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Photo: Steve Williams, Penn State
Margins and Cash Flow Impacted Herds Differently - Articles Articles

Margins and Cash Flow Impacted Herds Differently

Virginia A. Ishler, Timothy Beck

Good decisions can only be made when a farm’s breakeven margin is known and monitored. 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
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
"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
"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
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
"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
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
"Glass of milk" by Couleur on pixabay.com CC0
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
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
Photo credit: Heather Weeks
Financial Troubleshooting for your Dairy Business - Articles Articles
Five steps to monitoring the financial health of a dairy business. 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
Dairy Risk-Management Education: Managing Income Over Feed Costs
Dairy Risk-Management Education: Managing Income Over Feed Costs - Articles Articles
To remain profitable, producers should be monitoring and making decisions based on their herd's "income over feed costs" (IOFC). 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
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
Using a TMR Mixing Sheet to Control Rations and Determine Feed Costs
Using a TMR Mixing Sheet to Control Rations and Determine Feed Costs - Articles Articles
Instructions for using the TMR Mix Sheet spreadsheet to accurately mix total mixed rations. More
Where’s the Variation in Dairy Breakeven Costs?
Where’s the Variation in Dairy Breakeven Costs? - Articles Articles
An examination of 2015 cash flows for 107 Pennsylvania farms showed that breakeven cost ranged from less than $16/cwt to over $22/cwt. More
Cash Flow Planning
Cash Flow Planning - Articles Articles

Cash Flow Planning

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

Keys to managing your operation for dairy profitability. More
Spreadsheet to Price Standing Hay-crop Forage
Spreadsheet to Price Standing Hay-crop Forage - Tools and Apps Tools and Apps

Spreadsheet to Price Standing Hay-crop Forage

Virginia A. Ishler, Timothy Beck

This Excel spreadsheet estimates prices for standing hay-crop forage for both a buyer and grower perspectives. More
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