Progressive Dairy summarizes issues in the news and attempts to describe how they might affect dairy farmers.

Critics are increasing their calls for the Fed to stop raising interest rates, warning that higher interest rates and continuing inflation negatively impact farmers on several fronts.

Digest highlights

• See us at World Dairy Expo
• Vitaliano: Dairy markets face near-term uncertainty
• Dairy cull cow marketing jumped in August
• Fed ratchets interest rates higher
• Longhorned tick discovered in northern Missouri
• Farmland values to plateau

Without rubbing salt in the wound, we all know fall is not easy for a farm’s cash flow. Milk cheques are often at their lowest at the end of summer, and field crops consume a lot of cash flow during this time as well, making autumn a difficult time of year.

Digest highlights

• Ag loan interest rates move higher
• GDT product prices mixed
• FSA increases LIP payments for young dairy, beef cattle
• DFA, Pizza Hut partnering on sustainability project
• Northeast DBIC offers dairy funding

I’d like to dive a bit deeper into the concept that I mentioned in a previous article and which I frequently teach – infinite banking.