Congratulations to Dr. Ken Bailey for his new appointment to the FCStone Group, Inc., a commodity risk-management firm. Dr. Bailey has joined the firm as a full-time consultant and broker. Dr. Bailey specializes in advising and executing risk management strategies for processors/dairy buyers to hedge their dairy component risks, and has previously served as a consultant to FCStone and, before that, to Downes-O’Neill prior to its acquisition by FCStone in 2008.
Dr. Bailey’s deep expertise in the dairy sector reflects his prior service as a Professor of Agricultural Economics at Penn State University, where he developed educational programs in the area of dairy markets and policy.
“With his extensive expertise and unique perspective on the U.S. dairy industry, Ken has been a vital contributor to our firm, and having him join us in-house will provide additional benefits to our customers,” said Tom Gaughan, Vice President of the Food Service Division at FCStone. “The current economic environment makes it critical for dairy farmers, producers, processors, and investors to be informed on the latest trends and issues. Ken’s historical knowledge and understanding of dairy market supply and demand factors is itself an extremely valuable commodity for our clients.”
“The growing demand for specialized dairy consulting services has made this the perfect time for me to join FCStone full time,” said Dr. Bailey. “Our clients value our in-depth expertise and our ability to provide strategies that help offset the ups and downs of the markets and their businesses. I look forward to my new role and dedicating more time to helping the firm’s clients.”
Dr. Bailey holds a Ph.D. in Agricultural and Applied Economics from the University of Minnesota. He also writes The Bailey Report, a monthly FCStone publication focusing on dairy market trends and products.