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Business Management
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Let’s get control of our business

January 20, 2010
Deb Reinhart and Dave Geiser of Gold Star Farms have been business partners and respected dairy managers for 34 years of their married life together.
Read More

The dairy economy – Where do we stand today?

January 20, 2010
Every dairy producer knows that 2009 was a tough year for the industry, but 2010 can be a good year for those willing to stay on top of their financial planning and management practices.
Read More
020410 lee volatility full

Managing volatility is not like predicting the weather

January 20, 2010
Weathering a strong Minnesota blizzard to attend the Midwest Dairy Expo in December wasn’t any worse than the economic storm dairy producers weathered this past year.
Read More

How will the industry change in the next decade?

December 29, 2009
In Denmark, Sweden and the Netherlands, several dairy producers get up in the morning with full confidence that they know who is pregnant, who is cystic and who is in heat without consulting a veterinarian, or conducting any kind of invasive examination. They will consult their computer for this information, and at the same time they will receive flags of likely new clinical mastitis cases and cows with subclinical ketosis.
Read More

Bubble blowing and bursting: CME defies its rule of thumb

December 28, 2009
In dealing with complex relationships and numbers, it is common to employ “rules of thumb.” Rules of thumb are broadly applied descriptions used to approximate calculating or recalling a value. As a rule, rules of thumb are not strictly accurate, which means they probably are wrong to some degree or another. They survive because the differences are within a small range.
Read More
Top25

Let’s agree on a few things about MPCs

December 9, 2009
This article was #19 in PDmag's Top 25 most-well read articles in 2010. Summary: In the fall of 2009, it was hard not to come across a producer or dairy writer sharing an opinion about milk protein concentrates. In this article, Ben Yale pointed out that only a small percent of milk proteins are produced outside of the U.S. and that the term “milk protein” covered a wide range of dairy products. Because this article was so popular, we asked Ben Yale a follow-up question:
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How to work with your lender during difficult times

December 9, 2009
For most dairy producers, the past couple of years have been like a roller coaster. An unprecedented boom in milk prices was followed abruptly by a gut-wrenching collapse. The run-up in feed and fuel prices last year has further eroded equity positions. The time to renew operating credit lines will soon be here.
Read More

Manage parlors for efficiency, health and productivity

December 9, 2009
Milk’ing par’lor – noun – a facility where equipment, cows, people and procedures come together for the purpose of harvesting healthy milk in a safe and efficient manner. While lengthy discussions could be written about each aspect of this definition, this article consolidates some important points about the management of milking parlors.
Read More

Communicate well during stressful times

December 9, 2009
It seems as though every time you pick up a farm publication there is a headline about the high level of risk involved in today’s farms. High levels of risk also mean high levels of stress for most individuals. With so many other aspects of production, risk management and financial issues to worry about, you may think business and family communication is the least of your concerns. However, open and honest communication is even more important during times of high stress.
Read More

What is the structure of your family business?

December 9, 2009
Organizing is establishing an internal framework for the business. An internal framework, called an organizational structure, is necessary if two or more people are involved in the business.
Read More
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