Regardless of how long you’ve been farming, your key goals include long-term financial success and stability. Achieving these goals will be easier if you create a comprehensive budget that enables you to plan your finances, manage risk and track profitability.

Smaller producers often simply accept as fact that their production costs are going to be higher than their larger counterparts. However, there are ways to become more cost-effective and profitable.

Collecting and organizing data is crucial for preparing and planning for the next crop year. For example, data on acreage, yield and expected prices can help estimate gross returns. This information is valuable when negotiating with a banker for a new loan or refinancing an existing one. It’s also useful for setting lease terms with a landlord for the upcoming year.

The journey from pasture to plate is fraught with challenges, particularly during the initial receiving period when cattle are most vulnerable. The receiving phase, typically encompassing the first 45 days after cattle arrive at a feedlot, is critical for ensuring their health, well-being and subsequent productivity.

Until recently, raising all heifer calves to breeding age or calving and selling them was not profitable. Using the concept of genomics, lower-ranking females in the herd have been bred to beef sires, resulting in a new profit center for many farms. Finally, we are learning to appreciate that the better we raise our heifer calves, the healthier they are, and they produce more milk during their first and later lactations.

The benchmark reports are interesting and folks tend to value them in different ways, but they are a little more than just a means to compare yourself with your neighbors or fuel a competitive spirit.

Protocols on a dairy farm are essential for a smooth, organized workflow, ensuring safety and efficiency for cows and farm staff. They maintain high health and well-being standards by supporting proper animal care and management.