The Financial Situation in the Dairy Industry
As the economic conditions in the dairy sector continue to deteriorate many dairy farm businesses are experiencing financial stress. This page contains a number of resources that can be used to help understand the economic factors behind the current situation as well as resources related to making managerial decisions in tough economic times. In addition to the printed materials below, an accompanying podcast is available for several of the resources. The podcasts contain audio commentary on the presentations and are available free of charge through the i-tunes store. Information on how to access the podcasts can be found here.
Finally, those currently experiencing financial stress and looking for assistance should consider contacting the New York FarmNet Program. This program has a network of experienced consultants that are available free of charge to farmers.
Resources and Information on the Economic Situation in the Dairy Industry
The outlook for milk prices by Mark Stephenson. Powerpoint or pdf (podcast available)
An update on feed grain and financial markets as well as the financial condition on New York dairy farms by Brent Gloy. Powerpoint or pdf (podcast available)
A presentation about making sense of volatile times presented by Brent Gloy at the Delaware Governor's Conference on Agriculture. Powerpoint or pdf
A description of the NY FarmNet program and information about working with FarmNet by Ed Staehr. Powerpoint or pdf (podcast available)
A discussion of 10 profitable dairy herd management opportunities by Tom Overton and several other Cornell Dairy Scientists. MS Word or pdf
Wayne Knoblauch's presentation on some financial do's and don'ts. MS Word or pdf (related podcast)
Wayne Knoblauch's handout on managing in difficult times. MS Word or pdf (related podcast)
Tom Overton and Larry Chase discuss 10 low investment high return management opportunities for dairy farms. Powerpoint or pdf (related podcast)
Podcast Series with Audio about the Current Situation
A special thanks to Mark Stephenson and the Cornell Program on Dairy Markets and Policy for developing the accompanying podcasts. Information on how to download the audio podcasts about the financial situation in the dairy industry can be found here.
The entire set of podcasts can be downloaded from the I-Tunes store by clicking here.