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Feed costs are higher, and labor costs will be trending higher. The good news is interest rates are still low. The biggest positive factor is that milk prices have been moving higher.
In this column, Progressive Dairy summarizes issues in the news and attempts to describe how they might affect dairy farmers. Look for more extensive background and details at Progressive Dairy.
A year ago, in the early stages of the coronavirus pandemic, leaders of Pennsylvania’s Center for Dairy Excellence (CDE) created a survey to determine what effect COVID-19 had on Pennsylvania’s dairy farmers and to get a snapshot of the dairy industry.
Dairy farmers considering entering a waste-to-energy business arrangement should be aware that every deal is unique. For that reason, Dave Crass, chair of the agribusiness, food and beverage industry group with Michael Best, warns dairy producers not to follow a cookie-cutter approach or complete a transaction with a developer on their own.
In the dairy industry, nickels and dimes make a big difference over time. Dairies have the unique ability to compare their financial performance against their production numbers, giving them information on a per-hundredweight basis.
Progressive Dairy provides updates on dairy-related organizations and companies, compiled from staff news sources and industry press releases. Email industry and organization news to Progressive Dairy Editor Jenna Hurty.
Producer price differentials (PPDs) continue their slow climb out of the historically negative depths of 2020, but their complete ascension may still be a ways off.
U.S. agricultural exporters overcame some of the impediments that plagued them in recent months, helping create a resurgence of foreign sales in February.
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