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Home » Authors » Sam Miller
Sam Miller

Sam Miller

Managing Director / Head of Agriculture Banking / BMO Harris Bank
Email Sam Miller
Articles

ARTICLES

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SUMMARY

Making good decisions during the current upswing

Sound decision-making now will lay the foundation for how your operation will fare in the next downturn.
August 19, 2022
Brad Guse and Sam Miller

Generally speaking, dairy producers are posting healthy margins right now. May milk prices were the highest on record, and 2022 prices are shaping up to be the highest ever, breaking the record set in 2014.


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Why your operation needs to think about ESG

April 19, 2022
Sam Miller
I’m all for getting out of your comfort zone and embracing fresh ideas. One of the biggest movements currently taking place in business is a focus on adopting environmental, social and governance (ESG) principles.
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Take your year-end review to the next level

January 18, 2022
Brad Guse and Sam Miller
In a previous article, we discussed the skills needed by the next generation of dairy managers. (Read: “Next-level management: The new key to success”).
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Next-level management: The new key to success

September 27, 2021
Brad Guse and Sam Miller
It’s the end of harvest. It’s time to clean up or make repairs to your equipment to get it ready for next year. It’s also a time to think about how you’ve performed from an operational standpoint. But, as you have more downtime over the coming months, it’s also an opportunity to take your management skills to the next level.
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Consider upgrading your dashboard to include macro factors

June 23, 2021
Brad Guse and Sam Miller
Now that the effects of the pandemic are largely behind us, dairy operators find themselves in an interesting situation. Markets are usually driven by either supply or demand, but right now, they’re being driven by both, and that has implications on how you navigate dairy and commodity prices.
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Government payments are set to fall: What’s next?

March 31, 2021
Brad Guse and Sam Miller
It’s no surprise the infusion of direct government payments to farmers helped many dairy operators weather the storm that was 2020. Those payments were necessary to help operators struggling with the many effects of the COVID-19 pandemic, but it’s not something you can build a plan around.
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Lessons learned from 2020

January 6, 2021
Brad Guse and Sam Miller
It’s fair to say that most of us are glad to put 2020 behind us. Dairy operators had to navigate multiple challenges that impacted their bottom lines. But, as we move forward, there are some important lessons dairy operators can learn from the experience.
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Valued-added opportunities: Are they right for your dairy?

September 23, 2020
Brad Guse and Sam Miller
Thanks to tight margins on commodities like milk, corn and soybeans, producers are searching for returns wherever they can find them. For some, that means exploring value-added opportunities outside their core operations.
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Making sense of price risk management jargon

June 18, 2020
Brad Guse and Sam Miller
Milk prices were strong at the end of 2019, and 2020 looked like it was going to be smooth sailing. But COVID-19 changed the equation as exports declined, the dollar strengthened and – most crucially – the foodservice channel collapsed. Amid such demand destruction, prices only had one way to go – down.
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Managing financial information: Keep your eyes on the road

March 16, 2020
Brad Guse and Sam Miller
If you compare operating a dairy farm to driving a truck, ask yourself where your eyes are focused when you’re behind the wheel. Are you looking ahead, scanning for information both near and distant? Or are you looking in the rearview mirror? For that matter, are you doing all you can to make sure your vehicle is in optimal condition?
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View All Articles by Sam Miller
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