Average cost is approximately one-third higher than it was in 2006. The cost of making milk never seems to go down, a hard reality that data from the nation's largest dairy accounting firm drives home...
Last year went into the books as one of the best financial years for U.S. dairy farmers. However, as milk prices started to drop in November, balance sheets started coming closer to a breakeven point
"We've had a big decline to normalcy," stated Mark Stephenson of the University of Wisconsin-Madison when comparing milk prices from 2014 to 2015. "If you are concerned about milk prices this year, you...
The U.S. dairy industry continues to grow and change in many ways, but the actual number of dairy farms has been declining at a fairly steady clip. In fact, the only state to gain herds in 2014 was Pennsylvania....
Twenty-one billion dollars in gross domestic product (GDP), $65 billion in total sales "ripple effects," and a driver of 189,000 jobs are just three of the staggering impacts that dairying has on the economic...
Few topics have been debated as long or as passionately or as divisively as estate taxes. Or, as headline writers like to call them, "death taxes." U.S. estate taxes date back to 1797. For more than a...
While Dairy Farmers of America (DFA) may be the largest dairy cooperative, by international standards there are five farmer-owned entities that are larger than DFA, according to a survey published by Rabobank
Don't be fooled by the quick turnaround in Class III price futures the last two months. Milk producers aren't out of the woods yet, says a Rabobank analyst
by Amanda Smith, Associate Editor "Last year was a great year for dairymen," noted Mark Stephenson, University of Wisconsin-Madison, at the Midwest Forage Association's annual meeting. "Producers saw all-time...
Running a business has a lot to do with building and maintaining relationships, and for a farm, an extremely important relationship is the one with their lender. The foundation of that relationship is...
Strong production by most major dairy exporting nations during the second half of 2014 collided with weakening economies in much of the world to swamp global markets, cut demand, and trigger the rapid...
In the past several years, farm costs have continued to rise while producer shares of the final product have failed to follow suit, holding relatively steady during the last 15 years, according to USDA's...
Low prices for corn and other feed grains are expected to last for the rest of the decade, according to a recent forecast by a leading agricultural research group
Any way you slice it, Americans enjoy the safest and most abundant food supply in the world. The cherry on top of the ice cream sundae is that American farmers produce that food for our fellow countrymen...
It takes brains, dedication and determination to run a farm of any kind. It also costs money, and, in 2013, farmers spent even more than they did the year before. The USDA's National Agricultural Statistics...
The Class III futures market expects $18 prices in early 2015. May's Class III price announcement of $22.67 per hundredweight was just the start of what is likely to be more cuts. Announcement of the $1.74...
When you think of Iowa, you typically think of corn production. Or hogs. Iowa may not be known for dairy production, but don't tell the cows that. Each and every one of them contributes substantially to...
For eons, food has both brought a nation's people together and torn societies apart. As time has progressed, food production has become increasingly complex. Last week, Vox released a series of maps, charts...
"Although corn prices dropped dramatically during the fourth quarter of 2013, most other feeds rose in price which kept more profitable bottom lines just out of reach," reported the Frazer LLP certified...
Milk producers made tangible progress last year in their uphill battle to recover from the financial disaster of 2008-09, according to summary data from the largest dairy accounting firm in the country