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
Who wants to be a millionaire? If we are talking about owning dollars, lots of people would volunteer. If we are talking about milk sold per worker, we would usually say yes, at least a million pounds per worker. But a funny thing happened this year, or rather last year according to the recently released […]
America can do more to expand the dairy export markets.
The U.S. dairy industry will continue to try to get milk produced in the U.S. into China. But will the U.S. milk continue to be processed by U.S. companies before it enters China?
My parents were born and raised in “America’s Dairyland.” As a child, we drove back and forth to Racine County, Wis., at least twice a year. Racine County was home to gazillions of small dairy farms with “Golden Guernsey” or “Registered Holstein” signs at the end of farm lanes. The farms and barns were fascinating. […]
More than 78% of the dairy farms surveyed in northeastern Ohio plan to continue to operate during the next five years, despite the many challenges facing dairy operations.
In our industry, we may market milk, but I still believe that our best “off the farm” product is our kids.
Successful top managers have successful businesses. Failing top managers have failing businesses. Family farms are no different.
Pasture growth has been tremendous so far this year, but late summer heat and dry spells can change conditions quickly.
Ultimately, supply and demand of cropland for rent will determine the cash rental rate for each parcel. The expected return from producing crops on a farm parcel is the overriding factor in determining the demand for a farm and is the primary driver in establishing an equitable rental rate. Local supply and demand of cropland […]
Most of my friends and coworkers clearly understand that I possess more of a creative mind than an intellectual one. I function on energy and ideas. Some of you may be shaking your heads in agreement, as you have witnessed me trying to decipher technology and something mechanical. However, these lack luster moments do not […]
Water quality regulations impact agriculture (dairy in particular), so it’s a good idea to stay up-to-date with what’s coming down the pike.