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Management

Manage dairy employees, establish farm protocols, take on milk marketing, and become more confident in your farm financials.

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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.

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Agriculture is increasingly facing more environmental pressure from regulators, activist groups and private citizens. As an environmental consulting firm, Dragun Corporation has worked with agriculture for more than 30 years, helping address complex issues including nitrates in groundwater, PFAS contamination, groundwater supply and more.

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Olympic runner and dairy farmer Elle Purrier St. Pierre kicked off the 2022 Pennsylvania Dairy Summit in Lancaster, Pennsylvania, drawing parallels between training to become an Olympic athlete and dairy farming.

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There’s more than milk that can drive revenue to dairy farmers these days. A lot more.

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For farm parents, gifts to children may take the form of agricultural commodities. Such transfers may be done to shift income to minor children to take advantage of their lower tax rates, assist with a child’s college costs or be made in exchange for the child to support the donor-parents.

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Class IV milk prices are riding a high tide, but currents can change. Pick price targets and prepare to take advantage of the markets with available risk management tools.

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