Business Management
Appraised values rebounded in 2023 with a 22% surge in value compared to 2022. Rising construction costs elevated per-stall values, while land values near dairy facilities have consistently risen due to competition within the industry and due to external factors.
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Happy New Year: Time to start making smart tax moves in 2024
Gifting and planning strategies for producers to utilize the current high lifetime estate and gifting exemption while saving on taxes.
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Economic Update: Lots of dairy numbers to start the new year
Concerns over higher interest rates, input inflation and supplies are subsiding.
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Be SMART about stress in your business
Sleep, exercise, proper nutrition, rest and positivity can protect against the damaging effects of chronic stress.
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November 2023 DMC margin moves above indemnity trigger
Small changes in the U.S. average feed cost and milk price were enough to push November’s Dairy Margin Coverage (DMC) margin higher.
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Managing medical bills for farmers: A guide to negotiation and assistance
Proactive measures before the medical procedure along with closely examining the bill for errors or price gouging and then working with an advocate if needed can help farmers avoid medical debt.
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Navigating labor costs: Leveraging technology for efficiency
Key considerations for implementing on-farm technology to optimize labor efficiency include assessing how the investment aligns with capital plans and long-term goals, team communication, training requirements and the impact on cow flow, facility layout and maintenance.
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Dairy risk management calendar: January 2024
The 2024 Dairy Margin Coverage (DMC) program enrollment period should be announced soon.
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The four-part financial package that rebuilt a lender’s trust
When combined with an actionable plan, a cash flow statement, current budget, projected budget and regular progress reports are four documents that can help to rebuild trust with a lender.
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Economic Update: January 2024 Class I base price weakens
‘Average-of’ formula continues to impact price
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