The dairy industry is capital intensive. Maintaining strong relationships with your lender, based on YOUR farm’s financial data, will help navigate through all the different market conditions. Specifically, using financial thresholds and benchmarking against similar farms will help your farm’s financial resiliency over time.
This month Dr. Chris Wolf joins us from Cornell to discuss the article is titled, “Financial risk and resiliency on US dairy farms: Measures, thresholds, and management implications”. Listen in to this deep dive into the metrics the Cornell dairy team used to benchmark over a 10-year period.
Additionally, we discuss the recent Silicon Valley bale out and if we should expect it to have any impact on Ag Lending. Understanding these key financial thresholds is an effective management tool for successful herds throughout New York, listen in to see what they can do for your farm!
#2xAg2030; #journalofdairyscience; @jdairyscience; #openaccess; #MODAIRY; #benchmark; #FINBIN; #CornellBusinessSummary; #financialresiliency
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