RSSUSDA projections highlight increased milk production
Milk production forecasts for 2024 are raised from last month on higher milk cow numbers.
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Finances & Profitability
ARTICLES
USDA forecasts offer varied outlook for dairy’s financials
Lower cow numbers for the third quarter of 2024 were more than offset by higher milk output per cow.
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USDA projections provide mixed news for dairy’s bottom line
Large crops and lower feed costs could help partially offset a dip in milk prices as dairy producers look to close out 2024 and plan ahead for 2025.
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The business of agriculture: Who is on your team?
Canadian dairy producers rely on their advisers to help improve production and profitability. Formal advisory teams can help build communication and trust between advisers and improve farm outcomes.
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September WASDE report projects third-highest production for corn on record
Based on conditions as of Sept. 1, corn yields are forecast at a record-high 183.6 bushels per acre, which is 0.5 bushels higher than last month’s projection and up 6.3 bushels from last year’s final estimate of 177.3 bushels.
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Go beyond the handshake: Get farming contracts in writing
Understanding how farming contracts work can aid in protecting your business.
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Have an appreciation for depreciation
Understanding the methods of calculating depreciation can aid in making investment decisions.
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Changes to business risk management programs under Sustainable CAP
Agriculture and Agri-Food Canada's BRM programs, updated under the Sustainable Canadian Agricultural Partnership, help producers manage risks with enhanced features, simplified processes and integrated climate risk management.
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Inside Brilman Dairy: How a first-gen dairy producer’s fieldwork expertise drives revenue diversification
Photos tell the story of southern Alberta's Brilman Dairy – showcasing the farm's automation and efforts to increase non-dairy revenue.
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Three ratios to improve your dairy’s financial fitness
As we age, health principles like stability, cardio and strength are vital, just as key financial ratios like working capital, debt-to-equity and debt service are essential for assessing and improving the financial health of dairy operations.
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