March 30 2022
In just two years, Dairy Farmers of America (DFA) transformed itself from selling over one-half of its members’ milk to third-party processors to processing two-thirds of its own milk
Jan. 14 2022
Running a dairy farm means there is a lot to think about . . . animal health and welfare, nutrition and production, labor issues, finances and capital investment decisions, controlling costs
Jan. 13 2022
Despite all the challenges the pandemic brought to 2020 and 2021, overall farm income ended up looking better than one might expect
Sept. 2 2021
The combination of higher feed costs and falling milk prices induced the largest payments so far this year for USDA’s dairy insurance program
Sept. 2 2021
When considering the acquisition of a long-term asset, a farmer is analyzing a capital investment. Dairy farms have multiple and diverse situations in which a capital investment needs to be evaluated
Aug. 15 2021
In my April 25, 2021, column titled, “Keep an eye on the five major farm risks,” I introduced the “Five categories of risk” that farmers face
March 4 2021
Oklahoma State University created a model that compares business and estate transition strategies and the probability of success
Nov. 16 2020
Dairy farming is increasingly characterized by growing farm sizes and more levels of uncertainty
Nov. 5 2020
“We really like the dairy business, so we want to stay in it.”
Sept. 14 2020
What makes a dairy profitable? There are many potential answers, but one in particular rose to the top in Cornell University’s recently completed Dairy Farm Business Summary. It’s what Cornell...
Sept. 14 2020
The current economic context implies a high level of market uncertainty. But overall, the farm economic climate is better than expected. The CME/Purdue “Ag Economy Barometer” reports that...
Sept. 10 2020
Many farmers have likely been taking a closer look at and using a sharper pencil with their financial information over the course of the pandemic
Sept. 3 2020
It’s easy to agree that these are unprecedented times and that the pandemic has thrown the nation and world into dire economic straits
Aug. 17 2020
Since June 2019, 580 American farms filed for Chapter 12 bankruptcy according to the American Farm Bureau Federation
Aug. 13 2020
The novel coronavirus disease (COVID-19) continues to impact communities across the country, the broader economy, and impacts farmers and the lenders who loan money to them.
Aug. 13 2020
While producers have until the end of August to sign up for Coronavirus Food Assistance Program payments, only $7 billion has been awarded to 521,853 applications as of August 10
Aug. 6 2020
The market volatility of the COVID-19 pandemic has forced many farms to take a closer look at their financial statements and, in some cases, wish they would have done things differently
May 26 2020
What can small dairy farms learn from fellow small businesses outside of agriculture?
May 25 2020
With the turmoil of dairy markets the past few months, farmers may likely be looking a bit deeper into their balance sheets and income statements for 2020
May 21 2020
Making informed decisions is a key business component for any farm. This is true more than ever in the tumultuous world of the COVID-19 pandemic