Business Management
When it comes to our supply chain, everyone from farmers and ranchers to transporters to consumers has a role to play in improving the levels of greenhouse gas emissions.
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Dating your daughter-in-law
Making an effort to get to know new in-laws can reduce family tension and stress.
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Plugged combines and poor communication stop now
When things on the farm are busy, communication can break down; reflect on the emotions that block negotiation to prevent communication from plugging up.
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USDA milk production, price outlooks remain stagnant
The 2024 milk production forecast was lowered from last month but price projections remains weaker, pressured by cheese and Class III milk.
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Succession planning: Incentivizing the next generation of family farmers
Ideas for encouraging reluctant heirs to the family business include a solid business plan, financial support, profit-sharing plans, incentive bonuses tied to performance and/or milestones, developing an ownership transition plan, mentorship, educational/training opportunities and strategies for work-life balance.
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Dairy real estate values: Navigating trends and turbulence for financial success
Appraised values rebounded in 2023 with a 22% surge in value compared to 2022. Rising construction costs elevated per-stall values, while land values near dairy facilities have consistently risen due to competition within the industry and due to external factors.
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Happy New Year: Time to start making smart tax moves in 2024
Gifting and planning strategies for producers to utilize the current high lifetime estate and gifting exemption while saving on taxes.
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Economic Update: Lots of dairy numbers to start the new year
Concerns over higher interest rates, input inflation and supplies are subsiding.
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Be SMART about stress in your business
Sleep, exercise, proper nutrition, rest and positivity can protect against the damaging effects of chronic stress.
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November 2023 DMC margin moves above indemnity trigger
Small changes in the U.S. average feed cost and milk price were enough to push November’s Dairy Margin Coverage (DMC) margin higher.
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