44 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.

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

    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...

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

    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.

    • 1 hr 2 min
    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...

    • 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, ...

    • 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

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