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Money

Make 2025 the year of cash flow budgeting and projected earnings

While the cash flow answers the questions of when, where and how will cash move in your business, the earnings statement addresses how profitable your business is.
January 16, 2025
Brad Guse

During the farm crisis of the 1980s, the term “cash flow is king” drove home the importance of using cash flow to pay debt. That’s still important as we continue to ride the cycles of the industry, but a projection of earnings is equally important. As the calendar transitions to 2025, dive into the question of why both are valuable.


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December WASDE report forecasts lower milk production

The milk production forecast for 2024 is lowered from last month, with lower milk cow inventories and lower expected milk per cow based on the most recent Milk Production report.
January 15, 2025
Audrey Schmitz

The USDA’s World Ag Supply and Demand Estimates (WASDE) report offers forecasts for dairy, beef and feedstuffs.


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Building the best team for dairy production performance goals

Running a successful dairy comes with its own unique challenges. A sharp focus on finance backed by the support of an engaged and invested team is key to success.
January 14, 2025
Abbie Rose

A strong profit team can be the key to taking control of your farm’s success, no matter the size. With the right people at the table and a clear plan in place, you’ll be well on your way to achieving your business goals.


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The secret sauce of successful farms

Common characteristics among top-tier farms include having a shared vision and set of values, staying focused on goals, practicing accountability, avoiding procrastination, building trust within their team and effectively managing data to make management decisions.
January 1, 2025
Tim Schaefer

Sometimes, we look at neighboring farms that seem to have a “secret sauce” to their success. But just like great barbecue, there are no shortcuts and no single secret sauce recipe. Success on these top-tier farms is a series of repeatable elements that work together.


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Are your goals good enough?

To develop effective goals in your personal life and business, consider developing a timeline, communicate group goals with everyone involved and follow the SMART goal process.
December 30, 2024
Emily Krekelberg

Goal setting is important to both personal and business success. Goals help us work toward desired results and provide a point of guidance. They can be aimed at short-term issues, long-term projects and everything in between. No matter what type of farm you have or what stage you or your farm are at, goal setting is important. There are several questions to consider when setting goals.


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Manure management and planning for the year ahead

When looking at manure management in the new year, dairy producers should weigh the benefits of hiring a professional to do the work.
December 26, 2024
Katie Kelderman

Producers can limit their risk exposure to costly mistakes in manure application by finding a custom application company that has the experience and knowledge to responsibly complete the job. A professional in the industry would have the proper equipment for your dairy operation, the range of knowledge needed for success and the capacity to get the job done in a timely fashion.



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Buy your employee a cow: Empowering your team for long-term success

December 24, 2024
Ester de Groot

This time of year offers a unique opportunity for reflection – both looking back at the successes and challenges of the past year and setting your sights on the future. It's a moment to evaluate your business from all angles and ensure it’s aligned with your long-term goals.



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Dairy risk management calendar: January 2025

Progressive Dairy provides monthly online updates of important dates, reports and advice affecting risk management decisions.
December 23, 2024
Jenn Coyne

The 2024 year ended with Class III prices showing more traction in December than in previous months as cheese and whey protein prices improved, and Class IV prices remained elevated to reflect strong market conditions.


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Dairies big and small are likely to return to profitability in 2025

While commercial dairy farms of nearly all sizes are expected to return to profitability in 2025, the correlation between farm size and profitability has never been clearer.
December 18, 2024
Aidan Connolly

The latest Zisk report projects profitability on dairy farms for 2025. It shows that U.S. dairy producers are expecting a profitable next 12 months, but as with previous reports, the picture isn’t equally as rosy for all producers.


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[Podcast] Dwayne Faber: Keeping employees motivated and engaged when managing dairies from afar

December 17, 2024

Join host Kimmi Devaney as she chats with Oregon dairy producer and Progressive Dairy columnist Dwayne Faber about moving his dairies to another state, how he keeps employees motivated when he cannot always be there, the qualities he looks for in key employees and what has surprised him most during the transition from managing two farms nearby to managing them from afar.


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