Dairy producers and others involved in production agriculture are reminded that registration for the Financial Impairment on the Farm Webinar and the Planning for Profitability program closes Friday, July 26. Iowa State University Extension and Outreach Dairy Specialist Fred M. Hall says that both programs are being hosted at no charge to participants. Producers and personnel from agribusinesses are welcome to register for one or both of these educational programs.
Dr. Hugo Ramirez, ISU Extension Dairy Specialist, will outline the importance of consistency when handling animals and teaching employees the reasons for specific protocols. He will discuss why farm guidebooks and manuals are especially vital in a tight labor market.
The second topic is risk management education, especially information on the new Dairy Revenue Protection program, LGM, contracts and other risk management tools. Ron Mortensen from Dairy Gross Margin, LLC, will lead the discussion and answer questions.
Bob Naerebout, with the Idaho Dairymen’s Association, will discuss responsible immigration reform. His role with the Idaho Dairymen’s Association is to lead the IDA in its government affairs and he continues to serve on various national dairy industry boards. Many of those boards’ primary goal is to see responsible immigration reform successfully moved forward. Naerebout currently serves on the Executive Committees of both the National Immigration Forum and the Agricultural Coalition for Immigration Reform. He is also a committee member of the University of Idaho Latino Advisory Committee and the National Milk Producers Federation Immigration Taskforce. Through his engagements surrounding immigration reform, Naerebout and the IDA have become widely recognized as a leader in the immigration reform debate.
ISU Extension Dairy Specialist Fred M. Hall will discuss current trends in the milk market and offer some useful benchmarks for dairymen as they evaluate their enterprise.
The day will begin with registration at 9:00 a.m. at the ISU Extension and Outreach Sioux County office located at 400 Central Avenue Northwest in Orange City, and will conclude around 2:00 p.m.
There is no registration fee, but pre-registration is required by calling the ISU Extension and Outreach Sioux County office at 712-737-4230. Deadline for registration is 12:00 noon on Friday, November 30.
At the Siouxland Agricultural Lenders Seminar on November 1, we surveyed the participants on what they were seeing in their ag loan portfolios in light of the current ag economy. The 58 attendees were from five states represented 20 lending institutions and 13 other ag industries. More importantly they represented service to over 500 dairies, 317,725 milking cows and 108,400 acres producing feed for those cows.
August Survey Results at a Glance:
* For a seventh straight month the overall index rose above growth neutral.
* Bankers reported a decline in the sale of agriculture equipment and expect sales to decline by another 7.8 percent over the next 12 months.
* More than one-half of bankers supported cutting recently enacted tariffs.
* In reaction to weak farm commodity prices and income, almost one-third of bank CEOs reported rejecting a higher percentage of farm loans.
The current, protracted combination of low milk prices and the glut of milk products in the market place has stressed producers. The stress has built to the point that families are often at a loss to know what to say to each other, to their bankers and suppliers. At that point, it’s hard to know where to turn.