March 1 2021
Every business likely knows its cost of production, and a dairy farm is no different
Feb. 22 2021
While bank standards for assessing loans haven’t changed, the risks associated with dairy operations certainly have changed during the pandemic
Feb. 18 2021
If volatility has been the defining characteristic of the dairy industry during the last few decades, 2020 was one for the record books
Feb. 18 2021
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...
Feb. 11 2021
“Three questions can come from this view of the ag cycle,” said Kevin Bernhardt, extension farm management specialist and University of Wisconsin-Platteville professor
Dec. 31 2020
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
Dec. 3 2020
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
Nov. 5 2020
Decades of financial advice will offer the same conclusion to the question, “How much cash does a dairy need to have on hand?”
Nov. 2 2020
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
July 9 2020
$17.65 — that was the average cost of production for 283 dairy farms enrolled in the Minnesota Farm Business Management (FBM) project in 2019
June 25 2020
Where do you stand? This is a typical opening question I ask farmers when evaluating their dairies
June 15 2020
“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...
May 21 2020
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)
April 23 2020
A farm’s “balance sheet” is a financial statement that is a snapshot in time
Jan. 13 2020
Here we are on the upward swing of the commodity price cycle roller coaster.Time to take a deep breath — yes
July 8 2019
“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
May 20 2019
The challenges faced by dairymen and dairywomen are downright dire down on the farm
Feb. 11 2019
Assets, liability, and equity all are reached new highs, based on data from USDA’s Economic Research Service
Jan. 28 2019
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
Oct. 29 2018
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