A new digital platform to access capital aims to quickly finance dairy farm projects up to $2.5 million in value and do so in days, not weeks.

Whether dairy producers are making the switch to automation for the first time or adding to existing equipment, preowned systems offer access to the benefits of automation at significant savings from new pricing.

If renting the land on better terms is the goal and farmers want the best alternative to continue at regular terms, then maintaining the landlord relationship is key. An adversarial negotiation may not be the way, but there is another way – a friendly negotiation, or better yet, a friendly conversation. After all, by definition, a negotiation is simply a conversation aimed at reaching an agreement.

Making sure the farm is financially organized could be a key to running a successful and sustainable operation. Unlike many other industries, farmers are faced with unique challenges such as fluctuating market prices, unpredictable weather and potentially volatile cash flows. Ensuring you are aware of the current financial position of the farm by creating accurate and timely reports can allow you to make quick decisions when necessary.

At Jer-Lindy Farms, crops are grown, cows are cared for and milk is produced, much like many dairy farms across the nation. In addition to the conventional way of dairying, the Jennissen and Sjostrom families also turn their milk into cheese at the on-farm Redhead Creamery and make whey-based spirits, all while telling their story through public and private on-farm gatherings.

During the farm crisis of the 1980s, the term “cash flow is king” drove home the importance of using cash flow to pay debt. That’s still important as we continue to ride the cycles of the industry, but a projection of earnings is equally important. As the calendar transitions to 2025, dive into the question of why both are valuable.

The reasons dairy farm families continue to invest and grow are rooted in the nature of dairy farmers and fundamental economic drivers. It is important to understand the drivers for investment decisions – both for planning on your own farm and for the industry overall.