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Dairy Excel Results

Crop input outlook for 2013

Thursday, January 3, 2013

Crop profitability prospects for 2013 are positive for the three major row crops in Ohio. Input costs have increased from last year, but high crop futures prices for 2013 crops will allow producers to plan for positive margins next year. OSU Extension enterprise budget projections show positive returns for corn, soybeans and wheat in 2013. […]

Preparing the farm for a New Year

Wednesday, January 2, 2013

Well, we’ve made it through yet another year. The Christmas presents have been opened, you’ve probably eaten more than you should have (I know I did), time has been spent with family and friends (a few of you may think some guests stayed too long), and those faithful cows were waiting for you each day. […]

Dairy farmers need analysis of this year’s business to plan for next year

Friday, December 21, 2012

“The cows are carrying the crops.” A familiar statement that described most diversified crop/dairy farms for the past 15 years. Milk was the original farm-level “value added” product. You add value to your crops by putting them through dairy cows and selling milk. In an about face caused by a wide variety of factors, for […]

Some farm tax tips as 2012 ends

Monday, December 17, 2012

During the past six weeks, I have been on the road helping to teach the OSU income tax schools. These workshops help teach tax professionals about the latest changes to the IRS tax codes. I had the opportunity to teach the agriculture portion of these schools and today I would like to share some of […]

Dairy farmers, tell your story

Thursday, December 6, 2012

We have a story to tell in our role as dairy farmers. There are countless opportunities to share it with others. It may not always be the setting we like or feel comfortable with, but our lives have dimensions that exceed those who work in the concrete jungles of a city, far removed from farm […]

Oil or gas lease or royalty payments? The taxman cometh

Wednesday, November 21, 2012

Making management decisions to minimize taxes is wise; evading tax is not. Landowners who have signed gas and oil leases, or are getting royalties, need to give some thought to tax management on the payments received.

Now is the time to sell excess heifers

Thursday, November 15, 2012

The adage “keep the best and sell the rest” is always an important principal in managing a dairy farm, but with the high costs of feed and other inputs, following this principle is a must. The act of “culling” animals from the herd usually has a negative connotation because all too often this activity is […]

Farmland value and rent outlook 2013

Thursday, November 8, 2012

COLUMBUS — Cropland values in Ohio have increased again in 2012. Data from the Oho Ag Statistics Service shows an increase of 13.6 percent for bare cropland in Ohio for 2012. According to their data, bare cropland averages $5000/acre, up from $4400/acre the previous year. An OSU Extension survey conducted in December 2011 estimated that […]

Review offers fully before signing up

Thursday, November 1, 2012

Some interesting offers may be showing up in your mailbox. Our “opt-out” period must have expired for receiving offers for credit cards, mortgages and other types of credit as more are showing up each day. Seed offers The ag community has certainly picked up the ball in this game as two recent mailings indicate: The […]

OSU offering income tax schools

Thursday, October 25, 2012

Hello northeast Ohio. Isn’t autumn a wonderful time? I really love this time of year. The cooler nights, the smells and sights of harvest, and the spectacular colors of the leaves all make northeast Ohio a great place to live. OSU Extension is offering the OSU Income Tax Schools at eight locations across Ohio in […]

No matter if we win or lose, life’s contests can teach us a lot

Thursday, October 18, 2012

It should come as no surprise, but I enjoy the thrill of competition and being competitive. No matter what the score, I will continue to root for my favorite team and never give up or in to the thought of losing. In fact, that term does not fit in my vocabulary. Kellogg cereals says it […]

What makes them tick? Not all employees motivated by same thing

Thursday, October 11, 2012

Farm managers able to motivate their workers have a better chance of reducing the typical labor problems faced in today’s economy (turnover, absenteeism, and low productivity). The most common roadblock managers face when motivating employees is a tendency to assume that all are motivated by the same thing. University of Nebraska-Lincoln researchers examined leader and […]

The sky isn’t falling: Good news on milk price horizon

Saturday, October 6, 2012

With skyrocketing feed prices and negative margins to dairy producers, it may seem as if 2009 is repeating itself. But I don’t think that this is the case — there is some sunshine showing up in the currently cloudy dairy skies. The feed situation It was not that long ago the USDA and most experts […]

Good news on milk price horizon

Thursday, October 4, 2012

Integrated dairy farms producing a large amount of the feeds consumed by their cows have a distinct cash flow advantage. This should be very good to Midwestern dairy producers in the long run.

Now is the time to calculate the cost of production for your crops

Thursday, September 13, 2012

We were inches away from an entirely different set of crop and feed prices. Inches of rain that is. During the Ag Outlook Meetings early this year, back when we thought grain and feed prices were high — and feed purchasers would appreciate being back at or below those price levels no — the prediction […]

Visiting other farms is great way to explore new ideas for your own dairy

Tuesday, September 4, 2012

Dairy farmers can tour two Ashtabula County farms Sept. 8.

Hunger Games provokes food musings

Thursday, August 30, 2012

Recently, my agriculture pursuits allowed me a venture into pop culture, as I made time to read The Hunger Games. Now the movie has been released and it prompted me to compare the author’s theme with the future of agriculture. Synopsis If you are not familiar with the fictional novel, it takes place in a […]

What if a family member wants to exit the family farm business?

Thursday, August 23, 2012

Family businesses are complex, challenging, rewarding and often gratifying, and many parents often desire for their children to continue the business. However, like some marriages, they don’t always work. Finances, poor communications, personal goals, leadership styles, management philosophy, and life changes are but a few of the reasons these separations occur. Suggestions So, if you […]

Feeding your herd this year will take planning, strategy and little creativity

Thursday, August 16, 2012

I had the privilege of traveling overseas to conduct research during part of the summer, so I missed all of the hot and dry weather during July. Using the Internet, I could follow the ongoing drama of the rain that never showed. But one can never appreciate the devastation until one sees it with his […]

Machinery custom rates for silage operations can vary by method

Thursday, August 9, 2012

Significant drought conditions in many parts of Ohio have led to an increased interest in harvesting corn as silage. With very few farmers owning silage-making equipment, many are looking to neighbors that do own silage harvesting-equipment or professional custom farming providers to help them meet their needs. Questions arise about custom farming rates and the […]

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