Despite rumors of its demise U.S. milk producers expect 2024 to be a profitable year according to the latest report released from Zisk.
Zisk is a free app that incorporates data from producers on their milk contracts, feed prices and a predictor of dairy enterprise profitability. In its third annual report, by combining the data of all of its users, it shows that dairy producers are expecting a profitable year, although much less than for the previous two years. Zisk has now been downloaded by over 4,000 farm owners, representing 4.2 million cows, or 45% of the U.S. herd. As such, aggregating the data from all those farms shows some fascinating insights, including data on herd size, average basis, milk production in an overall trend report showing what to expect in 2024. The report is available for free online at Ziskapp.com.
The 2024 predictions also show that farm size matters; larger farms will make higher profits per cow, while smaller ones, especially those with less than 250 cows will generally be unprofitable. While market prices going forward are not favorable, the report shows how many dairies have guaranteed profits by locking in their prices, especially the larger ones, and this is increasingly making a difference over those who don’t have the experience or access to these market tools such as Ever.ag and mydairydashboard.com.
By AIDAN CONNOLLY
February 9, 2024
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