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Managing your earnings in 2022: Can we impact 2023 and beyond?

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dc.contributor.authorKarszes, Jason
dc.contributor.authorWolf, Chris
dc.date.accessioned2022-07-07T15:40:21Z
dc.date.available2022-07-07T15:40:21Z
dc.date.issued2022-07
dc.description.abstractSo far, 2022 is shaping up as a year where cash and profits may rebound within the dairy industry to levels that have not been seen for a few years. While inflation and supply chain issues are driving costs up on dairy farms, milk prices are strong and appear to have generated stronger cash positions through the first third of the year. With the strong cash positions, questions are starting to be asked about potential strategies to maximize the opportunity associated with the stronger positions this year. How long will the milk price stay strong enough to offset rising input costs? Will a smaller national heifer inventory and milk processing limitations slow the growth of milk production? Will supply chain issues continue to impact both farm production and processing capacity? With the uncertainty towards what earnings might be over the course of the year and into the next, there is the potential for earnings to decrease or turn negative.en_US
dc.identifier.urihttps://hdl.handle.net/1813/111354
dc.language.isoen_USen_US
dc.publisherPRO-DAIRYen_US
dc.subjectPRO-DAIRYen_US
dc.subjectdairyen_US
dc.subjectbusinessen_US
dc.subjectmanagementen_US
dc.subjectdebten_US
dc.subjectcapitalen_US
dc.subjectinvestmenten_US
dc.subjectprofitsen_US
dc.subjectearningsen_US
dc.titleManaging your earnings in 2022: Can we impact 2023 and beyond?en_US
dc.typearticleen_US
schema.accessibilityHazardnoneen_US

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