Stories by Dianne Shoemaker

Dairy farmers have to know when to call it quits

Thursday, March 4, 2010

The cost of production number, combined with the four key numbers outlined in this article, will help each dairy farm define the point where the business is unlikely to be able to bounce back.

2009 Income tax issues: A professional may be your best bet

Wednesday, January 6, 2010

Most dairy producers were glad to see 2009 come to a close and are looking forward to a better dairy economy this year. Even though many farm families are facing net operating losses, income tax management is still an important issue that should be high on the 2010 “to-do”. Tax concerns. Why are income taxes […]

It is corn silage pricing season

Thursday, October 1, 2009

You don’t have to look outside to know what season it is in an Extension office. You can tell from the questions that come in. It is now corn silage pricing season. How to price corn for silage as a crop standing in the field is a regular and perennially challenging question. The optimal answer […]

The more things change…

Thursday, August 13, 2009

“Tho they may never expect to become farmers, urban youth will soon be in positions where their word may count strongly for the welfare of agriculture. Having them in your community offers a good chance to make lasting friendships for yourself and all farm people.” Inviting non-farm people to visit farms and farm communities is […]

DIBS address issues facing dairy producers dealing with milk prices

Thursday, April 30, 2009

Plummeting prices in the dairy industry are creating critical cash-flow and long-term survivability issues on Ohio’s 3,328 dairy farms. Full awareness Cost-cutting decisions must be made with full awareness of both short and long-term production and economic consequences. For instance, do you really save money by buying a bull and not purchasing frozen semen? A […]

Alternatives for dealing with down cycle

Thursday, March 19, 2009

Most dairy farm businesses are not cash flowing. Some may be if they priced first half milk production using futures or options contracts when the early 2009 prices were trading considerably higher than they are now. No sense in kicking yourself if you didn’t do that, just deal with what is. Protecting your equity and […]

Dairy farms are in the limbo line

Thursday, March 12, 2009

If you have ever taken a small child to a roller skating party, sooner or later some energetic teenagers corral the troops and organize them into a long line to do the limbo. While two kids hold onto either end of a long stick, each child tries to skate under the stick while bending backwards. […]

Ohio’s minimum wage rate increased

Thursday, February 12, 2009

A quick look at a few business-related topics this month. The first of the year brought an increase in Ohio’s minimum wage rate. For most dairy businesses this will mean an increase for employees that were working at the previous rate of $7 per hour. Adjust wages Ohio employers need to adjust wages for hourly […]

In cold, calves need nutrients to grow

Thursday, January 22, 2009

No time like the present to talk about feeding calves in cold weather. While the feeder puts on more clothes to help them stay warm, the “layers” of clothing our calves can put on to help them stay warm is nutritional. Yes, a calf coat or blanket of some sort can help a calf maintain […]

It’s year-end tax planning time

Thursday, December 11, 2008

Can’t put it off any longer … it’s year-end tax planning time. “One’s tax management goal should be maximizing after-tax income or wealth over time, not minimizing taxes in any one year.” A sound piece of advice from Purdue University Extension Ag Economist George Patrick. This can be a tough one that requires looking past […]

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About Dianne

(Dianne Shoemaker is an OSU Extension field specialist in dairy production economics. You can contact her at 330-533-5538 or shoemaker.3@osu.edu.)