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Navigating through Low Dairy Profit Margins

Wednesday, June 14, 2017 - 1:00pm to 3:00pm
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The dairy industry is currently experiencing low dairy profit margins.  Join Citizens Savings Bank for a two-hour program addressing the dairy economy, dairy management, feed costs and returns, labor costs, issues, and efficiencies. 

The program will begin at 1:00 P.M on June 14th at the NICC Calmar Campus, Wilder Business Center Auditorium.  Featured speakers include Jenn Bentley, ISUEO Dairy Field Specialist and Gary Sipiorski, Dairy Development Manager, Vita Plus and Past President/Loan Officer with Citizens State Bank. 

Informational meeting coordinated by Citizens Savings Bank. 

For more information, click on Dairy Meeting_June 2017.pdf

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Financial Education for Dairy Producers offered Aug. 16 in Orange City

Wednesday, August 16, 2017 - 9:30am to 11:45am
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Iowa State University (ISU) Extension and Outreach will host “Who Wants to Be a Millionaire? Dairy Edition,” a class geared towards helping dairy producers improve their financial knowledge and bottom line. The class will be held on Wednesday, Aug. 16, from 9:30 a.m. to 11:45 a.m. at the ISU Extension and Outreach – Sioux County office in Orange City.

ISU Dairy Specialist Larry Tranel will present enterprise analysis and information on the Millionaire Model Farm, milking system upgrades including robots, and information on organic and grazing dairies.

Northwest Iowa Extension Dairy Specialist Fred Hall will also share updated information relevant to the drought. He and Tranel will both be available to answer questions.

Hall said that the remainder of the meeting will be somewhat informal and will be driven by the interests and needs of those dairy producers in attendance.

“Dairymen and women who attend will receive information on a variety of financial topics useful for all dairies,” Hall said. “There is no fee to attend, but interested individuals must pre-register by Aug. 14.”

To pre-register for the meeting, contact the ISU Extension and Outreach – Sioux County office at 712-737-4230 or email Hall at fredhall@iastate.edu. Read more about Financial Education for Dairy Producers offered Aug. 16 in Orange City

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Dairy Webinar Series "Who Wants to Be a Millionaire?

Tuesday, September 19, 2017 - 12:00pm to Tuesday, September 26, 2017 - 12:00pm
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Please mark your calendars for noon webinars on September 19 and 26. Join the ISU Extension and Outreach Dairy Team as Dr. Larry Tranel, ISU Extension and Outreach Dairy Specialist hosts “Who Wants to Be a Millionaire?”.  These webinars will include how to analyze a dairy for profits and the profitability of various dairy systems to focus on conventional, hybrid grazing dairy systems on September 19 and the organic and organic “grass-fed” dairy systems on September 26.   

These webinars are sponsored by Iowa State University Extension and Outreach and North Central Risk Management Education Center. If you’d like to join the webinar, log onto https://connect.extension.iastate.edu/isuedairy , or if you would like more information contact Larry Tranel at tranel@iastate.edu, 563-583-6496 or Jenn Bentley at jbentley@iastate.edu, 563-382-2949 Read more about Dairy Webinar Series "Who Wants to Be a Millionaire?

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Tri-State Ag Lender's Seminar

Thursday, October 26, 2017 - 10:00am to 3:00pm
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The 31st Annual Tri-State Agriculture Lender’s Seminar will be held on Thursday,
October 26th at the Best Western Plus Hotel in Dubuque, Iowa from 10:00 am – 3:00
pm. This year’s focus is on market outlooks for livestock, grains and dairy along with
the issues of dairy finances, land prices and farm economy issues.
“Price risk management continues to be the major variable for profitability in many
commodity enterprises. Understanding the market and risk is a necessary part of farm
management assistance for agricultural lenders as well”, says Larry Tranel, ISU
Extension Dairy Field Specialist.” This seminar has proven itself in assisting lenders and
farm financial advisors in helping farmers manage that risk.”
The cost of the program is $100 per person by October 17th. To register, contact Larry
Tranel at ISU Extension in Dubuque County at 563-583-6496 or e-mail
tranel@iastate.edu for registration information. Read more about Tri-State Ag Lender's Seminar

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Siouxland Dairy Lender's Seminar

Thursday, November 2, 2017 - 9:00am to 4:00pm
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siouxland ag lender seminarAll agricultural lenders will receive useful information during the Siouxland Dairy Lender’s Seminar on Thursday, November 2 at the Forrester Community Center in Rock Rapids, Iowa. Lenders who serve agricultural clients and especially lenders who work with dairymen in Iowa, Minnesota, Nebraska and South Dakota are encouraged to attend. This year’s focus is on market outlooks for livestock, grains and dairy, long-term weather influences for agriculture plus dairy finances and ag policy. The program begins with registration at 9 am, with programs running from 9:30 am to 4 pm.

“ Ag lenders know that price risk management continues to be a major variable for profitability in many ag enterprises and understanding the current market trends and risks is a necessary part of farm management assistance”, says NW Iowa Extension Dairy Field Specialist Fred M. Hall. “Lenders working with dairymen have the additional necessity of understanding a complex system of milk marketing, labor inputs and federal policy implications,” continued Hall.

Modeled after the long-running Tri-State Lenders program in Dubuque that has developed a proven record of assisting lenders and farm financial advisors in helping farmers manage risk; Hall notes, “Siouxland lenders will have now have a local source for current information as they begin their annual reviews with clients.”

The list of nationally recognized presenters include; David Oppedahl, Senior Business Economist, Federal Reserve Bank of Chicago presenting “A Fed’s Look at Dairy Economics”; Larry Tranel, ISU Extension Dairy Specialist presenting “Millionaire Model Dairy Farms”; Chad Hart, ISU Extension Economist presenting “Commodity Market Review and Outlook”; Harry Hillaker, Iowa Climatologist presenting “Agricultural Weather Outlook”; and Robert Tigner, UNL Extension Educator presenting “Dairy Market Review and Outlook”.

The cost of the program is $80 for the first person from an institution and $50 for each additional person that have made the registration by October 27. After that date, including at the door all registrations will be $100 and will not include the lunch. To register, contact the Sioux County Extension office at 712.737.4230 or email Fred M. Hall at fredhall@iastate.edu for registration information.

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Beginning Dairy Farmer Video-Gibbs Dairy-Part 1

Iowa State University Extension and Outreach welcomes you to Part I of our Beginning Dairy Farmer Video series featuring the Gibbs Dairy and the Confinement Freestall System they have chosen. Beginning Farmers have various dairy system options as they begin their careers and the Gibbs picked their system because they felt they could best control the cow’s diets and environment and best profit from dairy this way. Chris Gibbs shares his thoughts on their conventional dairy system.

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Beginning Dairy Farmer Video-Peake Dairy-Part 2

Part II of our Beginning Dairy Farmer Video series features the Peake Dairy and the Organic, Grass-fed system they have chosen. Beginning Farmers have various dairy system options as they begin their careers and the Peake's picked their system because they loved working with grass pastures and not using chemicals and with the low costs, could best profit from dairy this way.

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Beginning Dairy Farmer Video-Grassway Farm-Part 3

Part III of our Beginning Dairy Farmer Video series features the Grassway Farm and their grazing dairy with one of the best Low Cost TRANS Iowa Parlors in Iowa. Beginning Farmers have various dairy system options as they begin their careers. They picked their system because of reduced costs and labor efficiency with nice facilities and felt they could best profit from dairy this way.

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Beginning Dairy Farmer Video-Lynch Dairy-Part 4

Part IV of our Beginning Dairy Farmer Video series features the Lynch Dairy focusing on the Organic dairy system they have chosen. Beginning Farmers have various dairy system options as they begin their careers and the Lynch’s picked their system because of the increased milk prices, soil and animal health, and felt they could best profit from dairy this way while maximizing labor efficiency in their milking system.

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Beginning Dairy Farmer Video-Gaul Dairy-Part 5

Part V of our Beginning Dairy Farmer Video features the Gaul Dairy and the grazing dairy system they have chosen. Beginning Farmers have various dairy system options as they begin their careers and the Gaul’s picked their system because they loved working with grazing as a means of lowering costs and felt they could best profit from dairy this way. The Gaul’s followed ISU Extension’s Millionaire Model Dairy Farm Project and have done well in doing so.

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