The industry is in crisis and there is no simple fix to the problem. Consecutive years of mediocre margins and possible erosion of farm equity mean there are some tough questions to be answered.
The country’s dairy farmers are in for another challenging year with milk farm prices only expected to improve slightly, following four straight years of low prices, experts said Thursday.
As dairy farmers try to manage risk moving into 2019, about the only thing you can say is that there is uncertainty as to which risk management tools is best.
Missouri’s Gov. Eric Greitens signed the state’s budget on Jan. 5 which included $660,000 to fund a dairy risk management program created by the Missouri Dairy Revitalization Act.
In an ag economy when profits are low and margins are tight, it’s more important than ever to have a factual handle on your farm’s finances, according to ag lender Carmen Michels with Compeer Financial.
