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Simplify Your Financial Records Process - Articles Articles

Simplify Your Financial Records Process

Robert C. Goodling, Jr.

There is great potential in using software to help manage and decipher a business’ financial data. There are key concepts agricultural businesses can consider to simplify the process. More
"Fall Inspirations" by Erin Goodling
Dairy Outlook: November 2018 - Articles Articles

Dairy Outlook: November 2018

Robert C. Goodling, Jr., David L. Swartz, Claudia Schmidt, Ph.D., Timothy Beck, Virginia A. Ishler

Milk prices appear to be starting a slow, methodical climb. Feed costs remain in flux with harvest and quality uncertainties. More
Yogurt Dairy Refrigerator-2722678 by Albany Colley. Pixabay.com. CC0
Dairy Outlook: October 2018 - Articles Articles

Dairy Outlook: October 2018

Robert C. Goodling, Jr., David L. Swartz, Claudia Schmidt, Ph.D., Timothy Beck, Virginia A. Ishler

Current dairy markets are hinting at potential gradual increase in milk price into 2019. Global trade volatility continues to hinder widespread optimism. More
milk-spilt-white-glass-spill-1543193 by ponce_photography. Pixabay.com CC0
Dairy Outlook: September 2018 - Articles Articles

Dairy Outlook: September 2018

Robert C. Goodling, Jr., David L. Swartz, Claudia Schmidt, Ph.D., Virginia A. Ishler, Timothy Beck

Milk prices remain on the low side of a four-year modest price range. Monitoring a producer's individual price regularly is vital to see trends and potential opportunities at the farm level. More
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Efficient Data Use Key to Maximizing Advisory Team Efforts - Articles Articles
Monitoring too many metrics can limit a team's discussion of current issues. Prioritize key data to make the best use of your team resources. More
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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
"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
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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
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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
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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
R. Goodling Penn State
Dairy Outlook: December 2017 - Articles Articles

Dairy Outlook: December 2017

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

The milk price forecast for 2018 is starting to solidify, and good news is hard to find. U.S. milk production growth has slowed, but global supply is still hampering future price increases. More
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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
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Dairy Outlook: September 2017 - News News

Dairy Outlook: September 2017

09/15/2017

A monthly summary of market trends for milk price, feed cost, and income over feed cost. More
geralt on pixabay.com CC0
Job Description Generator for the Dairy Industry - Tools and Apps Tools and Apps

Job Description Generator for the Dairy Industry

Lisa A. Holden, Robert C. Goodling, Jr.

The Job Description Generator is an online tool that automates the process so preparing a job description is quick and easy. More
Penn State Dairy Herd Metrics
Penn State Dairy Herd Metrics - Tools and Apps Tools and Apps

Penn State Dairy Herd Metrics

Robert C. Goodling, Jr.

A mobile application to assess heifer availability and needs for a dairy operation. Provides ability to investigate scenarios and economic impact. More
Farm Margin Tool
Farm Margin Tool - Tools and Apps Tools and Apps

Farm Margin Tool

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

The Farm Margin mobile application is the first step in calculating a dairy's break even cost of production. More
Crop Cents Mobile App
Crop Cents Mobile App - Tools and Apps Tools and Apps

Crop Cents Mobile App

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

CropCents is a mobile app that calculates actual costs to produce home raised feeds for crop, dairy, and beef producers. More
Do You Know Your Costs to Grow Feed?
Do You Know Your Costs to Grow Feed? - Articles Articles

Do You Know Your Costs to Grow Feed?

Robert C. Goodling, Jr.

Feed costs tend to be the largest expense on a dairy operation and managing those costs contributes to a dairy’s ability to be profitable. More
Penn State Monthly Cash Flow Spreadsheet
Penn State Monthly Cash Flow Spreadsheet - Tools and Apps Tools and Apps

Penn State Monthly Cash Flow Spreadsheet

Timothy Beck, Robert C. Goodling, Jr.

If you plan to use only Excel 2007 or Excel 2010 with the spreadsheet, use this version. (2007 or 2010 Excel file) Updated February 2012. More
Annual Cash Flow
Annual Cash Flow - Tools and Apps Tools and Apps

Annual Cash Flow

Virginia A. Ishler, Robert C. Goodling, Jr., Timothy Beck, Mathew M. Haan, J. Craig Williams, Mauricio Rosales

A basic annual cash flow tool to identify cash inflows/outflows for the dairy enterprise. For a more in-depth analysis utilize the Know Your Numbers program. More
Monthly Monitor
Monthly Monitor - Tools and Apps Tools and Apps

Monthly Monitor

Lisa A. Holden, Robert C. Goodling, Jr.

Use the Monthly Monitor to track key production and financial indicators for dairy advisory teams. More
Partially chopped field of corn for silage
Spreadsheet to Price Standing Corn for Silage - Tools and Apps Tools and Apps

Spreadsheet to Price Standing Corn for Silage

Timothy Beck, Virginia A. Ishler, Robert C. Goodling, Jr., Gregory W. Roth, Ph.D., Paul Craig, Douglas Beegle, Ph.D., Ken Griswold

Use this spreadsheet to price your standing corn for silage. More
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