Key differences between cash rent arrangements.
More than 500 nutritionists, researchers, and farmers gathered in Ft. Wayne, Ind. this week for the twenty-third Tri-State Dairy Nutrition Conference. There was an excellent slate of speakers discussing new developments in dairy cow and calf nutrition and management. Kicking off the event was Christopher Sommer, from the International Farm Comparison Network (IFCN). Sommer and […]
OSU Extension offers online resources that help farmers keep their management skills on the cutting edge.
It is Monday and I am sitting amidst the rubble of my office space with little or no room to spare. Mounded beside me and on the floor and in the hallway are the leftovers from Spring Dairy Expo. Just one week ago today, I was pulling everything out, editing paperwork, and recalling what we […]
Is it the right thing for every farm and family? Maybe not, but forming an LLC may be an alternative some farm families want to consider.
With current feed and milk prices, a black and white cow producing 22,000 pounds/year could net between $1,200 and $1,600.
“I expect you to do better next time.” Dr. Harry Barr, Ohio State University professor and teacher of Dairy Science 201 — the introductory dairy science class, and my very first dairy class back in 1979 — said it quietly as he laid my first exam face down on the desk in front of me. […]
Do not let a test score deter you from the power of the dream.
Success in family businesses is a two-way street — top managers creating an environment in which people can succeed and people taking advantage of the opportunities given them. The guidelines for being known as an outstanding family member in the business are strikingly similar to the guidelines for building a reputation as an outstanding non-family […]
As a percentage of total U.S. production, we are now exporting more dairy products than corn. (We exported the equivalent of 31.2 billion pounds of milk, or more than the total annual milk production from New York, Ohio and Pennsylvania combined.)
This year’s colder-than-usual weather reinforces the need to be prepared.
There’s been shift in profit centers on some Midwestern dairy farms for a couple years, one that is likely to shift again in 2014.
Dairy prices, while hard to predict, do look favorable for new year.
Cropland values in Ohio have increased again in 2013. Data from the Ohio Ag Statistics Service shows an increase of 12 percent for bare cropland in Ohio for 2013. According to their data, bare cropland averages $5600/acre, up from $5000/acre the previous year. The Ohio Cropland Values and Cash Rents Survey (AEDE) conducted in January […]
It’s easy to say someone else should do the education, and Extension, Farm Bureau, private industry and others do so, but it means even more when the public can hear a farmer describe what he or she does.
During the next month, I will be on the road across Ohio helping to teach the OSU Income Tax Schools. These workshops help teach tax professionals about the latest changes to the IRS tax codes. Today, I would like to remind farmers to push the numbers with their pencil to determine their potential tax liability […]
In the musical Annie Get Your Gun, the lead character belts out the lyrics to There’s No Business Like Show Business. The key message is that folks in show biz stick together.
Dairymen can’t make a profitable year based on one-day’s sales, like Black Friday retailers. Being profitable requires you to be in the top 20 percent of dairy farms. Being “average” is accepting lower profitability or even sometimes at being unprofitable.
It is always difficult at best to forecast prices more than a couple of months ahead, but judging on current Chicago Mercantile Exchange (CME) cash and futures prices, dairymen should be enjoying a pleasant pre-Christmas season.
Many factors will influence fertilizer prices this fall, into 2014