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Dairy risk management calendar: November

Progressive Dairy provides monthly online updates of important dates, reports and advice affecting risk management decisions.
October 24, 2024
Jenn Coyne

Milk futures remain high as feed costs drop to levels last seen in 2020, yet other market pressures such as lower butter and cheese prices and waning holiday demand, as well as recent milk production reports revealing gains for the first time in more than a year, complicate the matter.


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Succession planning on family-owned dairy farms: The importance of the off-farm perspective

Understanding what each party involved in a farming operation desires is key to reaching an agreement.
October 17, 2024
Andy Leach

Working together, the family was able to have discussions about how the farm could utilize its cash flow to find a combination of saving, borrowing, insuring and gifting assets to nonfarming children at the optimal times to have maximum impact on their lives while also having a minimal impact on farm operations.


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Maximize your team meeting outcomes before they start

Assessing personality and communication styles, developing a realistic agenda for the time allotted and finding ways to make them something people look forward to will increase the effectiveness of employee meetings and advisory team meetings.
October 16, 2024
Kris Malinov and Gabe Papoi

It pays to get the most out of farm meetings because animal well-being and productivity are usually involved. Whether discussing nutrition plans, health protocols, farm management strategies and more, our experiences point to one overarching factor that maximizes meeting time: preparation.


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Dairy producer finds value in synchronized data

October 15, 2024
Karen Lee

With multiple data sources collected in a single platform, dairy producer Allan Kutz is able to see more information in less time. In particular, he is better able to see how his fresh cows are performing by days in milk (DIM).


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USDA projections provide mixed news for dairy’s bottom line

Large crops and lower feed costs could help partially offset a dip in milk prices as dairy producers look to close out 2024 and plan ahead for 2025.
October 14, 2024
Audrey Schmitz

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


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Tackling a digester project: Tips for dairies

Whether an anaerobic digester is in your farm’s near or distant future, use this advice to prepare for the process.
September 30, 2024
Renee Schrift

While investing in an anaerobic digester can have many advantages, dairy farmers have much to consider as they embark on these projects. Use the following tips to help ensure your anaerobic digester journey is successful.


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Dairy risk management calendar: October

Progressive Dairy provides monthly online updates of important dates, reports and advice affecting risk management decisions.
September 26, 2024
Jenn Coyne

The outlook for dairy producers continues to be strong for the remainder of the year, despite milk futures retreating some – albeit still high compared to less fruitful years – and an anticipated high-yielding 2024 harvest. October’s income-over-feed cost projections remain in dairy producers’ favor for a profitable month with the margin just shy of $16 as of Sept. 24.


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The mindset of margin management

Culture, labor and feed costs, risk management and revenue management are key considerations when managing margins on a dairy farm.
September 26, 2024
Brad Guse

Whether we’re at the high point of a cycle or in the depths of a downturn, the best managers regularly manage their margins. They understand that margin management is an “always” mindset, one that builds stronger positions during the good times so they can get through the bad.


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Points to consider before transitioning your dairy business to a beef operation

Creating beef-on-dairy calves can add additional revenue to your dairy operation, but if considering transitioning from a dairy operation to beef enterprise, there are several points to consider. This includes nutrition management, evaluating handling facilities, stockmanship and more.
September 18, 2024
Bill Halfman and Ryan Sterry

The beef and dairy industries have long been interconnected, and all dairy producers are beef producers through the sale of market cows, bull calves and beef-on-dairy crossbred calves. Taking this one step further, we want to explore a few of the observations we have made as dairy producers have added a beef enterprise to their dairy operation or made the transition out of dairy.


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A bad day doesn’t mean a bad life

One couple shares their story of resilience through mental health challenges and a heart attack with the hope of helping others.
September 17, 2024
Michele Payn

I’ve heard from several dairy farmers that they don’t know how much longer they can hold on. I’ve watched families struggle to keep a dream alive at the demise of the family. And I’ve seen individuals suffer because they didn’t think there was life after dairy farming. Now seems like the right time to illustrate a story of a dairy family who overcame greater challenges than most of us will ever face.


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