Table of Contents Introduction Strategic thinking is the intuitive, visual, and creative process you use to make decisions about your farm business. Strategic thinking is all about thinking ahead, predicting what your competition is going to do, and then taking risks to succeed. You’re thinking big, you’re thinking deep, and you’re thinking across time. You […]
Prices have remained stable and are expected to continue this trend into the fall and the rest of the year. Butter prices, along with slightly constrained milk supplies, have contributed to supporting farm-level prices. Although demand remains steady but unremarkable both domestically and internationally, it continues to absorb market supply. However, any decline in demand or increase in milk supply could exert downward pressure on prices as we move into the early part of 2025.
Key elements of a successful business partnership include open and honest communication, setting clear expectations, and defining quality standards emphasizing the importance of independence, flexibility, and documentation to ensure a successful partnership.
“Is my operation big enough?” It’s a loaded question that includes values, policy, lots of opinions, more than a few arguments, and even a little economics, the latter of which is the subject here. Economically “big enough” is the capacity needed to achieve profit goals given prices and costs of production. There are two sources of […]
Nyob rau daim video no, Nkaujhnub Thoj, uas yog ib tug Extension Specialist uas nws ua haujlwm pab rau cov neeg ua teb piav txog cov txiaj ntsim ntawm kev muab av mus sim/kuaj thiab piav txog kev yuav muab cov av li cas thiab yuav xa li cas mus sim/kuaj. Daim video no yog yuav muab hais ua lus HMoob los qhia txog kev pab cuam rau cov HMoob ua teb ua tsis paub lus Askiv txaus.
Numerous supply constraints and varying demand factors currently shape the industry. Milk production, feed prices, geopolitical developments, and environmental conditions are the major factors influencing milk prices during the first quarter of 2024.
Increased efficiency at the farm level has muted the milk supply response as traditionally measured by cow numbers. We have seen milk supplies slowly tighten through the first half of 2024 and might be seeing signs of tightening supplies at the processor level.
In spring of 2023 Extension increased outreach efforts to Wisconsin’s Hmong farmers. Since then, Gaonou Thao, Hmong/HMoob Farm Outreach Specialist has developed culturally and linguistically relevant educational materials for this population.
Are you or someone you know facing challenges in maintaining your farming operation due to an injury or other physical or health-related disability?
The HMoob community plays a significant role in Wisconsin, with a growing presence and impact on the state’s demographics, economy, and cultural landscape. This report provides a detailed overview of the HMoob population in Wisconsin.
PTSD was first recognized as a condition that affected some war veterans. Later, it was learned that PTSD can be caused by any number of traumatic events, such as a car accident, natural disaster, near-death experience, or other isolated acts of violence or abuse.
The U.S. dairy market is potentially at a turning point, marked by reduced culling, stable cheese inventories, and rising butter stocks. Improved milk prices and strong export performance offer some optimism.
Crop Insurance is a federal government instituted and managed entity, so there are more rules and added opportunities beyond the basics. In this article, we are going to introduce more of these opportunities within the policies we have reviewed, introduce other policy types available for other crops, and showcase some of the more important crop […]
Crop Insurance is a risk management tool available to farms through which they may insure their farm’s production in a given year. If you don’t have any production, what do you have to market? In reality, not much, if anything. Farms are able to utilize grain marketing tools because of the opportunities presented to them […]
The first decision point within a crop insurance selection process is about primary policy type. Once you have selected the policy type, there are still some important decisions to make. The most important of these other decisions are the Coverage Level and Unit Structure which you want to utilize. Both will significantly impact your risk […]
Four policy types are available for most crops. There are 2 pairs of options within the policy decision. There are exceptions for regionally minor crops. Yield vs Revenue Protection Yield Protection crop insurance policies protect against low yields. Period. Revenue Protection crop insurance policies protect against reduced revenue, whether brought about by lower yields, lower […]
Crop Insurance is quite the commodity. It combines insurance (lawyers, accountants, and mathematicians) with government. If that doesn’t sound scary, you’re probably in the minority. That fact aside, crop insurance in the U.S. has actually been designed to help farms cost-effectively manage their production risk. In the process of doing so, crop insurance policies can […]
When working on your farm, it’s important to have the right tool and knowledge for the job at hand. There are a variety of tools available for the job of implementing your grain marketing plan. These tools will provide you with a variety of ways to interact with the cash and futures market. This graphic […]
