Cost of Production

Wisconsin Calculated Milk Cost of Production Ken Bolton, UW-Extension, Center for Dairy Profitability January 2012 August 2012 February 2012 September 2012 March 2012 October 2012 April 2012 November 2012 May 2012 September 2011 June 2012 October 2011 July 2012   2017 “Management in Times of Tight Margins” 2015 “DuPont System for Financial Analysis” 2014 “This Thing Called Debt – A Value or Danger” 2011  “Milk Production Costs in 2009 on Selected Wisconsin Dairy Farms” Bolton, Ken and Jenny Vanderlin. University of Wisconsin, Center for Dairy Profitability. April 2011. 2009  “Milk Production Costs in 2008 on Selected Wisconsin Dairy Farms” Bolton, Ken

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Grazing and Organic

2006 “Costs for Wisconsin Dairies Using Rotational Grazing Practices: new evidence from agricultural resource management survey data.” Jones, Bruce L. University of Wisconsin, Department of Agricultural & Applied Economics. September 2006. “Pastures of Plenty: Financial Performance of Wisconsin Grazing Dairy Farms – Fifth Year Report” Prepared by Tom Kriegl, UW-Madison Center for Dairy Profitability and Ruth McNair, UW-Madison Center for Integrated Agricultural Systems. Report was funded in part by a USDA-CSREES grant to CIAS and was published following a joint effort between CDP and CIAS. June 2006 2005 “A Ten Year Economic Look at Wisconsin Dairy Systems” Tom Kriegl and Gary

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Farm Succession Planning

Farm succession planning is a journey rather than a one-time event. It involves not only the transfer of livestock, machinery, feed and supply inventories and land, but also the transfer of management and possibly the family home. Planning for succession should include intentional conversations to develop plans that fit the farm’s goals and needs. In addition to the succession plan, retirement planning, or as we like to call it, Shifting Gears for Your Later Farming Years, is also an important and parallel planning process. The University of Wisconsin-Madison Division of Extension has several educational resources for farm businesses considering farm

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Farm Financial Management & Analysis

   Farming Your Finances (2018) A two-day workshop for understanding an agriculture business designed for farm women and men who are interested in improving their farm financial management skills, part of the fabric of farm life and the farm business.    Center for Farm Financial Management (CFFM) – University of Minnesota The Center for Farm Financial Management’s purpose is to develop educational tools for farmers, agricultural lenders and educators that apply the principles and concepts of farm planning, financing and analysis in a practical manner. The website describes their software FINPACK, DairyCHAMP, PLANETOR, MAP and others.    Interpreting Financial Statements

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Dairy Proforma Calculator

Program lets you look at expansions, contractions, and/or changes in the way you do business. Enter the current year’s values for your farm, then enter a change in cow numbers, investment in buildings, machinery, etc., production per cow, number of heifers kept, etc. Now check to see if your financial situation changes for the better, and how sensitive your new cash flow is to the changes in milk price, production per cow, corn price, protein price and/or hay price. Dairy Proforma Calculator Dairy Proforma Calculator Instructions  

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