Surviving Low Milk Prices

April 27, 2016

Here we go. Another challenging year and an opportunity for you to challenge the ‘status quo’ and make sure you are running on all cylinders in the key areas that affect dairy profitability. Taken from the archives of 2009, here is Dr. Greg Bethard’s* “Top 10 Keys to Making Money in the Dairy Business.”

Keep a full barn
Healthy fresh cows
Offer a career change to unprofitable cows
Realize quality and component premiums
Maximize income over feed cost
Procure high quality forages
Generate pregnancies (heifer and cow)
Minimize replacement costs
Cut costs intelligently
Control labor costs

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*Dr. Greg Bethard presented “Surviving Low Milk Prices” at the Florida Dairy Production Conference in Gainsville, FL on April 28th, 2009. He is currently serving as CFO of Pagel’s Ponderosa Dairy and Dairy Dreams in Northeast Wisconsin.

Tags: bethard, Big Fat Ideas, economics, margins