Industry News

Dairy lenders and financial consultants got an “insider’s view” of ongoing efforts to strengthen Pennsylvania’s dairy processing infrastructure and overall dairy economy during the Dairy Financial and Risk Management Conference on Sept. 12 in Summerdale, Pennsylvania.

August 2018’s Margin Protection Program for Dairy (MPP-Dairy) calculations indicate margins improved somewhat, thanks primarily to lower feed costs.

You’re busy – milking cows, managing employees, attending World Dairy Expo. With that in mind, Progressive Dairyman launched this column: “What happened? What’s next?”

The USDA’s annual Land Values report indicates U.S. agricultural producers saw average land values and cropland rental rates post small increases in 2018.

The 20 largest global dairy companies processed about 25.4 percent of the world’s 2017 milk production, according to a biennial report from IFCN, an international dairy research network. The companies processed about 211 million metric tons (MMT) of milk in 2017, up from 200 MMT in 2015.

The USDA’s Risk Management Agency (RMA) authorized the sale of Dairy Revenue Protection (Dairy-RP) insurance policies, effective Oct. 9. Insurance coverage for the first quarter of 2019 (and four quarters thereafter) can be purchased until about Dec. 14, 2018.