Business Management - Articles - Page 31

October DMC margin hits 10-month high at $9.44 per cwt

Overall U.S. average feed costs were lower and milk prices were up, pushing the milk income margin to the highest level since December 2022.

December 1, 2023

Dave Natzke

The USDA National Agricultural Statistics Service (NASS) released its latest Ag Prices report on Nov. 30, including factors used to calculate October 2023 Dairy Margin Coverage (DMC) margins and indemnity payments.

Big dairy decisions made easy with big data

Big data and the development of dairy models have allowed researchers to better understand how dairy cows have changed over time, helping producers make more informed decisions for their operation.

December 1, 2023

Veridiana Daley

“Big data,” a term that can be defined as enormous amounts and various types of data that can be used to analyze patterns, trends and associations, has allowed researchers to better understand how dairy cow health, growth and milk production have changed over time.

Dairy risk management calendar: December 2023

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

November 27, 2023

Dave Natzke

The Dairy Margin Coverage (DMC) program has been extended into 2024. Watch for enrollment details.

Economic Update: December 2023 Class I base price steady

Dairy cow culling remained slower in October and average farm wages were up.

November 27, 2023

Dave Natzke

Here’s an update on economic factors impacting your dairy finances as November 2023 comes to a close.

Economic Update: Ag loan interest rates nearing 9%

October’s Dairy Margin Coverage (DMC) program margin will be announced next week.

November 21, 2023

Dave Natzke

Here’s an update on economic factors impacting your dairy finances entering the final week of November 2023.

Sometimes it takes a leap of faith

Developing an exit strategy when transitioning the farm to the next generation includes setting exit goals, assessing financial and mental readiness, identifying exiting owner type, selecting an exit option, understanding the value of this option and executing the exit strategy plan.

November 21, 2023

Mark Sherin

It has been said that everyone should have two exit plans. One for where they control each of the circumstances, including their health, timing, business cycles, needs of the next generation, etc. and another plan for when the circumstances are the boss.

Get healthy, get happy: 2023 Si-Ellen Farms health fair success

Si-Ellen Farms hosts a health fair event for their employees to give them a general overview of health providers in their community and what they could be seen for.

November 21, 2023

Audrey Schmitz

Si-Ellen Farms hosts a health fair event for their employees to give them a general overview of health providers in their community and what they could be seen for.

Nurturing your feed team: Four essential foundations for feeder excellence

Four critical foundations underpin successful nutrition programs: safety, accuracy, consistency and communication.

November 17, 2023

Travis Thayer

In the realm of dairy farming, a cow's daily routine plays a pivotal role in her well-being and productivity. Cows thrive on consistency, particularly when it comes to their dietary needs.