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Wisconsin s master cheesemaker program shows quality and commitment

Ag economist warns of rising dairy feed costs

Grigorenko/Getty Images TOO MUCH MILK: The U.S. is not the only country culling dairy cows. Ag economist Dan Basse said the European Union’s monthly milk production is the lowest since 2017, and Oceana’s milk production is down the most since 2016. Milk price won’t reach $20 until more cows are culled. Corn prices are expected to climb to $6 per bushel and soybean meal as high as $470 per metric ton this year, according to agriculture economist Dan Basse, president of AgResource Co. of Chicago. Rising feed margin pressure will persist throughout 2021, Basse told viewers on a Dairy Signal webcast on April 1 sponsored by Professional Dairy Producers. He advised dairy producers to think ahead on feed and forage needs.

12 criteria to measure dairy farm success

Farm Progress BIGGEST EXPENSE: Feed cost is usually the No. 1 expense on a dairy farm, consultant Gary Sipiorski said. It can account for 30% to 45% of the milk check. Farm Financial Standards Council offers “Dairy’s Dozen” to determine farm’s profitability. After the farm crisis in the 1980s, the Wisconsin Banker’s Association started to analyze a dairy farm’s financial situation,” said Kevin Bernhardt, agribusiness professor at University of Wisconsin-Platteville. This group evolved into the Farm Financial Standards Council. The group still meets once a month. “The Farm Financial Standards Council looks at 12 factors to determine if a dairy farm is profitable,” Bernhardt explains.

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