Whether we’re at the high point of a cycle or in the depths of a downturn, the best managers regularly manage their margins. They understand that margin management is an “always” mindset, one that builds stronger positions during the good times so they can get through the bad.

Brilman Dairy welcomed Progressive Dairy into his facility to share some of its inner workings and the keys to his farm’s productivity.

Extra revenue is great, but remember to weigh changes in expenses between alternative plans.

Is a $15 breakeven possible for a dairy farming business in 2024, given increases in input costs and inflation? Others may have their doubts, but I am a firm “yes.”

A goal to get an extra lactation out of their cows improved more than herd longevity at Doll’s Dairy Inc. in Pocahontas, Illinois. It also provided additional opportunities to diversify the farm’s revenue streams, including selling beef-on-dairy calves and excess heifer calves.

While milk accounts for roughly 80% to 85% of our gross revenue on dairy farms, there’s untapped potential in diversifying the remaining 15% to 20% of income streams.

Idaho farmgate cash receipts and net farm income held near highs in 2023. Price changes varied greatly across commodities, but improved yields kept overall cash receipts elevated.

“No doubt, we’re going to be strong and growing for the foreseeable future,” says IDA CEO Rick Naerebout “It won’t be at the aggressive pace of the past because of processing capacity and having enough water to grow silage and hay long term.