Business Management
Look for 2024 DMC program enrollment details early next year
As we saw in recent years, using beginning of the year milk and feed price forecasts to determine DMC participation can be risky.
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Reduced milk per cow, cow numbers lower USDA 2023-24 milk production estimates
The milk production forecast for 2023 was lowered from last month due to slower expected growth in milk per cow.
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How to start awkward conversations
Begin the transition planning conversation by keeping it light. Ask to have an initial conversation about transition planning at some point in the future, and encourage others to speak up about their vision for a successful transition.
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The new metrics for high-functioning farms
Environmental, social and governance (ESG); labor concerns and risk management are common topics on dairy producers’ minds lately. Learn how each of these areas can assist in your farm management decisions.
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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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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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