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Home » Topics » Business Management » Finances & Profitability

Finances & Profitability
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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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Carbon markets 101: The evolving landscape of biogas and RNG

The rise of renewable natural gas and biogas underscores the need for standardized carbon accounting, private sector involvement in risk management and a deeper look at the carbon credit projects best suited to dairy farms.
January 9, 2024
Emma Ohirko

Growth and transformation have been hallmarks of the biogas and renewable natural gas (RNG) industry in North America in recent years. New regulations, technology advancements and increased interest from a range of industries in carbon markets have fueled this evolution.


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7 economic projections to consider as you plan for the year ahead

January 3, 2024
Emma Ohirko

J.P. Gervais, FCC's chief economist, provided an “early look” at the 2024 economy, its emerging trends, and his insights on the factors weighing heavily on many farm business decisions.


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USDA outlook sees slower-than-expected growth in milk production

Recent gains in butter and nonfat dry milk prices have eroded more rapidly than previously expected.
November 10, 2023
Audrey Schmitz

Progressive Dairy reviews the USDA’s latest World Ag Supply and Demand Estimates (WASDE) and Crop Production reports to identify potential influences on dairy producer income.


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Taming a new economic environment

The current Canadian dairy economy faces challenges of growing imports, increasing volumes of SNF and record-high interest rates.
October 18, 2023
Vincent Cloutier

Marked by growing imports, the major challenge of adding value to solids non-fat (SNF) (which is putting pressure on farm gate prices) and the highest interest rates in over 20 years, the dairy industry is facing a challenging economic situation. Here's a look at a lucid industry that has been challenged before.


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Benchmarking: A way to optimize the profitability of your dairy farm

Benchmarking is a financial tool that aids in decision-making by helping farmers see their profits, trends and where to focus their attention to improve profitability.
September 26, 2023
Rick Hamilton

While you can’t predict the future, financial benchmarking is a way dairy farmers can review concrete information about their operations – and how they compare to others in the industry – year after year. 


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Unlocking farm success: Analyzing profits to maximize value

Success relies on a cross-functional team that is informed and engaged to work toward a common goal.
September 8, 2023
Candace Schiestel
Many variables influence where profits are today, and there are many circumstances that impact the ability of the business to move the pendulum.
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Tools and processes for discovering your farm’s financial story

Consistent farm records, financial ratios, farm trend analysis and peer comparison are some of the tools that can help producers evaluate their financial situation.
July 21, 2023
Kevin Bernhardt

How often have you heard about the importance of having financial statements? Perhaps you have heeded that advice and have used a variety of spreadsheet tools, software and outsourcing alternatives for creating accurate balance sheets and accrual income statements. Now what?


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Why you need to build your personal wealth bubble

Building wealth beyond the farm assets provides flexibility for living expenses and transfer of wealth to non-farm heirs.
July 20, 2023
Elaine Froese

Your personal wealth bubble is having some flexibility in your wealth creation beyond the wealth you are creating in farm assets.


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July 1, 2023

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