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Diversifying dairy revenue streams

Considerations and strategies for diversifying non-milk revenue streams, including feed, custom work, cull cow sales and beef-on-dairy.
January 30, 2024
Curtis Gerrits

While milk accounts for roughly 80% to 85% of our gross revenue on dairy farms, there’s untapped potential in diversifying the remaining 15% to 20% of income streams.


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USDA milk production, price outlooks remain stagnant

The 2024 milk production forecast was lowered from last month but price projections remains weaker, pressured by cheese and Class III milk.
January 15, 2024
Dave Natzke

The USDA’s World Ag Supply and Demand Estimates (WASDE) report and Crop Production reports identify milk and feed factors potentially impacting dairy producer income in the year ahead.


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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

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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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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