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Management

Manage dairy employees, establish farm protocols, take on milk marketing, and become more confident in your farm financials.

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Dairy sector economics have been challenging. On one hand, the U.S. and world economies are growing with increasing demand for dairy products, particularly butter and cheese. On the other hand, since Europe removed its milk quotas a few years ago and Canada tweaked its pricing system, the additional milk supply worldwide is outstripping this growing demand.

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Many employers spend thousands of dollars and hundreds of hours trying to meet state and federal mandates on labor law compliance posters, employee policies, training, mandatory forms and professional certifications each year. Yet that may not be enough.

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There are many factors that can reduce a dairy’s profit margin and, with today’s financial situation, each cow must earn its keep. Herd information and data provide a wealth of information of financial results and performance.

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Add these articles to your dairy business library.

Four habits for resiliency

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The grain market began the month of April by processing the March 28 USDA Prospective Plantings and Quarterly Stocks reports. The reports caught many off-guard. Cumulatively, corn and soybean acres were estimated at 177 million acres, 3 million acres fewer than the 2017 season.

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Labor issues were critical topics both on the agenda and in conversations throughout the High Plains Dairy Conference in Amarillo, Texas, March 6 and 7, 2018. More than 300 dairy producers, industry personnel and university staff gathered for the event.

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