Finances
Benchmarking is a financial tool that aids in decision-making by helping farmers see their profits, trends and where to focus their attention to improve profitability.
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Economic update: Class I milk base price, culling rates hit five-month highs
The Class I milk base price rebounds in October while the year-to-date dairy cow culling rate is the highest since 1986.
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USDA cuts 2023-24 milk production estimates, improving outlook for prices
Dairy economic storm beginning to subside but clouds remain
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Weekly Digest: Ag loan interest rates continue to rise
More parents want flavored milk options for their children at school.
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Selling the cows? 4 things to avoid
Feeding a high-quality ration, maintaining consistent genetics, managing data and having a proper plan in place can add to your final paycheck.
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Economic update: A matter of interest
With borrowing rates rising, so has the interest in the impact on agricultural producers.
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June 2023 DMC margin falls below ‘catastrophic’ floor
Despite lower feed costs, lower milk prices drove dairy producer margins to new lows.
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Tools and processes for discovering your farm’s financial story
Consistent farm records, financial ratios, farm trend analysis and peer comparison are some of the tools that can help producers evaluate their financial situation.
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Understanding ASC 842 leases: A guide for dairy producers
This new standard introduces significant changes to the way leases are recognized and measured, impacting financial statements and disclosure requirements.
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You can farm, but you also need to manage your financials
Good financial management includes utilizing a timely and accurate balance sheet, an accrual-adjusted income statement and a cash flow statement.
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