March 27 2023
In a recent publication in the Journal of Dairy Science, a group of scientists from Cornell University highlighted the importance of financial resiliency to manage economic risk in dairy farm businesses
March 2 2023
A farm transition is a serious investment into the future of the business. It must also be an investment into the future of both the outgoing and incoming generations
July 19 2022
Dairying provides many little instances of joy
May 30 2022
Being in an unproductive meeting is frustrating for all involved. When no one feels like they are being heard, attendees think their time is being wasted
Sept. 3 2021
In a farm business, planning for an owner’s later years is an important aspect of a farm succession plan
March 4 2021
Oklahoma State University created a model that compares business and estate transition strategies and the probability of success
Jan. 7 2021
In a perfect agriculture world, farms would pass seamlessly from one generation to the next
Dec. 28 2020
By planning early for succession, farm owners have the chance to minimize debt, put plans in place in case of an unexpected death or accident, and pass on the knowledge necessary so the next generation...
Dec. 7 2020
It’s almost time to ring in the new year. Now is the time that farmers need to be collecting, tracking, and using information to prepare for the end of 2020
March 30 2020
“When things go crazy, what do you do? Does your team come together or fall apart?” Michael Hoffman asked those questions during his presentation at the Professional Dairy Producers of Wisconsin’s...
Oct. 30 2017
Previously, a financial analysis system call “DuPont” was introduced that assesses profitability through three primary levers
Sept. 27 2017
‘Tis the season for sleepless nights, stress, and quality corn silage
Sept. 25 2017
Profitability can be sliced and diced in a variety of ways to analyze how well a business is doing, what is being done well, or where there are challenges. A financial analysis system called “
Aug. 25 2017
With no family farm to call home, Adam Borchert of Tree-Hayven Holsteins started his future in the dairy industry by renting a farm in Auburndale, Wis., in 1998
May 15 2017
It’s been over two months since the 2017 Western Dairy Conference was held, but my brain is still thinking about something one speaker said: “Fifty percent of U.S. dairies will change ownership
April 25 2017
Not too long ago, my siblings and I finalized our late parents’ estate. It has been a long journey from the time our mother passed away six years ago. Eighteen months later, we moved our dad o
April 20 2017
My brother and I are the third generation to farm the land on our home farm in Dearing, Ga. We are in the “teaching phase” of our business with my daughter and nephew both deciding they wanted...
March 25 2017
Transferring a dairy farm to the next generation can be complicated. No one wants to make it difficult; however, there are a lot of assets on the balance sheet. Terms and agreements in writing m
Jan. 25 2017
as dairy producers continue through the second year of very slim or negative margins, I am sure many of you are feeling rather discouraged. I have never been a dairy farmer, so I cannot speak from experience
Nov. 7 2016
We received the following letter from a dairy farmer after reading Dr. Charles Gardner’s article, “They deserve to know the business plan.”