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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: 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
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
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
Dairy Sense: Reviewing the DHIA 202 Sheet
Dairy Sense: Reviewing the DHIA 202 Sheet - Articles Articles
Records and data are common place when operating a dairy. The dairy herd information association (DHIA) provides both a holistic and current overview of what is happening with the cows. 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
Dairy Risk-Management Education: Tracking Milk Prices and Feed Costs
Dairy Risk-Management Education: Tracking Milk Prices and Feed Costs - Articles Articles
Milk and feed prices are extremely volatile. In this publication, two measures are developed to monitor milk prices and feed costs in order to have some degree of control over gross profits. 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
From Harvest to Feed: Understanding Silage Management
From Harvest to Feed: Understanding Silage Management - Articles Articles

From Harvest to Feed: Understanding Silage Management

Coleen M. Jones, Gregory W. Roth, Ph.D., Virginia A. Ishler

Feeding adequate quantities of high-quality forages is the basis of profitable milk and livestock production. 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
Beef cattle in a feedlot
Certified Feed Management Planners: Beef - Articles Articles

Certified Feed Management Planners: Beef

Virginia A. Ishler, Tara L. Felix

Resources for certified feed management planners who are preparing feed management plans for beef herds. Required Items for a Completed Feed Management Plan More
Conventional Feed Schedule Component Conventional Feed Schedule Component - Articles

Conventional Feed Schedule Component

Virginia A. Ishler, Dan Ludwig

Feed management plan in a tie-stall dairy facility 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
Dairy Risk-Management Education: Managing Income Over Feed Costs Dairy Risk-Management Education: Managing Income Over Feed Costs - Articles
To remain profitable, producers should be monitoring and making decisions based on their herd's "income over feed costs" (IOFC). More
Prévention et Contrôle des Problèmes d’aplombs Chez les Vaches Laitières
Prévention et Contrôle des Problèmes d’aplombs Chez les Vaches Laitières - Articles Articles

Prévention et Contrôle des Problèmes d’aplombs Chez les Vaches Laitières

Virginia A. Ishler, David R. Wolfgang, VMD, MPH DABVP-Dairy, Dave Griswold, Bruno Martin

La santé des aplombs et les boiteries sont des soucis majeurs auxquels les producteurs de lait font face à cause de leur apparition fréquente et des pertes économiques énormes engendrées. More
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