Protecting Your Profits

By: Center for Dairy Excellence
  • Summary

  • Managing risk and protecting your profits on a dairy farm isn’t always easy, but it’s a necessary part of running your business. Welcome to the “Protecting Your Profits” podcast – a brief monthly update designed to give you the data, production trends, and national and statewide updates you need to manage your dairy’s risk management strategy.
    © 2024 Protecting Your Profits
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Episodes
  • July 2024: FARM program overview and version 5.0 updates with Beverly Hampton Phifer
    Jul 15 2024

    If you’ve been wondering about the changes released in the FARM 5.0 Program and how they impact dairy producers, Beverly Hampton Phifer, Senior Director of Animal Care from the National Dairy FARM Program, joined us to talk through key changes and updates. From animal care standards to best practices for human resources, farm safety and overall workforce development, Beverly Hampton Phifer gave a detailed overview of some of these standards and how they can be part of producers’ day-to-day risk management strategies. With new versions (Version 5.0) of the Animal Care and Workforce Development Programs just released on July 1, 2024, she reviewed some of the key updates and how they impact dairy producers — including updates focused on refining and clarifying previous standards surrounding euthanasia, fitness for transport, calf management, and continuing education among others.

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    52 mins
  • June 2024: Top 5 things you need to know about dairy markets featuring Ever.Ag
    Jun 24 2024

    In our June "Protecting Your Profits" discussion, facilitated by Valerie Mason-Faith, Risk Education Manager at the Center, we featured Kathleen Noble Wolfley and Colin Kadis from Ever.Ag. They provide an overview of April’s Pennsylvania Scorecard numbers, Class III and Class IV prices and futures, milk production dynamics, domestic demand, dairy exports, macro markets, and Dairy Revenue Protection.

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    1 hr and 2 mins
  • March 2024: Protecting your profits, protecting your margin with DMC
    Mar 22 2024

    We held a special "Protecting Your Profits" webinar in March. Jayne Sebright, Executive Director at the Center, led the webinar and invited Cynthia Walters, Agricultural Program Specialist with the USDA, to provide an overview of changes in the Dairy Margin Coverage (DMC) Program for 2024. With the Farm Bill extended through December, DMC enrollment is now open, with dairy farmers having until April 29 to enroll in the margin-based insurance coverage program.

    Jayne Sebright also shared a short recap on where dairy markets are and what factors could influence the margins going forward in 2024.

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    41 mins

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