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He was one of the best known Americans of his time, in popularity trailing only his contemporaries Richard Nixon and Billy Graham, both of whom would play important roles in his life. He served as Secretary of the Treasury under Nixon.
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His first cabinet position was Secretary of the Navy in the Kennedy administration. He resigned that position to run for governor of Texas, which he won. As governor, he sat in front of Kennedy as they rode through Dallas in November of 1963. He, too, took a bullet from the assassin’s gun.
What is potential worth?
When you think about potential, it’s amazing how valuable we seem to believe it is. For example, think about many of the purchases and investments you’ve made. It’s easy to calculate how much an investment has returned in the past and how much it’s yielding in the present.
But one of the real reasons you choose to take on the risk of a purchase or an investment is due to the potential gains or savings it will deliver in the future. I guess technically we call that a “forecast,” but essentially we’re talking about potential.
“Take away my factories and I’ll build a new and better factory. But take away my people, and grass will grow on the factory floor.”—Andrew Carnegie
Andrew Carnegie was no bleeding heart, social humanitarian do-gooder, but rather a Capitalist with a capital ‘C’ – a man whose fortune, in today’s dollars, would stir envy in the heart of Bill Gates.
Yet the immigrant industrialist was simply acknowledging that in his steel business – just as in your dairy business – people mean profit. Your organization’s ability to attract, retain and make productive the best talent available has a direct impact on your ability to grow, make money and sustain a competitive advantage.
Joe Stewart has been dancing around the edges of milk marketing for several years. In fact, in mid-2009, he was profiled in Progressive Dairyman as a producer who wanted to take his farm marketing to the next level and was unsure how to do that.
At that time, a marketing assessment from Stewart-Peterson found Joe scored a 2 in the “experience” area, one of five critical success factors for good marketing. On a scale of 1 to 5, with 5 being the best, experience turned out to be Joe’s chief constraint – the main thing standing in his way of marketing well.
The cost of financial statements and tax returns is often seen as an annoying expense to meet an outside party’s requirements. However, the information contained in these documents can easily be used to calculate key ratios that can be valuable management tools when understood and used to make operating decisions.
Ratios allow a dairy owner to quickly understand whether the dairy is making money and where it stands compared to prior years and industry benchmarks.
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Summary: In a poll conducted January through March 2011, Progressive Dairyman asked readers whether the dairy industry, beef industry, veal industry or all three should be responsible for reducing the antibiotic residues. The results signified that this is not a dairy-versus-beef issue; this is an animal agriculture issue. See the results below.
[Click here or on the image above right to see the full list of the Top 25 articles of 2011. Click here to see the list from 2010.]
On July 21, 2010, President Obama signed the Wall Street Reform and Consumer Protection Act. Title VII of the Act, entitled “The Wall Street Transparency and Accountability Act,” amended the Commodity Exchange Act (CEA) to establish a comprehensive new regulatory framework for swaps and security-based swaps.The legislation was enacted to reduce risk, increase transparency and promote market integrity within the financial system.
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Summary: Sarah Caldwell (then a Penn State senior) provided this report from the Dairy Science Club's spring trip to Costa Rica. Along with information about the students' itinerary, which featured several farm visits, Caldwell provided more than 20 photos from this once-in-a-lifetime trip opportunity.
Because this article was so popular, we asked Caldwell a follow-up question:
Q: During your college career, you've traveled on two international trips. Why do you think it's important for students to learn about dairying in other countries?
A: For students who want to continue in the dairy industry after graduation, a trip abroad can be very educational. On my two trips abroad to Costa Rica and Ireland, I was able to see firsthand the challenges and advantages producers in those countries faced. As far apart as we were, it was interesting to see how similar our industries are. In addition to the souvenirs I brought back to the U.S., I also brought new ideas and a fresh perspective for dairying in this country.
—Sarah Caldwell, 2011 Penn State Graduate, Sales Trainee for Dow AgroSciences
I have been asked twice in the last five years, “How do I turn my dairy around? How can I resurrect my farm from near death to a vibrant dairy that people look at and admire?”
What I did was break down these different areas of concern into several different categories.
Pinkeye is an infection that can sneak up on cattle, including dairy replacement heifers. Severe cases can leave lasting eye damage, not to mention performance setbacks.
The bacterium Moraxella bovis is the most common cause of pinkeye. However, other Moraxella species and some viruses also can contribute to pinkeye. Outbreaks among cattle, including heifers, peak in the summer because of increased exposure to ultraviolet light.
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