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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.
May 9, 2024
Pauly Paul

Is a $15 breakeven possible for a dairy farming business in 2024, given increases in input costs and inflation? Others may have their doubts, but I am a firm “yes.”


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Diversifying dairy revenue streams

Considerations and strategies for diversifying non-milk revenue streams, including feed, custom work, cull cow sales and beef-on-dairy.
January 30, 2024
Curtis Gerrits

While milk accounts for roughly 80% to 85% of our gross revenue on dairy farms, there’s untapped potential in diversifying the remaining 15% to 20% of income streams.


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Who's taking up parlor space?

Evaluating cow value from a parlor perspective can improve your bottom line.
January 26, 2024
Derek Nolan

Economic culling decisions can be very complex and challenging to make. Ensuring every cow that passes through the milking system holds value will help lead to increased farm profitability.


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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.
January 15, 2024
Dave Natzke

The USDA’s World Ag Supply and Demand Estimates (WASDE) report and Crop Production reports identify milk and feed factors potentially impacting dairy producer income in the year ahead.


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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.
December 29, 2023
Dave Natzke

The USDA National Agricultural Statistics Service (NASS) released its latest Ag Prices report on Dec. 29, including factors used to calculate the November 2023 Dairy Margin Coverage (DMC) margin.


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The four-part financial package that rebuilt a lender’s trust

When combined with an actionable plan, a cash flow statement, current budget, projected budget and regular progress reports are four documents that can help to rebuild trust with a lender.
December 21, 2023
Pauly Paul

Trust. It’s the glue that holds together the relationship between the bank and the borrower. And just like any other relationship, trust can take years to build through communication, setting expectations and following through.


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