County Office, 14858 West Ridge Lane, Dubuque
Aug. 19 - Elkader AEA Building, 1400 2nd Street NW, Elkader
Aug. 20 - ISU Extension - Jones County office/Jones County Farm Bureau, 605 E. Main, Anamosa
Aug. 21 - Freedom Security Bank, 402 B Avenue, Kalona

Light refreshments and printed materials will be available. All are encouraged to pre-register by calling Chris Mondak, (712) 737-4230, for northwest sites, and by contacting Dale Thoreson, (319) 267-2702, or Larry Tranel, (563) 583-6496, for norttheast Iowa locations.


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Contacts :

Christine Mondak , Field Specialist, (712) 737-4230, cmondak@iastate.edu

Dale Thoreson , Field Specialist, (319) 267-2707, dthores@iastate.edu

Larry Tranel , Field Specialist, (563) 583-6496, tranel@iastate.edu

Willy Klein, Extension Communications and External Relations, (515) 294-0662, wklein@iastate.edu