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.