Workers expect their defined contribution plans to play a greater role in their retirement income than annuities.
WOOSTER -- A meeting to explain the 2014 Farm Bill dairy program is scheduled for Sept. 15 in Wooster. The program begins with registration at 9:30 a.m. and will conclude at 3 p.m.
The 2014 farm bill has made changes in the dairy program. New in this farm bill is a dairy risk management program that is called the Dairy Margin Protection Program. It will use a combination of national milk price and national feed cost to determine if a payment will be made. All dairy farmers will need to make a decision whether to participate or not in the program. If a farm decides to participate, then an additional decision must be made indicating at what level the farm will participate.
Regional meetings have been scheduled at three locations within the state to explain the basics of the program, introduce dairy farmers to the terminology used in the program and begin conversations about how each farm will make a decision about participation or non-participation in the program. The meeting for the local region of the state will be held on Sept. 15 at the Shisler Conference Center on the OARDC campus in Wooster. Program presenters include: Cameron Thraen, associate professor in the Department of Agricultural Environmental and Development Economics at The Ohio State University and specialist in dairy policy and marketing, Dianne Shoemaker, dairy production economics field specialist with OSU Extension and Shelly Odenkirk, county Executive director of the Wayne County Farm Service Agency.
Pre-registration is requested to the Wayne County Extension office by Sept. 8. Registration is $15/person and includes morning refreshments, lunch and handouts. A flier containing program details and a registration form is available on the Wayne County Extension website at: http://go.osu.edu/agwayne, or contact the Wayne County Extension office at 330-264-8722.
Sponsors of the Wooster location meeting include Farm Credit Mid- America and First National Bank.