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Dairy real estate values: Navigating trends and turbulence for financial success

Appraised values rebounded in 2023 with a 22% surge in value compared to 2022. Rising construction costs elevated per-stall values, while land values near dairy facilities have consistently risen due to competition within the industry and due to external factors.
January 5, 2024
Jay Retzer

In the realm of capital and collateral, the appraised value of dairy real estate, including specialized facilities, takes on great importance.


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Happy New Year: Time to start making smart tax moves in 2024

Gifting and planning strategies for producers to utilize the current high lifetime estate and gifting exemption while saving on taxes.
January 4, 2024
Martin Johnson

Now is the time to start early and take advantage of some strategic opportunities to save on taxes for both you and your family this year.


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Economic Update: Lots of dairy numbers to start the new year

Concerns over higher interest rates, input inflation and supplies are subsiding.
January 3, 2024
Dave Natzke

Here’s an update on economic factors impacting your dairy profitability during the first week of January 2024.


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Be SMART about stress in your business

Sleep, exercise, proper nutrition, rest and positivity can protect against the damaging effects of chronic stress.
January 3, 2024
Michele Payn

What are some of the symptoms of chronic stress that you need look for in yourself, friends, family or employees? Watch for social withdrawal, daily use of drugs/alcohol, agitated body language, change in sleeping patterns, racing heart, headaches, not eating, loneliness, always being tired, change in farm or vet clinic appearance, and constant overwhelm. 


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November 2023 DMC margin moves above indemnity trigger

Small changes in the U.S. average feed cost and milk price were enough to push November’s Dairy Margin Coverage (DMC) margin higher.
December 29, 2023
Dave Natzke

The USDA National Agricultural Statistics Service (NASS) released its latest Ag Prices report on Dec. 29, including factors used to calculate the November 2023 Dairy Margin Coverage (DMC) margin.


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Managing medical bills for farmers: A guide to negotiation and assistance

Proactive measures before the medical procedure along with closely examining the bill for errors or price gouging and then working with an advocate if needed can help farmers avoid medical debt.
December 29, 2023
Braden Pan

There are solutions that can help farmers avoid medical debt. From negotiation to financial assistance, there are options, but where do you begin?



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Navigating labor costs: Leveraging technology for efficiency

Key considerations for implementing on-farm technology to optimize labor efficiency include assessing how the investment aligns with capital plans and long-term goals, team communication, training requirements and the impact on cow flow, facility layout and maintenance.
December 28, 2023
Jim Moriarty

Dairy farmers are continuously seeking ways to manage labor costs efficiently while maximizing productivity. The adoption of new technologies has emerged as a key strategy for enhancing cow care, milk production and overall work efficiency.


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Dairy risk management calendar: January 2024

The 2024 Dairy Margin Coverage (DMC) program enrollment period should be announced soon.
December 27, 2023
Dave Natzke

Progressive Dairy provides monthly online updates of important dates, reports and factors affecting risk management decisions.


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The importance of fire drills on the farm

The risk of a fire on your farm cannot be wholly eliminated, but with careful planning and practice, you can ensure – if the day ever comes – that the fire’s impact will be as small as possible.
December 22, 2023
Cheryl DeCooman

Fire is your farm’s enemy, one that can change your life and the lives of your family and employees in a flash. It is crucial to know what the hazards are on your farm, how to prevent fires and what to do in the event of a fire.


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The four-part financial package that rebuilt a lender’s trust

When combined with an actionable plan, a cash flow statement, current budget, projected budget and regular progress reports are four documents that can help to rebuild trust with a lender.
December 21, 2023
Pauly Paul

Trust. It’s the glue that holds together the relationship between the bank and the borrower. And just like any other relationship, trust can take years to build through communication, setting expectations and following through.


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