Diversification
Beef-on-dairy calves are bringing in record prices, giving farms a welcome boost when milk markets are tight.
Alternative revenue sources are becoming more and more common to help producers financially stay afloat. The goal moving forward is clear: striking a delicate balance that ensures longevity and relevance in an ever-changing industry.
Three key provisions in the 2017 Tax Cuts and Jobs Act are set to expire in December. Planning now can help farmers prepare financially if the provisions aren’t extended, says CPA Paul Neiffer.
Bateman’s Mosida Farms in Utah is named the 2024 Innovative Dairy Farmer of the Year by the IDFA because of their ability to innovate and diversify to better care for their cattle and land.
Communication between one generation to another can seem like talking a different language. “I suggest you approach looking at another generation with curiosity rather than judgment,” says Kim Lear of Inlay Insights.
We asked surveyors what avenues they are exploring to generate added profit to help with their farm’s overall profitability, and the results showed that branded beef and agritourism are leading the way.
Demand for colostrum is exploding. A recent market estimated the global value of colostrum sold in 2023 was $1.49 billion. That figure is projected to see a compound annual growth rate of 6.5% for the next decade.
When a pair of sisters set out to help the family farm, they didn’t think they’d end up on Forbes’ 30 Under 30 list. On the debut of Grow Getters, a podcast about ag’s most creative side hustles, they tell their story.
Head to the Lone Star State, and everything is bigger, or so they say. That doesn’t only refer to big hats and big hair, it also applies to dairies, as the average size in the Panhandle hovers around 4,000 cows.
Drumgoon Dairy has recently completed a new renewable natural gas (RNG) production facility with Clean Energy and is expected to supply 1.66 million gallons of negative carbon-intensity RNG annually.
John Deere and DeLaval have joined forces and formed a strategic partnership to create the Milk Sustainability Center (MSC). The initial version of MSC will be released in summer 2024 and will be free of charge.
In 2006, dairy producer Ken Smith and family purchased an old truck stop property near their family dairy farm and began an ice cream business. Moo Thru has grown in more ways than one.
Tucked in the rolling hills of a quaint New England town, Fairholm Farm in Woodstock, Ct., a century-old farm’s recipe for success also includes technology and securing additional profit sources.
A few dairies have pushed pause on building projects due to interest rates and market uncertainties. Others are stuck in limbo not knowing whether to move forward or wait it out.
More than 50% of farmers intend to grow their operation, based on responses in Purdue’s February 2023 Ag Economy Barometer. If you’re thinking about scaling your farm, it’s important to first ask these questions.
With drought and production costs pushing the native beef population to a record low, beef-on-dairy has a huge opportunity to keep the feedlots and processors at full capacity.
What goes in, must come out. That’s the saying every dairy farmer knows all too well when dealing with manure. But what if you could use manure to help generate additional income for your farm? Here’s how.
With the demand for beef up, more dairy producers are crossbreeding poor genetic or less productive cows with beef semen. Over the past few years, dairy semen sales have idled while domestic beef sales have exploded.