Tools for Profit
Don’t blindly cut back on feed cost
With the price of corn, soybeans, hay and other feeds at or near-record levels, your feed cost is painfully high.
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Invest your profits wisely
Last year was a very profitable year for almost every dairy farmer in the U.S. Sure, 2007 feed prices were high and the cost of other inputs, like energy, also jumped. But that was more than offset by the high prices you have received for milk most of the year.
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Learn from lessons past
Bruce Jones is a professor of agribultural economics and farm management specialist at the University of Wisconsin
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Your seat on the roller coaster
When in a roller coaster that's climbing a steep incline, your stomach usually tightens. That's because you know your heart will be in your shoes in just a matter of minutes when the roller coaster drops over the next hill. Yet, when the ride is completed, we often get back in line and ride again.
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Make a difference to the one
A woman was walking along a long stretch of beach after high tide. It was littered with starfish and tiny sea creatures left stranded by the ebbing water. Every few feet the woman bent over, picked up one of the doomed starfish, admired its uniqueness, and then gave it a good fling back into the surging waters. A man approached and asked what she was doing.
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The green machine
Lately, everywhere you turn the “green machine” is roaring its engine and affecting nearly every aspect of our business.
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Get off the farm
If you want to stay on the farm, you have to get off of the farm.
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Conflict resolution strategies that work
Here are seven successful ways to overcome conflict and get your family and your family business back on track.
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Five tips for selecting accounting software
The majority of my clients have already made the move to computerize their operations. However, the infamous Y2K computer bug is causing a number of clients to review their present accounting programs. A lot of the programs, as well as a number of computers, will need to be upgraded to avoid surprises in the year 2000.
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10 tips for off-farm investing
Strategies for growing your retirement dollars are the same for dairy producers as they are for other independent business operators. Consider the following tips:
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Dealing with family members
In family businesses, combining the desire and drive of the younger generation with the capital and financial management skills of the older generation creates a very efficient business structure. However, everything is not always sugar and spice. Rifts in the organization can occur if the parties cannot reach agreement on key decisions.
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- Vilsack: Taking time to remember the fallen
- Ag markets diverge just before the long holiday weekend
- Study suggests dairy herd water quality linked to milk production
- Wis. lawmakers question challenges to large wells
- Traders evening up positions ahead of the weekend Friday
- Bio-Vet and Keller break ground on new facility
- Seven jobs more dangerous than farming
- White House urges Senate to cut crop insurance in farm bill
- Class III futures close out quietly last week
- 4 rules for growing a business or industry
- Drop in U.S. underground water levels has accelerated
- Ongoing wave of Calif. metal theft prompts further legislation
