Ranchers currently have exciting opportunities, but it’s important to position yourself appropriately. Operational costs as well as the price of critical inputs for cattle – such as feed and labor – have increased in recent years. To build a sustainable operation, ranchers should take advantage of the current market to develop financial resilience and thoughtfully manage risks.

A new digital platform to access capital aims to quickly finance dairy farm projects up to $2.5 million in value and do so in days, not weeks.

In a room filled with dairy producers, processors and customers, farmer Mitch Breunig looked around and announced, “I’m really impressed with how many people care about sustainability. … Everyone is this room is here because of the dairy cow, and improving the dairy cow is going to be the path to make this sustainability journey come together.” 

The current business climate of high interest rates and ongoing inflation is challenging. It requires business owners to be proactive and strategic with cash management, debt management and requires an overall increased focus on every aspect of the business.

What’s the value of cropland in your state? Progressive Dairy provides its annual look at state cropland values, ranked by value per acre, as well as cropland rent per acre and annual rent as a percentage of average value.