Finances & Profitability - Articles - Page 2

Progressive Events: Innovation and sustainability on the farm: A partnership for the future

An inside look at three Ontario dairy producers’ drive for sustainability through innovation and sustainable practices for the next generation.

March 17, 2025

Lora Bender

Sustainable farming has never been more important. Not only can prioritizing sustainability be beneficial to the environment and public perception, but also to your long-term success and the bottom line. Read how three Ontario dairy producers are implementing sustainable measures on their farms.

March WASDE report forecasts reduced milk output per cow, higher cow inventories

The milk production forecast for 2025 is reduced on lower expected milk output per cow more than offsetting slightly higher cow inventories.

March 12, 2025

Audrey Schmitz

The USDA’s World Ag Supply and Demand Estimates (WASDE) report offers forecasts for dairy, beef and feedstuffs.

Practical strategies to stay financially organized on your farm

Increase the accuracy of your financial recordkeeping by tracking fixed and variable costs, creating cash flow forecasts and managing debt payments. Creating a team of advisers can also be helpful.

February 20, 2025

Elaine Froese

Making sure the farm is financially organized could be a key to running a successful and sustainable operation. Unlike many other industries, farmers are faced with unique challenges such as fluctuating market prices, unpredictable weather and potentially volatile cash flows. Ensuring you are aware of the current financial position of the farm by creating accurate and timely reports can allow you to make quick decisions when necessary.

A better way to look at income over feed costs

When assessing income over feed costs, accounting for varying factors will give the most accurate result.

February 12, 2025

Essi Evans

While IOFC seems like a very simple calculation, it may not be an accurate one. There are many moving parts on farm, and these can influence the outcome independently of the feed or management change that has been made. Some modifications may be needed to get a true picture of events.

The importance of financial literacy for the next generation of dairy farmers

Investing in financial literacy will ensure the sustainability, profitability and growth of family farms in an increasingly complex agricultural landscape.

January 21, 2025

Andy Leach

The challenges facing today’s dairy farmers are vastly different from those of previous generations. Rising costs, environmental regulations and technological advancements have created a complex and competitive environment. For the next generation poised to take over family dairy farms, financial literacy is not just an asset; it is a necessity.

December WASDE report forecasts lower milk production

The milk production forecast for 2024 is lowered from last month, with lower milk cow inventories and lower expected milk per cow based on the most recent Milk Production report.

January 15, 2025

Audrey Schmitz

The USDA’s World Ag Supply and Demand Estimates (WASDE) report offers forecasts for dairy, beef and feedstuffs.

USDA projections highlight increased milk production

Milk production forecasts for 2024 are raised from last month on higher milk cow numbers.

December 11, 2024

Audrey Schmitz

The USDA’s World Ag Supply and Demand Estimates (WASDE) report offers forecasts for dairy, beef and feedstuffs.

USDA forecasts offer varied outlook for dairy’s financials

Lower cow numbers for the third quarter of 2024 were more than offset by higher milk output per cow.

November 11, 2024

Audrey Schmitz

The USDA’s World Ag Supply and Demand Estimates (WASDE) report offers forecasts for dairy, beef and feedstuffs.

USDA projections provide mixed news for dairy’s bottom line

Large crops and lower feed costs could help partially offset a dip in milk prices as dairy producers look to close out 2024 and plan ahead for 2025.

October 14, 2024

Audrey Schmitz

The USDA’s World Ag Supply and Demand Estimates (WASDE) report offers forecasts for dairy, beef and feedstuffs.

The business of agriculture: Who is on your team?

Canadian dairy producers rely on their advisers to help improve production and profitability. Formal advisory teams can help build communication and trust between advisers and improve farm outcomes.

September 24, 2024

Chris Church

If we consider your farm a hockey team, you are Conner McDavid. You are responsible for doing the heavy work of production. Relying on your advisers as a team will make your position as the CEO more successful. Scoring goals is great, but our ultimate aim is to win the Stanley Cup of long-term financial success.

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Progressive Events: Innovation and sustainability on the farm: A partnership for the future

March WASDE report forecasts reduced milk output per cow, higher cow inventories

Practical strategies to stay financially organized on your farm

A better way to look at income over feed costs

The importance of financial literacy for the next generation of dairy farmers

December WASDE report forecasts lower milk production

USDA projections highlight increased milk production

USDA forecasts offer varied outlook for dairy’s financials

USDA projections provide mixed news for dairy’s bottom line

The business of agriculture: Who is on your team?

How rising temperatures are affecting dairy cow fertility in Canada

Lessons from the farm brought success in hockey

Cow care, technology and teaching moments: A conversation with Alberta dairy farmer Karen

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