Transitioning family farms is a process that takes time and sometimes can come to a standstill

If you know me, you likely know I am originally from Argentina. One characteristic of people from Argentina is that they frequently use metaphors to describe circumstances

Financial risk and resiliency are topics on everyone’s mind. These issues leap into the forefront during tax season

The thought of creating a business plan for your farm can be daunting, but this document serves several important purposes. For starters, it may be required by a lender when applying for financing. It...

One element of farm profitability is generating more revenue from the possessions you already own

Inflation seems to be everywhere in the economy today. The Consumer Price Index, a broad-based measure of inflation, has risen by nearly 9% over the last 12 months

For New York dairy farmer Skip Hardie, the last several years can be summed up in one statement. “Our farm went through financial hell for the last six-plus years as I'm sure a lot of your listener

dairy producers are seeing record milk prices due to strong worldwide dairy consumption and milk production not quite able to keep up with that demand. Inflation and many world events are painting an

Dairy farming has always been a capital-intensive business. There are a lot of fixed investments required to run a dairy farm as detailed in my March 2022 column

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

The combination of higher feed costs and falling milk prices induced the largest payments so far this year for USDA’s dairy insurance program

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

Many farm families need their farm assets to fill three buckets: business assets, retirement assets, and inheritance assets

Every business likely knows its cost of production, and a dairy farm is no different

While bank standards for assessing loans haven’t changed, the risks associated with dairy operations certainly have changed during the pandemic

Leaving potential money on the table is something no farmer wants to do. Most often, we hear this fear in terms of risk management — it’s easy to put off locking in milk prices, or even feed...

If volatility has been the defining characteristic of the dairy industry during the last few decades, 2020 was one for the record books

“Three questions can come from this view of the ag cycle,” said Kevin Bernhardt, extension farm management specialist and University of Wisconsin-Platteville professor

Recently, I attended one of the many webinars available these days. By the end of the presentation, the speaker mentioned that the debt at a dairy can sometimes escalate to $12,500 per cow

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