Protecting Your Profits

Center for Dairy Excellence
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Protecting Your Profits

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. 

  1. OCT 7

    October 2024: Where does PA stand? PA dairy performance indicators snapshot with Rob Goodling

    In this month's "Protecting Your Profits" discussion, Rob Goodling from Horizon Farm Credit breaks down 17 benchmarks that are part of the PA Dairy Performance Indicators project. From year to year, these benchmarks help us compare individual dairy operations to how the top dairies in the data set are performing financially. Rob shares an overview of the 2023 data and a comprehensive snapshot of herd performance across various sizes and production types – revealing distinct patterns in milk p...

    1h 1m

  2. SEP 9

    September 2024: Top 3 farm safety risks and how to keep everyone safe with Dr. Florence Becot

    What daily responsibilities on the farm have the highest risk? The answer might surprise you. From animal handling and manure application to horizontal silos and working with heavy machinery, dairy farmers are exposed to a large amount of risk on a daily basis. According to 2019 data from the US Bureau of Labor Statistics, the agricultural sector is the most dangerous in America. While most dairy farmers accept the risk involved in the profession and enjoy working with their hands, farm safet...

    57 min

  3. AUG 13

    August 2024: The read on feed markets, a market update and intro to managing feed risk with Ever.Ag

    In this month's episode, Kathleen Noble Wolfley and Bryce Windecker from Ever.Ag explored market factors that are influencing feed price and shared strategies to help farmers mitigate feed price risk. They gave an update on key feed commodity markets, including corn, soybean meal, canola and cottonseed. They also shared a deep dive into basis trends in the Northeast and ways for livestock producers to manage feed risk.

    59 min

  4. JUL 15

    July 2024: FARM program overview and version 5.0 updates with Beverly Hampton Phifer

    If you’ve been wondering about the changes released in the FARM 5.0 Program and how they impact dairy producers, Beverly Hampton Phifer, Senior Director of Animal Care from the National Dairy FARM Program, joined us to talk through key changes and updates. From animal care standards to best practices for human resources, farm safety and overall workforce development, Beverly Hampton Phifer gave a detailed overview of some of these standards and how they can be part of producers’ day-to-day ri...

    52 min

  5. JUN 24

    June 2024: Top 5 things you need to know about dairy markets featuring Ever.Ag

    In our June "Protecting Your Profits" discussion, facilitated by Valerie Mason-Faith, Risk Education Manager at the Center, we featured Kathleen Noble Wolfley and Colin Kadis from Ever.Ag. They provide an overview of April’s Pennsylvania Scorecard numbers, Class III and Class IV prices and futures, milk production dynamics, domestic demand, dairy exports, macro markets, and Dairy Revenue Protection.

    1h 2m

  6. MAR 22

    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...

    41 min

  7. JAN 19

    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, ...

    1 hr

  8. 12/05/2023

    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.

    23 min
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About

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. 

Information

  • Creator
    Center for Dairy Excellence
  • Years Active
    2020 - 2024
  • Episodes
    47
  • Rating
    Clean
  • Copyright
    © 2024 Protecting Your Profits
  • Show Website
    Protecting Your Profits

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