Feed inventory essential to producers facing record feed prices

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Dairy producers faced with rising feed costs should start calculating daily feed needs and total requirements along with current feed inventories, says a Michigan State University Extension ruminant educator. Producers needing to procure feeds should develop purchasing strategies that may include forward contracting and utilizing future price protection against rising feed costs.

Farmers short on feed inventories may want to consider culling, rather than buying feed.

"Every individual operation will need to evaluate their situation regarding cash flow and long term profitability," says Frank Wardynski, ruminant educator with Michigan State University Extension.

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