financial management

  1. Reality: Dairymen are hurting

    Oct 19, 2017

    The December 2016 final milk check, which will be deposited in cash-starved farm checking accounts this week, brings some small relief to Ohio’s dairy farmers.

    With the Class III milk price announced at $17.40 per hundredweight (cwt.), the negative 61-cent Producer Price Differential brought the Statistical Uniform Price (SUP) in at $16.79 per cwt.

    The good news is that both the Class III price and the SUP were record highs for 2016. The bad news is that both the Class III and SUP were record highs for 2016.

  2. Measure your farm's financial health

    Oct 19, 2017

    Exactly two years ago, we knew we were heading into a down cycle in the dairy industry following the major high of 2014.

    How well each farm would fare through the coming years of substantially lower milk prices would be heavily influenced by the financial health of the farm going in. Cash or near-cash reserves would be tapped.