Progress 07/01/07 to 06/30/12
Outputs
OUTPUTS: The CDP is involved in a variety of management education programs that are intended to teach farm managers and agribusiness professionals about practices to improve the performance and profitability of farm businesses. The following is a brief summary of some of these programs. Dairy Modernization and Technology Adoption: CDP Staff, in cooperation with the UW-Extension Dairy Team provides information, decision aids, and education programs that allow farmers to determine with and/or how to adopt technology and modernize and permit farms to develop their businesses, enhance their profitability and improve their quality of life. Transferring the Farm in a High Stakes Era: CDP Staff in cooperation with Extension agents, designed and held three workshops in western Wisconsin to explore transferring the farm. Over 200 participants attended these workshops. Farm Financial Recordkeeping using Quickbooks, AAIMS, AgFA: CDP and UW-River Falls staff conducted 9 financial record-keeping workshops using QuickBooks (QB) and/or AAIMS across the state. Approximately 220 producers attended these workshops. Organizers also collaborated with staff at DATCP to develop training curriculum for vegetable producers. Curriculum was developed to help train Hmong Farmers within the Milwaukee area the importance of recordkeeping. Three workshops were held with a total of 12 repeating producers attending. Heart of the Farm-Women in Agriculture: In 2010 eight Heart of the Farm conferences were held with approximately 250 women attending. Organizers videotaped interviews of three participants who have attended several Heart of the Farm conferences over the years and posted on websites. Annie's Project: Center for Dairy Profitability specialists partnered with the Agricultural Innovation Center to develop a curriculum specifically adapted to the needs of value-added and beginning women farmers. Two workshops were held with a total of 49 participants. Management Assessment Center: CDP Staff and the UW-Extension Farm and Risk Management (FARM) team collaborated with PDPW and the WI Crop Production Association to offer to MACs. There were 12 producers in attendance in each center. Wisconsin Agricultural Land Values: reports were published on the average price of Wisconsin farm land parcels between 35 and 1000 acres. Agriculture Financial Advisor (AgFA): a tool to calculate financial ratios and run a dupont analysis for 500+ WI dairy farms from 2000 - present was created using data AgFA. A new report to comparing an individual dataset to the full database was added. Agricultural Accounting and Information System (AAIMS): updated for use with Vista, Win7 operating systems and the 2011 SS tax changes. Agricultural Budget Calculation Software (ABCS) was updated and renamed to Cost Accounting and Planning (CAP). It will be released first quarter of 2011. Economics of Grazing, Organic, and Confinement Dairy Farms. This summarized data helps understand the financial performance of Wisconsin diary systems and helps WI dairy farmers determine which system offers the most advantages to them. PARTICIPANTS: Arlin Brannstrom-farm business management, rural appraisal and financial analysis. Brian Holmes-agricultural engineering, farm structures, animal housing, feed storage, waste handling, farmstead planning. David Kammel-agricultural engineering, dairy modernization, facilities and milking parlors. Gregg Hadley-farm management, decision-making, human resource management, financial decisions. Jenny Vanderlin-assistant program director working in the area of farm business management, financial analysis and management information systems, risk management. Joy Kirkpatrick-farm business succession, risk management and beginning farmer. Ken Bolton-farm business management, analysis and dairy modernization. Ken Barnett-enterprise budgets, dairy, field crops and vegetable. Kevin Bernhardt-risk management, milk price risk and marketing. Mark Stephenson-program director working in the area of dairy markets and policy. Philip Harris-agricultural lay, succession, business and tax planning. Tom Kriegl-farm financial analysis specializing in grazing and organic dairy farms. Gary Frank-computer programming and support for AgFA and AAIMS Partner Organizations-Organic Valley (partial support for Kriegl), Fox Valley TARGET AUDIENCES: The Center for Dairy Profitability works with farm owners, operators, and employees. The Center also works with input suppliers to the dairy industry, including feed suppliers, equipment manufacturers, agricultural lenders, rural appraisers, accountants and lawyers. The Center also works and supplies programming for state and federal agencies such as the Department of Agricultural Trade and Consumer Protection, Federal Milk Marketing Orders, Farm Service Agency and others. PROJECT MODIFICATIONS: The Center has historically focused on providing support for Cooperative Extension field staff. This support has included materials and in-service training for county faculty. The Center is expanding its outreach by working with other service providers (Farm Service Agency and Federal Milk Marketing Orders are examples) and by increased use of new technologies which foster direct contact with end users. Webinar technology is being extensively used for small group interaction (for example one-on-one or two) or large group presentations. This is a low-cost method of providing research-based education to new audiences.
Impacts
End of session evaluations for both the Heart of the Farm and Annie's Project were used. Six month follow-up evaluations were also used for the Heart of the Farm to measure behavior changes or decisions made. The evaluations included open ended questions on how the participants would use the information provided and also a Likert scale from 1 to 5 with 1 = strongly disagree and 5 = strongly agree. Among other topics, producers improved their knowledge and increased profitability, changed/looked into various insurance options, and gained an understanding of marketing from these workshops. According to survey work, the MAC program has changed the managerial behavior of participants a "moderate amount." Participating producers indicated that the program ranked 3.1 out of 5 (a 5 indicates that their behavior very much changed) in terms of the degree to which it changed their behavior. In other words, they have observed a 62% change in their managerial behavior. Evaluations from recordkeeping workshops show that 67% of participants would be able to set up a recordkeeping system using QB or AAIMS as a result of this workshop. 58% had a better understanding of assets and liabilities. Survey results of the farm transfer workshops indicate 85% of attendees plan to develop a farm business arrangement as a result of attending the program. In addition, 30 or more people attended each of the county-level follow-up workshops, which further addressed farm business arrangements and tax issues in detail. A six month follow-up survey was conducted in order to determine the effectiveness of the program and further needs of participants had a 37% follow-up response rate. Survey responses indicated that over 55% have taken action to begin a farm business transfer plan and of that, half have completed at least 50% of the process. The survey responses also reflect that more than 60% have started to develop or up-date their Will or estate plan and of those, almost 60% have completed half or more of the process.
Publications
- Bolton, Ken, "Key Fundamentals of Successful Teams", Wisconsin Agriculturalist, February, 2010.
- Bolton, Ken, "Lactating Dairy Cow Grouping Strategies", Tri-State Dairy Nutrition Conference proceedings, May, 2010.
- Bolton, Ken, "Dairy Cow Feeding Economics", news release, July, 2010.
- Bolton, Ken, "Which Bills Do I Pay First", Dairy Herd Management, September, 2010.
- Bolton, Ken, "Estimating Dairy Cow Feeding Consumption and Cost", Eastern Dairy Business, September, 2010.
- Bolton, Ken, "When is a Savings a Sacrifice", news release, August, 2010.
- Harris, Philip E., Agricultural Tax Issues. Madison, WI: Tax Insight, LLC, September 2010.
- Harris, Philip E., "Tax Considerations of Farm Transfer," Chapter 5 of Agventures, Center for Dairy Profitability, UW-Extension, revised 1 April 2010.
- Kriegl, Tom. "What Milk Price Premium Can Be Paid to Produce Organic Milk with no Grain" Center for Dairy Profitability. University of Wisconsin-Madison, UW-EX. November 2010. 3 pages.
- Kriegl, Tom. "Preliminary 2009 Farm Financial Performance Update." Center for Dairy Profitability. University of Wisconsin-Madison, UW-EX. August 2010. 3 pages.
- Kriegl, Tom. "Why is Credit Tighter Now than Six Months Ago Despite Higher Milk Prices" #1 in series. Center for Dairy Profitability. University of Wisconsin-Madison, UW-EX. June 2010. 1 page.
- Kriegl, Tom. "How Asset Valuation can Hurt You." #2 in series. Center for Dairy Profitability. University of Wisconsin-Madison, UW-EX. June 2010. 1 page.
- Kriegl, Tom. "The Most Trustworthy Number on a Balance Sheet Current Market Value (CMV) of Assets can be Dangerous to Your Farm's Financial Health." #3 in series. Center for Dairy Profitability. University of Wisconsin-Madison, UW-EX. June 2010. 1 page.
- Barnett, Ken. Working papers. 72 Enterprise Budgets for 2010 including: Corn, Soybean, Alfalfa, Dairy Farm, Small Grains and Vegetable crops.
- Bernhardt, Kevin. "DuPont Financial Analysis Model: A Process for Knowing Where to Spend My Management Time Tomorrow Morning After Breakfast." March 2010.
- Bernhardt, Kevin. "Case Study on Financial Statements and Uses-Worksheets." For use in Annies Project Workshop, December 2010.
- Bernhardt, Kevin. "Class III Seasonality, Futures Market Opportunities, and the Impact of Changing Production, Milk Prices, and Input Costs on the Bottom Line." Proceedings for the Professional Dairy Producers of Wisconsin, March 2010.
- Bernhardt, Kevin. "Market Preparation and Planning-Worksheets." PDPW Profit Symposium, December 2010.
- Blazek, Kelliann, Erin Silva, Laura Paine, and Thomas Atwell. "Organic Dairy Markets Respond Differently to Flattened Demand." Organic Agriculture in Wisconsin: 2009 Status Report. February 2010. pages 13-15.
- Bolton, Ken, Philip Harris, and Shannon Mirus, "Liability Insurance," extension bulletin, Center for Dairy Profitability, UW-Extension, Fall 2010.
- Bolton, Ken, "Management Agility", Eastern Dairy Business magazine. First Quarter, 2010.
- Bolton, Ken, "Facilitation Moment", eMail distribution, January through May, 2010.
- Bolton, Ken, "Wisconsin Calculated Milk Cost of Production", monthly, 2010.
- Bolton, Ken, "Financial Management, Where Do I Start", news release, December, 2010.
- Goebel, Karen P., Philip E. Harris, Richard J. Langer, Linda Roberson, and Mary Meehan-Strub, "Family Estate Planning in Wisconsin," UW-Extension Publication B1442, revised Fall 2010.
- Hadley Gregg. The Replacement Decision Conundrum. The Forage Focus. Midwest Forage Association. Page 9. August 2010.
- Hadley Gregg. Risk Management and Knowing Your Cost of Production. The Farm Management Review. Issue 1. January 2010.
- Hadley Gregg. The SWOT Analysis. The Farm Management Review. Issue 1. January 2010.
- Harris, Philip E., Linda E. Curry, Nina S. Collum. 2010 National Income Tax Workbook, Brownsville, OR: Land Grant University Tax Education Foundation, Inc., 2010.
- Kriegl, Tom. "Asset Values May Have Three Sources That Are Not the Same." #4 in series. Center for Dairy Profitability. University of Wisconsin-Madison, UW-EX. June 2010. 1 page.
- Kriegl, Tom. "The Importance of Debt Structure and Balancing Loan Terms with Asset Life." #5 in series. Center for Dairy Profitability. University of Wisconsin-Madison, UW-EX. June 2010. 1 page.
- Kriegl, Tom. "What is Your Level of Profitability Taking it to the Next Level!" Adapted from similar articles on UWEX Responds website. for article in the Wisconsin Agriculturalist Magazine, May 2010 Center for Dairy Profitability. University of Wisconsin-Madison, UW-EX. May 2010. 2 pages.
- Kriegl, Tom. "Looking Forward to 2010 and Back to 2009." Center for Dairy Profitability. University of Wisconsin-Madison, UW-EX. June 2010. 8 pages.Mayer, Mark, D.W. Kammel, 2010. Dairy Modernization Works for Family Farms. Journal of Extension. October 2010, Volume 48 Number 5.www.joe.org
- Nicholson, C.F. and M.W. Stephenson. "Analysis of Proposed Programs to Mitigate Price Volatility in the U.S. Dairy Industry". Working Paper. http://dairy.wisc.edu September, 2010.
- Stephenson, Mark. "Keep Four Classes of Milk". Progressive Dairyman. November, 2010.
- Stephenson, Mark. "Dairy Profitability in 2011". Dairymen's Digest. November, 2010.
- Stephenson, Mark. Dairy Outlook--2011. American Agriculturalist magazine. December, 2010.
- Stephenson, Mark. "Feed Costs Up, Milk Prices Flat in 2011", Hoards Dairyman. December, 2010.
- Stephenson, Mark. "Dairy Markets and Policy". Chapter in New York Agribusiness Outlook. December, 2010.
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Progress 01/01/09 to 12/31/09
Outputs
OUTPUTS: The economic success of Wisconsin's dairy industry contributes $26.5 billion of dairy revenue annually, at the rate of more than $50,000 per minute. Every job in dairy supports an additional 1.23 jobs elsewhere in the Wisconsin economy. This work force depends largely on the knowledge and management skills of dairy farmers and agribusiness professionals who work with them. Their decisions will determine whether the state's dairy industry is competitive and prosperous over time. Informed management decisions are a key to dairy farming's economic success. The Center for Dairy Profitability's emphasis is on educational programs that enhance the management skills and decision-making abilities of dairy producers and others who assist them in making management decisions. In these difficult economic times the information developed by CDP is especially important for farmers to make informed decisions on the viability and profitability of their individual businesses. In fact, there has been a substantial increase starting in 2008-09 in requests for financial management information through County Extension offices and producers to which CDP has been able to respond to. PARTICIPANTS: David W.Kammel, Brian Holmes, Jenny Vanderlin, Arlin Brannstrom, Joy Kirkpatrick, Tom Kriegl, Gregg Hadley, Ken Bolton, Kevin Bernhardt, DATCP, Paul Dietman TARGET AUDIENCES: Dairy Producers, Technical College Students, Agricultural financial advisors, Women farmers PROJECT MODIFICATIONS: Nothing significant to report during this reporting period.
Impacts
The CDP is involved in a variety of management education programs that are intended to teach farm managers and agribusiness professionals about practices to improve the performance and profitability of farm businesses. The following is a brief summary of some of these programs. Extension Responds- Farming in Difficult Times With the current difficult economic situation Cooperative Extension and specifically the CDP has a focused effort to develop and provide relevant resources and information on how to manage through these difficult times. Dairy Modernization and Technology Adoption CDP staff, in cooperation with the UW-Extension Dairy Team provides information, decision aids, and educational programs that allow farmers to determine whether and/or how to adopt technology and modernize and permit farmers to develop their businesses, enhance profitability, and improve their quality of life. Economics of Grazing, Organic and Confinement Dairy Farms This summarized data helps understand the financial performance of Wisconsin dairy systems and helps Wisconsin dairy farmers determine which system offers the most advantages to them. Farm Business Transfers Returning to the Farm (RTTF) is a project designed to address the human, legal and financial risks involved in the transfer of the farm to the next generation. Agriculture Financial Advisor (AgFA@) In 2009, a new report was added that gives advisors the option to summarize an individual's records and compare against the average of their peers highlighting incomes and expenses that vary more than 10% from the mean. Agricultural Accounting and Information Management Systems (AAIMS@) Since its latest release in June 2008 several hundred copies of the program have been sold to farm managers through both the Heart of the Farm program and the Grow Wisconsin Dairy Team initiative. Quickbooks In the past 4 years, the University of Wisconsin-Extension (UWEX), Center for Dairy Profitability (CDP), and Wisconsin Technical College System (WTCS) have been conducting financial workshops with farm businesses to teach and implement basic accounting systems using Quickbooks (QB) and the CDP's in-house record-keeping software, AAIMS@. Heart of the Farm - Women in Agriculture Over these five years, 24 Heart of the Farm (HOF) one day conferences have been held throughout the state. The HOF Conference Series continues to empower Wisconsin farm women in production, price, and financial, legal and human areas of risk management education. Risk Management The UW-Extension's Farm and Risk Management (FARM) self-directed team, in cooperation with the CDP staff, developed the risk management and business planning modules of the AgVentures curriculum. Wisconsin Agricultural Land Values Arlin Brannstrom continues to report the average price of Wisconsin farm land parcels greater than 35 acres.
Publications
- Bernhardt, Kevin. 2009. "John and Mary Dairy Case Study." UW-Platteville, Center for Dairy Profitability. WORD Document to be used with "Working with Dairy Businesses in Challanging Times" powerpoint to the September 11, 2009 Ag Lenders Conference, Kimberly, WI.
- Bernhardt, Kevin. 2009. The Volatile Ag Economy - Management Matters /, UW-Platteville, Center for Dairy Profitability, March 2009. POWERPOINT Presentation.
- Bernhardt, Kevin. 2009. "Global Economy, Recovery, and Linkage to Agriculture." UW-Platteville, Center for Dairy Profitability, October 2009. Powerpoint Presentation at the ANRE Conference, Chula Vista, Wisconsin Dells.
- Bolton, Ken, Jenny Vanderlin. 2009. "2007 Financial Benchmarks on Selected Wisconsin Dairy Farms", University of Wisconsin, Center for Dairy Profitability.
- Bolton, Ken, Jenny Vanderlin. 2009. Milk Production Costs in 2007 on Selected Wisconsin Dairy Farms.
- Bolton, Ken. 2009. Wisconsin Calculated Milk Cost of Production. Monthly Report. February- July.
- Bolton, Ken, Jenny Vanderlin. 2009. "2007 Financial Benchmarks on Selected Wisconsin Dairy Farms", University of Wisconsin, Center for Dairy Profitability, June 2009.
- Bolton, Ken and Gary Frank. 2009. "Cost of Production vs. Cost of Production And then there is Cost of Production!", University of Wisconsin, Center for Dairy Profitability, September 2009.
- Brannstrom, Arlin. 2009. The Council on Food, Agricultural and Resource Economics (C-FARE). A Review of the USDA-NASS Agricultural Prices Program: Challenges & Opportunities for the 21st Century. Washington, DC. (Arlin Brannstom, Member of Review Committee and Review Panel)
- Brannstrom, Arlin. 2009. "Wisconsin Agricultural Land Prices, 2001-2008" University of Wisconsin, Center for Dairy Profitability. January 2009.
- Mayer, Mark, D. Kammel. 2009. Dairies in Transition. Hoards Dairyman. April 25, 2009.
- Mayer, Mark, D. Kammel. 2009. We should have done it sooner. Hoards Dairyman. May 10, 2009.
- Mayer, Mark, D. Kammel. 2009. Renovated barns, streamlined labor. Hoards Dairyman. May 25, 2009.
- Barnet, Ken. 2009. The Wisconsin Opportunity Minimum Wage and Agricultural Employee Wage Rates. Center for Dairy Profitability. Includes State & Federal laws and provisions regarding employment.
- Barnett, Ken. 2009. The New Wisconsin Minimum Wage and Agricultural Employee Wage Rates. Center for Dairy Profitability. Includes State & Federal laws and provisions regarding employment.
- Barnett, Ken. 2009. Agricultural Employment Guidelines, 2009. Center for Dairy Profitability. Includes State & Federal laws and provisions regarding employment, July 2009
- Barnett, Ken. 2009. "The Wisconsin Opportunity Minimum Wage and Agricultural Employee Wage Rates", Extension Educator, Center for Dairy Profitability. Includes State & Federal laws and provisions regarding employment, July 2009.
- Barnett, Ken. 2009. "The New Wisconsin Minimum Wage and Agricultural Employee Wage Rates", Extension Educator, Center for Dairy Profitability. Includes State & Federal laws and provisions regarding employment, July 2009.
- Barnett, Ken. 2009. "Agricultural Employment Guidelines, 2009" Extension Educator, Center for Dairy Profitability. Includes State & Federal laws and provisions regarding employment, July 2009
- Bernhardt, Kevin. 2009. "Working with Dairy Businesses in Challenging Times.", UW-Platteville, Center for Dairy Profitability. Powerpoint Presentation to the September 11, 2009 Ag Lenders Conference, Kimberly, WI.
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Progress 01/01/08 to 12/31/08
Outputs
OUTPUTS: Dairy producers need decision tools related to the economic viability of their dairy production system. Interdisciplinary educational programs emphasize integrated production, financial record systems analysis, financing, and marketing management systems. To improve dairy profitability and the competitiveness of Wisconsin's dairy industry. PARTICIPANTS: David Kammel, Jenny Vanderlin, Joy Kirkpatrick, Arlin Brannstrom, Tom Kriegl, Kevin Bernhardt, Gregg Hadley, Phil Harris, Wisconsin Department of Agriculture TARGET AUDIENCES: Nothing significant to report during this reporting period. PROJECT MODIFICATIONS: Nothing significant to report during this reporting period.
Impacts
The Agriculture Financial Advisor (AgFA) is currently being used by the Lake Shore and Fox Valley farm management associations, several Wisconsin Technical College Boards, and county educators. AgFA yields valuable information about the financial status of these farms, giving farmers, farm managers, and their advisors cost of production, as well as other financial measures such as rates of return on assets and on equity, and debt to asset ratio. The Agricultural Accounting and Information Management System (AAIMS) is a computerized agricultural accounting system. Training workshops are held across the state throughout the year for UW-Extension and the Wisconsin Technical College System. Quickbooks training with special emphasis on agricultural business use is provided across the state. The Heart of the Farm Conference Series continues to empower Wisconsin Farm women in production, price, and financial, legal and human areas of risk management education. The Heart of the Farm Conferences brings women together in a professional setting and increases their knowledge and competence in farm business management skills and production. These conferences are a vehicle to decrease the social isolation experiences by many farm women by providing opportunities to network with their counterparts. Annie's Project - Heart of the Farm, Phase II is a five session series that trains farm women to manage agricultural information systems, engage in critical decision-making processes, and build support networks with other women throughout the state. Returning to the Farm (RTTF) is a project designed to address the human, legal and financial risks involved into the transfer of the farm to the next generation. It attempts to reach college junior and seniors who are planning on returning to their home farming operations. Growing Wisconsin Farmers consists of a series of statewide regional workshops to build support networks for beginning farmers. This project represents collaboration between UW-Extension, the Wisconsin Department of Agriculture, Trade and Consumer Protection (DATCP), and other agencies. The UW-Extension's Farm and Risk Management (FARM) self-directed team, in cooperation with the CDP staff, developed the risk management and business planning modules of the Ag Ventures curriculum. In today's changing farm environment, dairy farm managers are required to take on more of a managerial role. Specialists from the CDP and a team of UW-Extension agricultural agents designed the Management Assessment Center for Dairy Managers. The assessment center curriculum was developed, tested and implemented to help dairy farm managers understand their own competency levels as they relate to selected managerial attributes.
Publications
- Wisconsin AgFA Dairy Farms Profitability Report for 50-100 Herd Size, 2005. Jon Zander, UW-Extension Agriculture Educator, Trempealeau County, WI. This summary report was prepared by the Center for Dairy Profitability-Madison, Platteville, River Falls and UW-Extension, December 2007.
- Brannstrom, Arlin. Wisconsin Dairy Modernization Survey 2006. University of Wisconsin, Center for Dairy Profitability, September 2006.
- Kriegl Tom. 2008. Impact of Changing Milk and Input Prices on 2008 Wisconnsin Dairy Profit Margins. UW-Madison Center for Dairy Profitability. UW-Extension, March 2008.
- Brannstrom Arlin. 2008. Using Farm Records Effectively for Business and Financial Mangement. UW-Madison Center for Dairy Profitability. March 2008.
- Bockhop, Tony, Kevin Bernhardt. 2008. Learning from Exisiting Farm systems in Minnesota and Wisconisn - A Whole-Farm Data Base Analysis.UW-Platteville and UW-Madison Center for Dairy Profitability. Part of a University of Wisconsin Consortium for Extension and Research in Agriculture and Natural Resources Project titled: Production Systems in Souther Wisconsin: Quantifying Economics of Scope, March 2008.
- Bernhardt, Kevin. 2008. Managing the Margin: Profit Strategies for Volatile Times. UW-Extension, Center for Dairy Profitability,October 2008.
- Bernhardt, Kevin. 2008. View from 10,000 Feet Well, let's just talk Ag Prices. UW-Extension, Center for Dairy Profitability, October 2008.
- Bernhardt, Kevin. 2008. Marketing 101. UW-Platteville, Center for Dairy Profitability. Powerpoint presentation at the Heart of the Farm - Women in Agriculture Conference, March 2008.
- Frank Gary. 2008. Be Safe Get to know your COP UW-Madison/Emeritus, Center for Dairy Profitability. Presented at Heart of the Farm Conference in Eau Claire and Oshkosh, March 2008.
- Kriegl, Tom. 2008. Impact of Changing Milk and Input Prices on 2008 Wisconsin Dairy Profit Margins.UW-Madison/Extension, Center for Dairy Profitability, February 2008.
- WDD-2008-01. Preliminary Dairy Farm Earnings, 2007, University of Wisconsin, Center for Dairy Profitability, May 2008.
- WDD-2008-02. Preliminary Balance Sheet, 2007, University of Wisconsin, Center for Dairy Profitability, May 2008.
- WDD-2008-3. Preliminary Cost of Production, 2007, University of Wisconsin, Center for Dairy Profitability, May 2008.
- WDD-2008-04. Preliminary Cost of Production, 2005-2007 , University of Wisconsin, Center for Dairy Profitability, May 2008.
- WDD-2008-05. Preliminary Cost of Production on a per unit sold basis, 2007, University of Wisconsin, Center for Dairy Profitability, May 2008.
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Progress 01/01/07 to 12/31/07
Outputs
OUTPUTS: The economic success of Wisconsin's dairy industry contributes $20.6 billion of dairy revenue annually, at the rate of more than $39,000 per minute. The dairy industry accounts for nearly 40% of all Wisconsin agriculture jobs, employing 160,000 people or approximately 4.6% of the jobs in the state of Wisconsin. This work force depends largely on the knowledge and management skills of dairy farmers and agribusiness professionals who work with them. Their decisions will determine whether the state's dairy industry is competitive and prosperous over time. Informed management decisions are a key to dairy farming's economic success. The CDP's emphasis is on educational programs that enhance the management skills and decision-making abilities of dairy producers and others who assist them in making management decisions.
PARTICIPANTS: Arlin Brannsrom Jenny Vanderlin Joy Kirkpatrick Gregg Hadley Kevin Bernhardt Brian Holmes
TARGET AUDIENCES: Dairy Producers Women dairy producers Agricultural Professionals
Impacts
The Agriculture Financial Advisor (AgFA@is currently being used by the Lake Shore and Fox Valley farm management associations, several Wisconsin Technical College Boards, and county educators. AgFA@ yields valuable information about the financial status of these farms, giving farmers, farm managers, and their advisors cost of production, as well as other financial measures such as rates of return on assets and on equity, and debt to asset ratio. The Agricultural Accounting and Information Management System (AAIMS@) is a computerized agricultural accounting system. Training workshops are held across the state throughout the year for UW-Extension and the Wisconsin Technical College System. Since its latest release in January of 2002, several hundred copies of the program have been sold to farm managers through both the Heart of the Farm program and the Grow Wisconsin Dairy Team initiative. The Heart of the Farm Conference Series continues to empower Wisconsin Farm women
in production, price, and financial, legal and human areas of risk management education. The Heart of the Farm Conferences brings women together in a professional setting and increases their knowledge and competence in farm business management skills and production. These conferences are a vehicle to decrease the social isolation experiences by many farm women by providing opportunities to network with their counterparts. Annie's Project - Heart of the Farm, Phase II is a five session series that trains farm women to manage agricultural information systems, engage in critical decision-making processes, and build support networks with other women throughout the state. Returning to the Farm (RTTF) is a project designed to address the human, legal and financial risks involved into the transfer of the farm to the next generation. It attempts to reach college junior and seniors who are planning on returning to their home farming operations. Sixty-eight people representing 23 farm families
have participated in a Returning to the Farm workshop since 2005. Growing Wisconsin Farmers consists of a series of statewide regional workshops held in 2005-06, to build support networks for beginning farmers. This project represents collaboration between UW-Extension, the Wisconsin Department of Agriculture, Trade and Consumer Protection (DATCP), and other agencies. The UW-Extension's Farm and Risk Management (FARM) self-directed team, in cooperation with the CDP staff, developed the risk management and business planning modules of the Ag Ventures curriculum. In today's changing farm environment, dairy farm managers are required to take on more of a managerial role. Specialists from the CDP and a team of UW-Extension agricultural agents designed the Management Assessment Center for Dairy Managers. The assessment center curriculum was developed, tested and implemented to help dairy farm managers understand their own competency levels as they relate to selected managerial attributes.
To date, five assessment centers have been offered and 44 dairy managers and agricultural professionals have partici9pated in the assessment program.
Publications
- Hadley, Gregg. 2007. A Bad Year/Good Year Series Report: an analysis of common single emphasis approaches used to become profitable in the Wisconsin Dairy Farm Industry.
- February 2007. Schraufnagel, Stanley and Jenny Vanderlin. 2007. Technology Use and Performance on Wisconsin Dairy Farms.
- July 2007. Vanderlin, Jenny. Preliminary Milk Production Costs on Selected Wisconsin Dairy Farms, 2002-2006.
- July 2007. Vanderlin, Jenny. 2006 Preliminary Benchmark Reports: Farm Earnings, Cost of Production, Balance Sheet, July 2007.
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