Profit Tips
The dairy market is experiencing a significant transition as economic factors from 2022 carry over into 2023, impacting milk production levels. Phil Plourd, head of market intelligence at Ever.Ag, recently discussed these developments with Chip Flory, host of AgriTalk.
In South Dakota, you’ll find a 130-year-old dairy operation that runs on passion, perseverance and a focus on finding the right people. This dynamic trifecta is what makes up the unparalleled culture of MoDak Dairy.
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.
Along with much planning, open communication, hard work and strong values have allowed Steinhurst Dairy to pass the torch from one generation to the next despite a string of grief and mountains of heartache.
Understanding the economics of management practice adoption can make it easier to make adoption decisions.
Beef-on-dairy breeding has revolutionized the U.S. cattle industry, shored up dwindling fed-beef cattle supplies, and added considerable black ink to the bottom lines of dairies in recent years. But is it a phenomenon gone too far?
Tips for producers to maximize making money now that the profit equation is finally in favor of dairy.
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.
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.
With financial challenges facing dairy farms, Curtis Gerrits with Compeer Financial, says it is essential for producers to evaluate how these technology investments impact their farm’s overall financial position.
The deadline to enroll for the USDA’s Dairy Margin Coverage (DMC) and Supplemental Dairy Margin Coverage (SDMC) programs is approaching fast. The last day for producers to sign up is Monday, April 29, 2024.
Three ways to take advantage of dairy’s carbon footprint.
One thing adversity teaches us is how to persevere. Dig deeper. Plow harder. At least this is what dairy farmer, Todd Benedict, has learned when he faced two nightmare situations—a barn fire and losing his milk market.
“When I arrived at the dairy that day and assessed the situation, three main objectives were clear: Increase cash flow, reduce expenses, rebuild relationships.”
As milk prices continue to sink lower, more and more dairy producers are turning their attention to creating a healthy beef cross calf to generate additional income for their farms.
The High Plains Dairy Conference will be March 5-6 in Amarillo, Texas. The conference will explore alternative revenue streams, the future of exports and much more.
All leading experts—from economists to cattle marketers, share that those producers with a surplus of heifer replacements are likely to capitalize on a pretty penny in the year ahead.
Beef cross calves are currently generating healthy profits for dairies. They also are a welcome addition to the beef supply chain, according to Dr. Zeb Gray, Beef Technical Feedlot Specialist with Diamond V.
Dairy replacement heifer values continue to gain ground after years of anemic prices.
Heifer availability has tightened, and prices have increased substantially. One reason is the interest that has developed in beef-on-dairy calves.
Last week, AgriTalk host, Chip Flory, visited with two dairy farmers -- Ken Smith and Darlene Lopes at Milk Business Conference to talk about the challenges that face dairy, as well as what opportunities lie ahead.
What is motivating the increased levels of components on U.S. dairies? Jim Salfer, dairy extension educator at the University of Minnesota, says the answer at the farm level is multifaceted.
Agility — it can be the difference between those who make it in the dairy industry and those who don’t. Learning to pivot to the next stepping stone to success is what leading dairies, like Van Ess Dairy doing well.
One word to describe the dairy economy is volatile. One reason that producers have managed through the up and down prices is that they have learned to balance the profit equation by utilizing risk management practices.
Three business-minded dairy leaders will gather together during a Farm Journal Milk Business Quarterly webinar to share advice on how to future-proof your dairy business.
The problem occurs in nearly 50% of cows in the first 24 hours after calving, says Jesse Goff, DVM and ISU professor emeritus. He details four nutrition strategies to prevent or treat the problem so cows aren’t culled.
Mike Simone, Executive Director of market Research and Intelligence with the National Cattlemen’s Beef Association, says high beef prices are here to stay for a while for several reasons.
A massive question dairy producers often ask themselves is who should be raising replacement heifers. Should they be raised by the producer, contracted out and customed raised, or should they be purchased?
When Julie ten Hoeve called her son’s high school to report Ian being absent to help chop corn on the family’s 650-cow dairy farm, she worried about what the school would say. The school’s response eased her mind.
The Milk Business Conference in Las Vegas Nov. 28-30, highlights every corner of the dairy industry and has a great line-up of speakers to help producers capitalize on and further develop their strengths. Sign up today.