Dairy - General
What makes a good family farm transition? It is difficult to achieve a good farm transition without at least doing well in each of these C’s.
Up to $12.06 million can be passed to your loved ones upon death, exempt from federal estate tax. While living, you can also gift $16,000 annually to as many individuals as you’d like. Of course, some exceptions apply.
Jeff Pybus is farming’s invisible grim reaper, slaying rats in the dark as he shoots and films for an addicting, no-frills YouTube channel.
Widespread railroad disruptions could choke supplies of food and fuel, spawn transportation chaos, stoke inflation and cause $2 billion per day in lost economic output.
Queen Elizabeth II, the UK’s longest-serving monarch, recently passed away at the age of 96. The late queen, who was well-known for her soft spot for animals, had a herd of 200 registered Jersey cows.
For 2022, USDA reports the value of the nation’s cropland is $5,050. That’s up $630, or 14%, from 2021. This year’s figure marks back-to-back record highs in cropland values.
Why is there resistance to new technologies like robotic milkers and other automation by dairy farmers, especially with the challenge in finding labor today? John Phipps provides insight in Customer Support.
Out-of-stock rates improve but baby formula supplies remain limited in many locations even as FDA works to provide market access for foreign formula makers. The dairy industry says there needs to be more communication.
Succession planning is difficult and time-consuming, but it is also a key step for a business that can grow into the future. Regardless of where you are in the process, you can always take another step.
To stay competitive in the labor market, consider adding an attractive paid time off policy to your farm business to help keep you and employees happy.