California's July Class 4a/4b milk prices declined from June, and remain far below a year ago. There should be some improvement next month, when a temporary change to the Class 4b formula is implemented.
ERS analyses evaluated the long-term financial returns to growers who adopt weed control practices that aim to slow resistance to glyphosate, and compared those returns when neighboring farmers also manage to slow resistance.
Now that our industry has stepped up to meet the new demand, there is another fundamental shift underway as the markets adjust to increasing worldwide supply of grain that is pressuring prices. This change has been good for livestock producers who are now mostly profitable due in part to falling feed costs. Production agriculture, on the other hand, is now adjusting to thin or even no margin of profit.
On one hand, the bearishness which has clawed away at the market for the better part of 2015 remains present from both a global scale and a domestic perspective. On the other hand, the last Milk Production report came in lower than expected, and likely served as a warning shot across the bow.
Variety in business is generally good, but when it comes to profit and revenue, an entrepreneur’s expectations should be fairly singular – go big. That’s according to business development expert Cameron Herold, who drove 1-800-GOT-JUNK’s growth from $2 million to $106 million in a handful of years. Otherwise, he says, you’re probably selling yourself short.