Recently, I was lecturing about the Dairy Margin Coverage (DMC) program in my dairy enterprise management class when a student asked how farmers can obtain their own feed costs in a simple and fast way

Decades of financial advice will offer the same conclusion to the question, “How much cash does a dairy need to have on hand?”

The dairy industry is in a much better financial position today than anyone would have thought back in late March when the COVID-19 pandemic was beginning to create unprecedented effects across the country

$17.65 — that was the average cost of production for 283 dairy farms enrolled in the Minnesota Farm Business Management (FBM) project in 2019

Where do you stand? This is a typical opening question I ask farmers when evaluating their dairies

“If you happened to max out on Dairy Margin Coverage (DMC), are going to receive Coronavirus Food Assistance Program (CFAP) payments, you did Dairy Revenue Protection (DRP), or are locked in at a...

Farmers and ranchers who are feeling the financial impacts of the current COVID-19 situation have been eagerly waiting for more details about the Coronavirus Food Assistance Program (CFAP)

A farm’s “balance sheet” is a financial statement that is a snapshot in time

Here we are on the upward swing of the commodity price cycle roller coaster.Time to take a deep breath — yes

“With the way the economics have been in the industry the last couple years, you better have a strong relationship with your lender,” advised Scott Benner

The challenges faced by dairymen and dairywomen are downright dire down on the farm

Assets, liability, and equity all are reached new highs, based on data from USDA’s Economic Research Service

Given the current dairy economy, most among us may have the feeling that farms that have minimized debt in recent years has allowed them to survive the current crisis

When someone mentions that a business is “profitable,” people assume they know what that means. However, we shouldn’t casually make this sort of judgment call

A financial analysis system called DuPont assesses profitability through three primary levers: 1. Asset utilization 2. Efficiency 3. Leverage