42 episodes

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.

Protecting Your Profits Center for Dairy Excellence

    • Business

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.

    March 2024: Protecting your profits, protecting your margin with DMC

    March 2024: Protecting your profits, protecting your margin with DMC

    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.

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

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

    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.

    • 1 hr
    November 2023: Looking at the controllables in your milk price with Jayne Sebright

    November 2023: Looking at the controllables in your milk price with Jayne Sebright

    December is a great time for planning, reflection, and looking at those controllables in your milk price . The Center’s Executive Director Jayne Sebright hosted the November “Protecting Your Profits” webinar. She shares her perspective on milk markets, supply factors, and what risk management programs are offering in terms of margin.

    • 22 min
    October 2023: Fall dairy markets and supply factors with Jayne Sebright and Zach Myers

    October 2023: Fall dairy markets and supply factors with Jayne Sebright and Zach Myers

    The Center’s Executive Director Jayne Sebright invited Zach Myers, who now serves as Director of Member Services for Maryland & Virginia Milk Producers Cooperative Association, back to the October “Protecting Your Profits” webinar. He shares his perspective on milk markets, supply factors, and what risk management programs are offering in terms of margin this fall.

    • 37 min
    September 2023: Total milk production down, Class IV prices moving ahead, and other dairy market updates with Jayne Sebright and Jacob Thompson

    September 2023: Total milk production down, Class IV prices moving ahead, and other dairy market updates with Jayne Sebright and Jacob Thompson

    The Center’s Executive Director Jayne Sebright invited Jacob Thompson, who serves as a Dairy Business Advisor for Land O’Lakes, back to the September “Protecting Your Profits” webinar. He shares his perspective on milk markets, supply factors, and what risk management programs are offering in terms of margin right now.

    • 26 min
    August 2023: End-of-summer dairy markets with Jayne Sebright and Jacob Thompson

    August 2023: End-of-summer dairy markets with Jayne Sebright and Jacob Thompson

    In our August “Protecting Your Profits” podcast, The Center’s Executive Director Jayne Sebright invited Jacob Thompson, who serves as a Dairy Business Advisor for Land O’Lakes, to share his perspective on milk markets, supply factors, and what risk management programs are offering in terms of margin right now. 

    • 28 min

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