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Hard Cider Business Benchmark Survey
Hard Cider Business Benchmark Survey - Articles Articles
This study enables cider makers to identify areas for potential cost savings to allow their businesses to operate with more profitable margins and to further understand the current state of the cider production marketplace. More
Photo credit: Mat Haan
Dairy Sense: Feed Costs—The Big Player in Profitability - Articles Articles
Keeping feed costs in line with milk production can help you maintain a competitive margin, and there are several ways to achieve this goal. More
Photo credit: Coleen Jones
Dairy Sense: Managing Family Living Expenses - Articles Articles
Taking an owner draw that exceeds milk income can create financial strain. Here's a simple method to calculate what the operation can cover for family living expenses. More
Telephone-telegraph-pole-wire-1822040 by aitoff. Pixabay.com. cc0
Dairy Outlook: June 2018 - Articles Articles

Dairy Outlook: June 2018

David L. Swartz, Robert C. Goodling, Jr., Timothy Beck, Virginia A. Ishler

Milk price continued slow climb, but milk margins remain tight. Current tumultuous environment in global trade may limit long term progress. More
David Swartz, Penn State
Dairy Outlook: May 2018 - Articles Articles

Dairy Outlook: May 2018

David L. Swartz, Robert C. Goodling, Jr., Timothy Beck, Virginia A. Ishler

Long term survival of a dairy operation will hinge on management’s ability to find ways to push the cost of production below $17.50/cwt while maintaining some level of reinvestment in the operation. More
Photo courtesy of USDA NRCS, Maryland
Dairy Sense: The “Other” Enterprise on Dairies - Articles Articles
If forage needs for the herd are being met, crop sales may offer an additional revenue stream for dairy farms. More
Photo by Lynn Betts, USDA NRCS
Dairy Sense: Fixing Broken Financials - Articles Articles
Troubleshooting financials begins with evaluating liquidity, solvency, efficiency and profitability. This will require updating the income statement, cash flow and balance sheets. More
"duck-2166056" alexas_fotos, pixabay.com CC0
Dairy Outlook: April 2018 - Articles Articles

Dairy Outlook: April 2018

Robert C. Goodling, Jr., David L. Swartz, Timothy Beck, Virginia A. Ishler

Pennsylvania dairy cash flows continue to be upside down as income over feed cost and milk margins shrink and are below breakeven levels. More
Credit Squeeze by Stevepb on pixabay.com cc0
Dairy Outlook: March 2018 - Articles Articles

Dairy Outlook: March 2018

David L. Swartz, Robert C. Goodling, Jr., Virginia A. Ishler, Timothy Beck

With cow numbers steady, increasing domestic milk production, robust inventory of dairy products, and other factors, there are no market signals to indicate strength for future milk prices. More
Roller Coaster by dlohner on pixabay.com cc0
Dairy Outlook: February 2018 - Articles Articles

Dairy Outlook: February 2018

David L. Swartz, Robert C. Goodling, Jr., Timothy Beck, Virginia A. Ishler

All milk price for December 2017 showed the anticipated drop from the previous month. Feed price were steady, created a slightly smaller Income over Feed Cost opportunity. More
Dairy Sense: Formula to Profitability is MBA
Dairy Sense: Formula to Profitability is MBA - Articles Articles
Successful farms implement good management practices, find balance in their various enterprises, and invest in appropriate assets. More
Dairy Sense: Qualifying for the Six Pound Club
Dairy Sense: Qualifying for the Six Pound Club - Articles Articles
Increasing milk components can boost milk price even if milk volume stays the same. More
"Glass-milk-white-cows-milk" by Pezibear on pixabay.com CC0
Dairy Outlook: January 2018 - Articles Articles

Dairy Outlook: January 2018

David L. Swartz, Robert C. Goodling, Jr., Virginia A. Ishler, Timothy Beck

Current predicted Class III price for the first 11 months of 2018 is averaging $14.57/cwt. To face the year with optimism is to be sure dairy producers really understand their cost of production. More
Photo credit: Matt Gabler
Dairy Sense: Know Your Herd’s Feed Costs? - Articles Articles
Maintaining positive cash flow on dairy farms requires good management of cropping, feeding, and financials. More
Photo credit: Dave Swartz
Dairy Sense: The Major Influencer of Cash Flow Mechanics - Articles Articles
Focus on total pounds of milk produced, not milk per cow, for positive cash flow. More
"Open road stormy sky" Desertrose7, pixabay.com CC0
Dairy Outlook: November 2017 - Articles Articles

Dairy Outlook: November 2017

David L. Swartz, Robert C. Goodling, Jr., Timothy Beck, Virginia A. Ishler

Markets continue to move sideways with little prospect for forecast price improvement. None of the factors that are well known give much optimism for price improvement More
Photo credit: Shannon Wingert
Milk Price, Feed Cost, and Margin: A Historical Perspective - Articles Articles
Fluctuating milk prices and feed costs stress dairy operations' cash flow. Making decisions based on milk margin and income over feed cost are crucial to profitability. More
Robert Goodling, Penn State
Dairy Outlook: October 2017 - Articles Articles

Dairy Outlook: October 2017

David L. Swartz, Robert C. Goodling, Jr., Timothy Beck, Virginia A. Ishler

October dairy outlook: little potential for increases in milk price; feed prices trending downward; harvests provide breathing room to milk margin/IOFC for Pennsylvania producers. More
IOFC Request Form - Online
IOFC Request Form - Online - Articles Articles
Use this to submit IOFC data directly to the Penn State Extension Dairy team. Someone will reply within 2-3 business days. More
The New Northeast Model
The New Northeast Model - Articles Articles

The New Northeast Model

Virginia A. Ishler

There is no easy solution to the present market situation, however there are some strategies that might help take the sting out of the current dilemma. More
Photo credit: Jill Kopfer
Margin Makeover - Articles Articles

Margin Makeover

Virginia A. Ishler

Smart decisions can be made when an operation knows their breakeven margin, but when comparing to benchmarks, make sure calculations use the same units. More
2003 Economic Impact and Population Study
2003 Economic Impact and Population Study - Articles Articles
In 2003, the equine industry provided 20,300 jobs to the Commonwealth of Pennsylvania. More
The most accurate method to assess the genetic potential of your sheep is through EBV data.
Use Flock Records to Set Goals and Make Selection Decisions - Articles Articles
Where are you headed in the future? Do you have any production goals for your flock of sheep? More
Cash Flow Planning Cash Flow Planning - Articles

Cash Flow Planning

Virginia A. Ishler, Timothy Beck, Robert C. Goodling, Jr.

Keys to managing your operation for dairy profitability. More
The graph generated from the Penn State IOFC tool
Income Over Feed Cost - Articles Articles

Income Over Feed Cost

Virginia A. Ishler

Monitoring income over feed costs (IOFC) is a way to evaluate a dairy's profitability. Several options are available to determine and interpret IOFC. More
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