The dairy industry is capital intensive. Maintaining strong relationships with your lender, based on YOUR farm’s financial data, will help navigate through all the different market conditions. Specifically, using financial thresholds and benchmarking against similar farms will help your farm’s financial resiliency over time.
This month Dr. Chris Wolf joins us from Cornell to discuss the article is titled, “Financial risk and resiliency on US dairy farms: Measures, thresholds, and management implications”. Listen in to this deep dive into the metrics the Cornell dairy team used to benchmark over a 10-year period.
Additionally, we discuss the recent Silicon Valley bale out and if we should expect it to have any impact on Ag Lending. Understanding these key financial thresholds is an effective management tool for successful herds throughout New York, listen in to see what they can do for your farm!
#2xAg2030; #journalofdairyscience; @jdairyscience; #openaccess; #MODAIRY; #benchmark; #FINBIN; #CornellBusinessSummary; #financialresiliency
DSD 3.9| Turn methane from a liability into an asset
DSD 3.8 | The high fertility cycle
DSD 3.7 | Is She Settled?
DSD 3.6 | Not your Grandfathers Sorghum
DSD 3.5 | Modeling biometrics benchmarks for a successful transition cow management
DSD 3.4 | Under the hood
DSD 3.3 | Financial Resilience – the individual cow effect
DSD 3.2 | Unleashed Energy
DSD 3.1 | Don’t waste your GnRH
DSD 2.12 | New Rx for Dehorning?
2.11 | Measuring Fat During the Transition Period
DSD 2.10 | Impact of on farm feed in your AMS
DSD 2.9 | Educating Consumers
DSD 2.8 | Consider Cobalt
DSD 2.7 | Timing of Prefresh Vaccination matters
DSD 2.6 Doesn't cost a thing
DSD 2.4 | Reproductive Success for late calving grazers
DSD 2.3 | Fresh Cow Ration - Protein Matters
DSD 2.2 - The Future of Milk testing | pregnancy, disease and efficiency
DSD S2E1 Solar Panels in your dairy system
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