Articles Tagged with ''profit''
Uncertainties should not paralyze decision-making or delay essential long-term strategies such as succession planning. Ensuring a smooth transition to the next generation or new management is critical for the continuity and sustainability of the operation.
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Three ratios to improve your dairy’s financial fitness
As we age, health principles like stability, cardio and strength are vital, just as key financial ratios like working capital, debt-to-equity and debt service are essential for assessing and improving the financial health of dairy operations.
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The power of uniformity
Uniform nutrition protocols, particularly when they relate to gut health, will increase the uniformity (and therefore profitability) of your calf crop.
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Mitigating stress and improving feed intake in high-risk cattle
Nutritional drenches can provide a huge boost to calves’ immunity as they enter a new environment, which naturally leads to greater opportunities to turn a healthy profit.
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The business of agriculture: Are you the CEO?
Farming demands both technical and financial skills; Canadian dairy producers excel in production but often lack financial knowledge, highlighting the need for better management training and adviser collaboration for success.
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How much do equipment breakdowns really cost farmers?
Equipment breakdowns cost farmers more than repair expenses, leading to delays, lost income and increased labor costs. Proper maintenance, operator training and insurance can mitigate these impacts.
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Finding the right balance: Relying on instinct, data or both
Cattle producers are privy to more data about their herds and the market than ever before. Combined with their intuition, that data can be a powerful tool for managing risk and animal health.
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Debt: A double-edged sword
When managed properly, debt can be a tool to help with profitability.
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10 basic tenets of free-choice mineral supplementation
Knowing when, what and how much to supplement your cow herd will optimize cattle performance and improve your operation’s bottom line.
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Choosing a mineral supplement: What can the tag tell you?
Understanding the information contained in a supplement’s label could be the difference between empty calories and a substantial return on investment.
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