Management

Gaining an edge in a competitive marketplace requires keeping a keen eye on cost of production and looking for ways to control those factors.

Regardless of the type of feeding system you have, there are many opportunities to declutter your ration, putting more money in your pocket and simplifying your life.

In January 2017, the FDA issued new regulations for the use of some medicated feed products in livestock. Antibiotics considered important to human medicine now fall under the Veterinary Feed Directive (VFD). A VFD is a written authorization from the veterinarian providing oversight of the animals on the farm.

Can you download an app that will raise financially savvy kids? I would say, more than likely, no. In today’s educational system, many kids can’t or won’t take courses in banking, personal finance or budgeting.

Bob, the dairy’s general manager (GM), came into Cliff’s office and said, “It’s bad, Cliff. This just isn’t going to work anymore. Either he goes, or I go.”

A market correction is a common trigger to start marketing. After a painful correction, frustration sets in, and risk management receives more attention. Some farmers will begin managing marketing on their own.