1. Sheryl Doering Meshke Final Project MBC University of St. Thomas Fall 2004

2. Research question Does dairy herd size relate to shareholder communication preferences?

3. Objectives 1)Understand and quantify shareholder communication preferences 2)Incorporate preferences to improve effectiveness of AMPI shareholder communication

4. Methodology Paper-based survey mailed June 2004 63 questions Sent to 863 primary shareholders

5. Results 40% response rate Results are statistically representative of AMPI member farms

6. Shareholder Profile Communication Preferences

7. Shareholder Profile: Gender 85% of respondents are male 15% percent are female

8. Shareholder Profile: Herd size Herds range from 4 to 2,000 cows 86% milk less than 100 cows The average herd size among that group is 49

9. Shareholder Profile: Age % <30 30-39 40-49 50-59 60<

10. Shareholder Profile: Years of membership % <1 1-5 6-10 11-20 21-30 <30

11. Shareholder Profile: Elected representative 88% are not elected representatives 12% are elected representatives

12. Communication Preferences: Overall satisfaction with shareholder communication 91% are very or somewhat satisfied 9% are not very or not at all satisfied

13. Communication Preferences: Dairymen’s Digest magazine % Very Somewhat Not very Important Important Important

14. Communication Preferences: Manager’s Message newsletter % Very Somewhat Not very Important Important Important

15. Communication Preferences: AMPI Web site % Very Somewhat Not very Not Not Important Important Important Important Familiar

16. Communication Preferences: Web site satisfaction 71% are not familiar with site 29% have visited the site 24% are satisfied

17. Communication Preferences: Internet connection 57% don’t access the site 37% connect via modem 6% connect via DSL, satellite or wireless

18. Communication preference 72% prefer printed 6% prefer electronic 22% prefer other forms such as face-to-face

19. Research question Does dairy herd size relate to shareholder communication preferences?

20. Summary Members prefer printed shareholder communication Printed communication received a 90% satisfaction rating

21. Summary Gender, herd size and whether a shareholder is an elected representative are not indicators of communication preferences The exception is age, where members age 30 to 49 are most likely to use the Web site.

22. Sheryl Doering Meshke Final Project MBC University of St. Thomas Fall 2004