2011 may be a year some dairy industry producers would like to forget about. It was characterized by extremely high feed prices, which put a dent in our profitability. But keep in mind that record high milk prices were seen in 2011 as well. So, in its entirety, net income should be relatively positive.
As we look forward to 2012 I would expect that if the milk prices that are reflected in Futures Markets truly hold up we should see some sound cash flow and reasonably good profitability on most dairy farms.
Important conclusions and lessons learned from 2011 on the dairy farm.
An important aspect of dairy farm profitability is keeping your expenses in line. Here John provides some insights into how to do this effectively.
Be willing to recognize that you may be the problem in your business. In so doing, you will likely open yourself to overcoming many challenges
In a recent issue of the Wall Street Journal Jeb Bush, governor of Florida, discussed his state’s efforts to reform education and how difficult
Do you feel like your lender is being tough on you? Welcome to the new world of dairy finance. I have seen some of the most extreme lender responses
One of my favorite business quotes is Jack Welch’s: “Face reality as it is, not as it was or as you wish it were.” I recently read an article
It’s time for a reality check. Maybe I’ve missed something. I’ve been in the dairy industry for almost 40 years. I got my first job in it when I was in my early teens. Now, I think I’ve seen it all. A program for banks called TARP (Troubled Asset Relief Program) now being in need […]