Feed prices are going up. Milk prices are not keeping pace. Profit margins are shrinking. Lenders are getting anxious. Conditions are ripe for poor decision making.
A common trap when margins are getting squeezed is improper cost-control strategies, says Kevin Spurlin, extension agent with Virginia Cooperative Extension. A simple goal of focusing on what pays the bills is a great starting point when evaluating cost-cutting opportunities.
In the October 2012 Virginia Tech Dairy Pipeline newsletter, Spurlin looks at some low -isk, high-reward cost control tips that align with this goal.
Read the article here.