Show Me the Money: Strategies for Dairy Farm Profitability
For the past several years, the Penn State Extension Dairy Team has been conducting research about key aspects of dairy farm profitability. In Winter 2012, the Extension Dairy Team conducted a series of informal conference calls to permit researchers to share information and to discuss strategies for improving dairy farm profits. Recordings of the sessions are presented, below, along with materials utilized during each call.
The format for calls is a short presentations by researchers or other agribusiness professionals followed by opportunity for questions and discussions. Calls were open to anyone in the dairy industry at no cost, courtesy of a USDA grant, and are no more than one hour in length.
Recordings from the Winter 2012 Series
Current Research Update: Whole Farm Assessment Tools to Identify Strategies for Increased Dairy Farm Profitability
- An introduction to the series, January 2012
Dr. Lisa Holden, associate professor of dairy and animal science at Penn State, and Rebecca White, senior research technologist, Penn State Extension Dairy Team, share production and financial data collected on dairy operations across Pennsylvania. Penn State Profitability Assessment Dairy Tool data is shared.
Click here to hear an audio recording of this session. Click here to view a pdf of the powerpoint referred to in the audio recording. Penn State income over feed cost data referred to in the recording can be found here.
Forage Quality, Feed Costs, and Financials
- Recorded February 1, 2012
Virginia Ishler, Penn State nutrient management specialist and manager of the Penn State Dairy Research Complex discusses how forage qualities and feed costs affect your Income over Feed Cost and what changes you can make today to increase cash flow.
Click here to hear an audio recording of this session. Click here to view a pdf of the Powerpoint presentation referred to in the audio recording.
Loaning Money to Farms: Opportunities, Risks, and People
- Recorded February 15, 2012
Richard Stup, director of business management services at AgChoice Farm Credit, discusses what banks look for when lending to farms. Find out what you can do today to better prepare for borrowing tomorrow.
Click here to hear an audio recording of this session. Click here to view the Powerpoint presentation referred to in the audio recording.
The Good, the Bad, and the Ugly Investments
- Recorded February 29, 2012 - 12:00 p.m. to 1:00 p.m.
Return on an investment is critical for a dairy operation when expanding or just renovating and updating equipment. How do you get the most “bang for your buck” when investing in your dairy? Dr. Lisa Holden, associate professor, Penn State Department of Dairy and Animal Science, will discuss good and bad investment decisions and how they affect your bottom line.
Click here to hear an audio recording of this session. Click here to view a pdf of the Powerpoint presentation referred to in the audio recording.
Best Management Practices for Profit
- Recorded March 14, 2012
Rebecca White, senior project associate, and Dr. Lisa Holden, associate professor, Penn State Department of Dairy and Animal Science, discuss key best management practices that can improve profitability.
Click here to hear an audio recording of this session. Click here to view a pdf of the Powerpoint presentation referred to in the audio recording.
Sponsor
This program is funded through USDA Dairy Profitability Special Grant #2009-34437-19958
