Articles Tagged with ''financial stability''
To reduce exposure to risk, a rancher must consider replacing heifers without causing financial stress to the operation. Accurate recordkeeping, understanding the impact of higher interest rates and knowing the income streams your ranch can provide are critical.
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Dairy farming with a $15 breakeven
Maximizing parlor efficiency, quality feed, reducing expenses without sacrificing quality, labor efficiency, maintaining financial stability and diversifying revenue streams are several ways to reduce breakeven cost while maximizing profitability.
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Who is in your corner when times get tough?
Evaluating fixed and variable costs throughout the operation can help identify areas where cost and labour savings can be achieved. However, cow comfort is an area that should not be cut.
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Managing new and used dairy robots for longevity
Milking robot technology is more widely available than ever before. Ensuring the greatest ROI when deciding between new and used involves evaluating multiple variables and pairing the investment with a service level agreement to provide peace of mind and financial predictability.
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Diversifying dairy revenue streams
Considerations and strategies for diversifying non-milk revenue streams, including feed, custom work, cull cow sales and beef-on-dairy.
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Managing medical bills for farmers: A guide to negotiation and assistance
Proactive measures before the medical procedure along with closely examining the bill for errors or price gouging and then working with an advocate if needed can help farmers avoid medical debt.
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Moo-ving forward: Navigating challenges and celebrating successes in Idaho's dairy industry
The last couple of years have been tough on Idaho’s dairy industry. However, despite recent hardships, resilience, innovation and optimism prevail, shaping a robust future for producers and processors statewide.
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Unlocking farm success: Analyzing profits to maximize value
Success relies on a cross-functional team that is informed and engaged to work toward a common goal.
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Economic update: USDA reduces dairy export forecast
Despite the downturn, the dairy category remains a positive compared to the overall agricultural trade balance.
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