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Home » Topics » Business Management » Finances & Profitability

Finances & Profitability
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Is your herd safe? Cybersecurity essentials for dairy farms

Technology advancements make dairy farms targets of cyberattack, but risks can be mitigated by understanding what threats exist.
June 18, 2024
Emma Ohirko

“Most of these farmers do not have a technology or means to understand they have been attacked until the impact has become obvious. There are many cases that, when we are called to go for an investigation, we find that attackers have compromised the business years back, and producers are not aware of their existence in the network.”


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USDA outlook sees little change in 2024-25 milk production

Milk production forecasts for both 2024 and 2025 are unchanged from last month with slight adjustments to cow inventories offset by slower growth in milk output per cow.
June 13, 2024
Audrey Schmitz

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


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Debt: A double-edged sword

When managed properly, debt can be a tool to help with profitability.
May 28, 2024
Kevin Bernhardt

If used for the right purposes and managed well, debt can be a great tool for increasing profits. However, tools can be misused. Just like using pliers to pound in a nail usually doesn’t work so well, debt can be a double-edged sword that is a drag on profitability.


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Increased cow numbers, milk per cow raise 2024-25 milk production estimates

Milk production in 2025 is forecast to increase from 2024, driven by higher milk per cow and an expanding milk cow herd.
May 13, 2024
Audrey Schmitz

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


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Antimicrobial stewardship: Balancing health, profitability and sustainability

Antimicrobial stewardship is vital for responsible farm management, as it prevents costly consequences like antibiotic resistance, highlighting the need for informed antibiotic use and preventive measures to ensure animal health, farm profitability and societal well-being.
April 30, 2024
Simon Dufour and Aida Mínguez-Menéndez

When an antibiotic is administered, susceptible bacteria may be eliminated, allowing resistant bacteria to thrive and become dominant. This can make the antibiotic ineffective for future treatments and can therefore increase the risk of infections persisting in the afflicted animal and spreading to other animals in the herd, or to humans. 


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Slower-than-expected growth in output per cow reduces milk forecast

Compared to last month, the USDA left the 2023 milk production estimate unchanged but reduced 2024 production expectations 1 billion pounds from the previous report.
April 12, 2024
Audrey Schmitz

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


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Who is in your corner when times get tough?

Evaluating fixed and variable costs throughout the operation can help identify areas where cost and labour savings can be achieved. However, cow comfort is an area that should not be cut.
March 28, 2024
Leo Pauls

It’s uncertain what will happen in the next quarter or two, but we all want to see farms succeed. Dairy farms help feed the world, and by taking a closer look at your operations, expenses and the comfort of your cows, you can identify areas for improvement that will keep your business profitable.


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USDA milk production lower due to lower cow inventories

The 2024 milk production forecast was lowered from last month. In addition, strong demand and price strength raised cheese and butter prices, while nonfat dry milk and whey price forecasts were lowered based on recent prices.
March 11, 2024
Audrey Schmitz

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


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More than a buzzword: Farming for profit and sustainability

Meeting consumer demands and changing industry standards can incite concern over undue financial pressure; however, in the case of environmental initiatives, responding to these changes may result in improved dairy profitability.
March 5, 2024
Emma Ohirko

Canadian dairy producers Ben Loewith and J.P. Brouwer share what they do to ensure their farms' sustainability goals are met, all while enhancing farm profitability. 


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3 Open Minutes with Steve Funk

February 8, 2024
Emma Ohirko

Progressive Dairy Editor Emma Ohirko caught up with Steve Funk to discuss the role of risk management for farm businesses and some strategies to minimize farmer risk and optimize program coverage. 




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