Cash receipts for livestock and crops in 2024 are estimated at $11.3 billion, a 4% increase over 2023. Cash receipts for milk, Idaho’s leading agricultural commodity, were estimated to be 11% higher than 2023. Those for potatoes, Idaho’s highest revenue crop, were estimated to be 6% lower than 2023.

Producers now have a valuable opportunity to secure higher revenue floors in an increasingly volatile market by enrolling in the Dairy Revenue Protection (Dairy-RP) program. The program is a great addition to a sound risk management strategy, allowing producers to give added focus on managing volatility beyond the commodity sector and unpredictable geopolitical, macroeconomic and other unforeseen risks.  

Using beef semen to cross with Holsteins, Jerseys and other dairy breeds has helped change the value of each calf. Dairy producers are looking for ways to maximize this strategy and reap the financial benefits. Here are four tips to help unlock the potential of beef-on-dairy calves and secure maximum results.

Whether we’re at the high point of a cycle or in the depths of a downturn, the best managers regularly manage their margins. They understand that margin management is an “always” mindset, one that builds stronger positions during the good times so they can get through the bad.

We spend a lot of time talking about properly saving and investing money to ensure a happy retirement, but if you are not investing in your own health, what good is monetary wealth?

From COVID-19 to governmental policy changes to H5N1 avian influenza (bird flu) outbreaks, the unpredictable is coming at us at a faster and faster pace. When making your contingency and continuity plans, here are some of the key areas of preparedness you should consider.

In 2024, dairy farmers may be looking to stabilize their income and navigate the unpredictable market by enrolling in the Dairy Revenue Protection (Dairy-RP) program. One of the distinguishing features of the Dairy-RP program is its adaptability to the specific needs of each dairy operation. This program takes into account regional pay structures and the operation’s environment.

Investing in replacement heifers without financially stressing the ranch is every beef producer’s goal. They must consider risks facing the operation, manage their financial health and discover additional income streams the ranch provides.