Protecting Your Profits  By  cover art

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
  • 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
  • January 2024: Dairy performance indicators and where PA stands with Rob Goodling and Jayne Sebright
    Jan 19 2024

    We hosted a special edition of our monthly “Protecting Your Profits” webinar to kick off a new year. Rob Goodling from Horizon Farm Credit shared 17 performance indicators that have been gathered and analyzed by the Center, Penn State Extension, and Horizon Farm Credit as part of a joint project. A total of 220 herds of various sizes make up the data set in the findings that Goodling will share in the webinar. Ranging from herd performance metrics to financial performance metrics, the performance indicators can help Pennsylvania dairy farm families and the industry representatives who support them to compare their individual dairy performance against the “state” average.

    Sebright also shared updates on dairy markets and market factors influencing dairy in early 2024.

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    1 hr

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