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Weekly Digest: DMC payments, dairy export updates
The USDA’s dairy export forecast is reduced as the overall ag trade deficit grows.
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Business Management
Economic Update: Dairy downturn, interest expenses highlight 2023 USDA income forecast
The USDA’s latest milk production and price forecasts are updated late this week.
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Weekly Digest: Final decision issued for Southeast FMMOs
Meanwhile, the national hearing on Federal Milk Marketing Order (FMMO) pricing formulas resumes this week at a new location.
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October DMC margin hits 10-month high at $9.44 per cwt
Overall U.S. average feed costs were lower and milk prices were up, pushing the milk income margin to the highest level since December 2022.
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Big dairy decisions made easy with big data
Big data and the development of dairy models have allowed researchers to better understand how dairy cows have changed over time, helping producers make more informed decisions for their operation.
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Dairy risk management calendar: December 2023
Progressive Dairy provides monthly online updates of important dates, reports and factors affecting risk management decisions.
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Economic Update: December 2023 Class I base price steady
Dairy cow culling remained slower in October and average farm wages were up.
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Economic Update: Ag loan interest rates nearing 9%
October’s Dairy Margin Coverage (DMC) program margin will be announced next week.
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Sometimes it takes a leap of faith
Developing an exit strategy when transitioning the farm to the next generation includes setting exit goals, assessing financial and mental readiness, identifying exiting owner type, selecting an exit option, understanding the value of this option and executing the exit strategy plan.
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Get healthy, get happy: 2023 Si-Ellen Farms health fair success
Si-Ellen Farms hosts a health fair event for their employees to give them a general overview of health providers in their community and what they could be seen for.
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