It looks like a good year, but let’s be cautiously optimistic about milk prices in 2022. Right now, the futures markets are expecting something like a $4.25-per-hundredweight (cwt) improvement in the average U.S. all-milk price for the year. We even have a futures contract for Class IV milk that is settling over $24 per cwt at the time I write this.

If you are thinking about making a change to improve your dairy operation, you do not have to look far to find solutions that involve updating your farm with new technology for milking and managing your cows.

Just two days ago, I got off the phone with a 25-year-old corn farmer named Billy who recently became a father. He explained to me that only a few days after the baby was born, he was given the chance to see the farm’s financials for the first time.