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SUMMARY

Making good decisions during the current upswing

Sound decision-making now will lay the foundation for how your operation will fare in the next downturn.
August 19, 2022
Brad Guse and Sam Miller

Generally speaking, dairy producers are posting healthy margins right now. May milk prices were the highest on record, and 2022 prices are shaping up to be the highest ever, breaking the record set in 2014.


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Quality feed cost focuses on weather

Evaluate your forage needs for 2022-23 now and choose one of four options to guide your plan to quality forage.
August 18, 2022
Michael F. Hutjens

Predicting feed costs for 2022-23 is like predicting weather in July and August. Feed costs will be influenced by moisture conditions, degree days, delayed planting and delayed harvesting of legume/grass forages.


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1122pd bernhardt fg1

Why aren’t my ‘great ideas’ happening?

June 30, 2022
Kevin Bernhardt
If I had followed through with various ideas I have had in my lifetime, I would be an owner of a vineyard, bookstore and creamery; have my pilot’s license; have started my family history book; and have a restored 1971 Chevelle Super Sport in my garage.
Read More

When it is time to sell your production, remember you are driving the bus

June 17, 2022
John Blanchfield and Heather Malcolm
Editor’s note: John and Heather are not providing legal advice. They are sharing what they have learned from their years as bankers working with farmers and ranchers. This spring, the ag press has been filled with breathless articles about the future direction of commodity prices.
Read More

Considerations to make before adding an enterprise on your operation

May 11, 2022
Kelli Boylen
Many producers have considered adding another enterprise to their operation – different livestock, value-added products, new crops, etc. But how can you know if this new idea will work on your farm?
Read More

Business strategies for dairies in an economic reset

March 31, 2022
Bev Berens
The decade of 2020 has already been a financial and emotional roller coaster. David Kohl, professor emeritus, Virginia Tech University, suggests the next decade will be a turbulent ride of extreme economic volatility.
Read More
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Questions producers should ask their nutritionists given the current state of feed inventory in the U.S.

February 23, 2022
Mac Campbell and Jay Giesy
Weather, fluctuating commodity prices and now supply chain disruptions have and will continue to present challenges for dairy producers and nutritionists when sourcing feed ingredients.
Read More

Consider tax consequences when gifting ag commodities to children

February 8, 2022
Roger McEowen
For farm parents, gifts to children may take the form of agricultural commodities. Such transfers may be done to shift income to minor children to take advantage of their lower tax rates, assist with a child’s college costs or be made in exchange for the child to support the donor-parents.
Read More
0322pd lusk business plan

Business planning: The road map to your dairy operation’s future

February 7, 2022
Kylie Lusk
If you are looking for ways to improve your bottom line and develop a road map for your future, creating a business plan may be the right move for you. Business planning is essential for all successful businesses, including dairy operations.
Read More
cows eating

Using a feed additive audit to control feed costs

February 7, 2022
Dan Smerchek
On the modern dairy operation, feed costs are the highest input expense, making up 40% to 60% of all expenses.
Read More
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