If you are managing your dairy herd solely from the farm’s financial statements, you may be missing opportunities to maximize profitability.
“Dairy farm finances come as a result of managing the biology of the dairy cow well,” explains Mike Lormore, head of U.S. cattle technical services for Zoetis. “That doesn’t mean you don’t need to have a good financial plan. In today’s market, you absolutely need to understand how to use risk management tools. To have a profitability improvement, sometimes you need to only be 1% to 3% better in several different key areas."