Tag Archives: Dairy

2016 Snapshot of Virginia Agriculture

ag-econ-club-info-graphic

Info graphic courtesy of the VT Ag Econ Club.

View larger: http://news.cals.vt.edu/fbm-update/files/2016/10/Ag-Econ-Club-Info-Graphic-2016.pdf

 

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Managing Debt in Lean Years

Peter Callan, Extension Agent, Farm Business Management, Northern District

As a former dairyman and agricultural lender, I have sat on both sides of the table when a producer is faced with low milk prices and/or drought conditions. This has been the story during the spring and summer of 2016 with depressed milk and grain prices.  Many producers have been unable to pay their farm’s operating expenses and loan payments on a timely basis. Speaking from experience, this should not deter producers from communicating with their lenders.  Agricultural lenders understand that agriculture is a cyclical business. They realize that current milk and grain prices are below the breakeven costs for many producers. It is during these times that communication between lender and producer is most critical.

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2016 Winter Forage Conferences to Feature Experts on Tall Fescue

Theme: Tall Fescue in the 21st Century: Understanding and Managing Tall Fescue in Grazing Systems
Gordon Groover, Extension Specialist, Ag and Applied Economics, VA Tech

Dates: January 26-29, 2016

Tall Fescue in the 21st Century is the theme for the Virginia Forage and Grassland Council (VFGC) and Virginia Cooperative Extension (VCE) winter forage conferences. This year’s conference highlights current knowledge and practice that producers can apply to management of their tall fescue based grazing systems. This year’s speakers are nationally recognized experts in tall fescue production and management. The morning program will focus on understanding issues and problems with tall fescue and the afternoon program will explore potential solutions to these problems. Continue reading

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Dairy-Margin Protection Program (MPP)

Jeremy Daubert jdaubert@vt.edu, Rockingham County Dairy Extension Agent

It is time again to consider signing up for the Dairy-Margin Protection Program (MPP). This year’s election period runs through September 30th for the 2016 production year. Every farm that enrolled for 2015 will need to re-enroll before the deadline. You may enroll at a different coverage level than you did the previous year or at the same level. The chart below shows the premiums at each coverage level. The premium is per cwt (100 lbs of milk shipped) and is in addition to the $100 fee. Continue reading

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Correction – Dairy Margin Protection Program (MPP-Dairy) information and deadlines

James Pease, Professor, Department of Agricultural and Applied Economics, Virginia Tech

It was brought to my attention that I gave an erroneous deadline for filing dairy production history information for the Dairy Margin Protection Program (MPP-Dairy) of September 28. Instead, producers have until November 28 to certify their production history and make their MPP decisions for 2014 and 2015.

MPP-Dairy is a voluntary dairy support program that pays producers if the difference between national average all milk price and national average feed costs over a two-month period during a calendar year falls below a producer-selected level between $4-$8/cwt. The producer also selects coverage for a proportion of their milk production ranging from 25-90 percent. Producers need to establish a production history (the highest annual production during 2011-2013) by September 28, 2014 and make their MPP margin and coverage selection for 2014 and 2015 by November 28, 2014. There is a $100/year administrative fee, and additional premiums apply to higher coverage levels and higher milk production history. For calendar 2014, total fees and premiums are due at the time of registration. For calendar year 2015 for MPP selections that incur a premium, at least 25 percent of the premium is due by February 1, 2015 and the remainder before June 1, 2015. For MPP information and sign-up, contact your local Farm Service Agency (FSA) office at http://offices.sc.egov.usda.gov/locator/app?state=va&agency=fsa.

 

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