Finances
Changes address transportation and marketing costs in the milk-deficit region.
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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.
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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.
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Dairy real estate values: Navigating trends and turbulence for financial success
Appraised values rebounded in 2023 with a 22% surge in value compared to 2022. Rising construction costs elevated per-stall values, while land values near dairy facilities have consistently risen due to competition within the industry and due to external factors.
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Happy New Year: Time to start making smart tax moves in 2024
Gifting and planning strategies for producers to utilize the current high lifetime estate and gifting exemption while saving on taxes.
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Economic Update: Lots of dairy numbers to start the new year
Concerns over higher interest rates, input inflation and supplies are subsiding.
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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.
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Economic Update: January 2024 Class I base price weakens
‘Average-of’ formula continues to impact price
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Reduced milk per cow, cow numbers lower USDA 2023-24 milk production estimates
The milk production forecast for 2023 was lowered from last month due to slower expected growth in milk per cow.
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