Farm Management

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.

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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

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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.

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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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Northwest Iowa Farm Labor Conference

Tuesday, April 17, 2018 - 9:00am to 8:00pm
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Northwest Iowa Farm Labor Conference set for April 17

ORANGE CITY, Iowa – Sit down with any Northwest Iowa livestock producer - dairy, swine, beef or poultry - and the topic of labor is sure to surface in the conversation.

According to Northwest Iowa Extension Dairy Specialist Fred Hall, everybody has the solution for how agriculture can find and keep a dependable labor force, but each has a perspective for the solution that often doesn’t recognize or jive with the issues identified by employees or employers.

To help identify those issues, Iowa State University (ISU) Extension and Outreach Dairy Specialist Fred M. Hall and Human Sciences Specialist in Family Life Lori Hayungs have worked with retired ISU Sociologist Dr. Jan Flora to develop a survey for employees and a survey for employers. Hall and Hayungs are asking farm employees and employers to identify the issues that they believe are most important to bringing employees and employers together for mutually beneficial arrangements and strong communities.

“These surveys should tie together the needs of each - employers and employees - and build a framework for programs that will help stabilize the workforce and build community,” Hall said. “Surveys have been circulating the area with help from local churches and farm groups.”

The distribution and completion of these surveys is all leading up to the Northwest Iowa Farm Labor Conference on Tuesday, April 17 at the ISU Extension and Outreach Sioux County office in Orange City.

Employer Track

The employer track registration will begin at 9:00 a.m. with the program starting at 9:15. Speakers will discuss what community means to immigrants, consistent management practices for people, animal welfare, and creating community for employees in Sioux County.

In addition, all attendees will be asked to complete the employer survey during the noon lunch. Employers who are not able to attend, but would still like to share their opinion may also complete the online form which can be accessed at https://blogs.extension.iastate.edu/nwiadairyoutlook/. Once completed, email the survey to fredhall@iastate.edu.

Employee Track

The employee track will be presented in Spanish and will run from 6:00 p.m. to 8:00 p.m. on April 17. The evening will start with a light dinner, and the program will start at 6:15 p.m. The discussion will focus on how immigrants understand community, and how employers can build consistent management practices for people that protect both employees and supports animal welfare.

All employees will be asked to complete a survey. Proctors will be available to assist, if needed.

Pre-Registration

Neither the employee or employer program has a registration fee, but pre-registration is required to ensure that enough meals are provided.

Pre-registration can be made by calling the ISU Extension and Outreach Sioux County office at 712-737-4230 or emailing fredhall@iastate.edu. Questions and/or more information can also be requested by calling or emailing Hall.

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Webinar Series Discusses Handling Stress on Dairy Farms

Tuesday, July 10, 2018 - 12:00pm to Tuesday, July 24, 2018 - 1:00pm
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Webinar Series Discusses Handling Stress on Dairy Farms

Three ISU Extension and Outreach webinars will be held in July

AMES, Iowa – Farming is one of the most stressful occupations in the United States. This is particularly true for dairy farmers as they are experiencing an extended period of low milk prices.

 

To help dairy farmers deal with stress, Iowa State University Extension and Outreach will host a series of three webinars that discuss how to recognize the signs of stress, how to deal with dairy farm families experiencing stress, analyzing a dairy for profits, the profitability of various dairy systems and what FINBIN says about production costs.

The webinars will be held at 12 p.m. on July 10, 17 and 24 and will be conducted by extension specialists from ISU Extension and Outreach, the University of Wisconsin, University of Illinois and University of Minnesota. ISU Extension and Outreach dairy specialists Larry Tranel, Fred Hall and Jenn Bentley will present during the webinars, as well as John Shutske, extension specialist with the University of Wisconsin, Jim Salfer, extension dairy specialist with the University of Minnesota, and Phil Cardoso, extension dairy specialist with the University of Illinois.

The topics discussed in the webinars are:

  • July 10 – Recognizing and Managing Stress in Dairy Farmers
  • July 17 – Knowing your cost of production and Dairy Outlook
  • July 24 – Making Production Decisions During Challenging Times

To join the webinars, log onto https://connect.extension.iastate.edu/isuedairy. For more information contact Tranel at tranel@iastate.edu or 563-583-6496, Bentley at jbentley@iastate.edu or 563-382-2949 or Hall at fredhall@iastate.edu or 712-737-4230.

The webinars are sponsored by ISU Extension and Outreach, University of Minnesota Extension, University of Illinois Extension and University of Wisconsin Extension.

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Tri-State Ag Lender's Seminar

Wednesday, October 24, 2018 - 9:30am to 2:30pm
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The agenda this year again focuses on the marketing outlooks of dairy, livestock, and grains along with the issues of the farm bill, farm stress, and the Ag Decision Maker Tool.  The seminar should once again provide fruitful discussion to issues of concern to agricultural lenders.  The cost of the program is $100 per person, which includes handouts, refreshments, and lunch.  To register, please mail the enclosed registration with payment by October 14th. 

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Siouxland Ag Lenders Seminar

Thursday, November 1, 2018 - 9:00am to 3:00pm
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ORANGE CITY, Iowa – Agricultural lenders will receive current useful, research-based information during the Siouxland Ag Lenders Seminar on Thursday, Nov. 1 from 9:00 a.m. to 3:00 p.m. at the Triple Box near Orange City.

Lenders who serve agricultural clients - especially those who work with dairymen - in Iowa, Minnesota, Nebraska and South Dakota are encouraged to attend as the seminar will focus on agricultural market outlooks, the farm bill, financial recordkeeping and accounting, and insurance and farm safety procedures.

The second annual Siouxland Ag Lender’s Seminar presents current information that assists lenders and farm financial advisors in their portfolio management. This will be especially true in this era of continued low prices and the unknowns of the new farm bill.

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

The list of nationally recognized presenters include:

  • Dr. Joe Outlaw, Texas A & M University - 2018 Farm Bill
  • Dr. Larry Tranel, Iowa State University - Milking Robots: Do They Pay?
  • Dr. Robert Cropp, University of Wisconsin-Madison - Dairy Market Outlook
  • Dr. Chad Hart, Iowa State University - Agriculture Market Outlook
  • Larry Wyatt, Grinnell Mutual Reinsurance Company - Barn Safety, Fire Prevention and Insurance Required
  • Gary Vande Vegte, CPA, CMA, VB & VV CPAs and Financial Advisors - Accrual Accounting and the Necessity of Good Financial Records

The Siouxland Ag Lenders Seminar is hosted through a partnership between the ISU Extension and Outreach Dairy Team, Iowa Farm Bureau and the Iowa, Minnesota, Nebraska and South Dakota Bankers Associations.

“Our goal is that Siouxland lenders have a local source for current information which they can use as they begin their annual client reviews,” Hall said.

Registration cost for the Siouxland Ag Lenders Seminar is $80 for the first person from a business and $50 for each additional person that has made the registration by Oct. 26. After Oct. 26, all registrations - including at the door - will be $100 and will not guarantee lunch.

To register, visit https://form.jotform.com/4Hregion1/2018-siouxland-seminar or for more information, contact Fred Hall at 712-737-4230 or fredhall@iastate.edu.

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