Profitability
July’s Dairy Margin Coverage (DMC) program margin and indemnity payments will be announced later this week.
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Back to school on costs of production
A discussion of costs and other metrics of profitability in the context of theory, evidence and future contemplation.
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Weekly Digest: Class I mover formula change losses add up
Here is a brief look at the news affecting dairy producers during the first days of August 2023.
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Economic update: ‘Dog days’ of summer have bark, bite
Here’s an update of factors impacting your dairy income as July-August’s “dog days” of summer near their conclusion.
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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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Characteristics of dairy farms with consistently lower costs of production per hundredweight
Lower labor and purchased feed costs per hundredweight are two commonalities between dairies with consistently lower costs of production than their peers.
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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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What is the right number of heifers to raise?
Managing heifer inventories and determining how many heifers to keep is a more frequent and varied discussion today than in the past. Farms should ascertain exactly how many replacement heifers they need and strategize their management.
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How to increase dairy farm cash flow
An overview of the changes one dairy farm made in the parlor and feed center that increased labor efficiency, enhanced milk quality and increased overall profitability.
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Goal-driven management takes dairies to the next level
Using measurable benchmarks; maintaining a goal-driven management culture; and identifying a set of key advisers and employees to regularly review cow health, production and forage metrics are three steps dairies can take to improve financial performance.
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