Finances
Based on conditions as of Aug. 1, soybean yields are expected to average a record high of 53.2 bushels per acre, up 1.2 bushels from last month and up 2.6 bushels from 2023.
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InFocus: Cropland values, rental rates hit new peaks in 2024
Progressive Dairy provides its annual look at state cropland values, ranked by value per acre, as well as cropland rent per acre and annual rent as a percentage of average value.
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It pays to be paranoid: Considerations when developing contingency plans for your farm
Cross-training employees for multiple roles, preserving working capital, having a balance sheet with depth of equity, developing contingency plans and clear protocols, and conducting scenario-based trainings can help an operation navigate unexpected circumstances.
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Essential considerations for dairy farmers approached by anaerobic digester developers
Anaerobic digesters are more than a building project. They are about forging partnerships, navigating regulations and managing risk, and doing so in a way that’s best for the future of the dairy.
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Debt: A double-edged sword
When managed properly, debt can be a tool to help with profitability.
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Elevated interest rates impact dairy farm finances
Last year ended with interest rates the highest in 16 years, while quarter one of 2024 shows slight improvements.
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Dairy farming with a $15 breakeven
Maximizing parlor efficiency, quality feed, reducing expenses without sacrificing quality, labor efficiency, maintaining financial stability and diversifying revenue streams are several ways to reduce breakeven cost while maximizing profitability.
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Estimating return on investment of 3D cameras in dairies
Economic advantages of adopting 3D imaging technology (3DIT) on dairy farms and analyzing key areas of savings and potential return on investment (ROI).
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