Tips On How To Increase Dairy Farm Cash Flow
Navigating the turbulent tides of the dairy farming industry can feel overwhelming, especially as financial pressures mount and the future remains uncertain. The challenges are real, but so are some solutions. Pauly Paul writes in his article in AGProud:
“Borrowing money to pay the bills? If that is you, you are not alone. As a dairy consultant who helps farmers increase income and efficiencies and reduce their expenses, these are the phone calls that have been coming in recently as worries loom over what is to come in 2023.
But even when the dairy farmer can’t see it, I believe there is always a way to uncover opportunities to increase cash flow and cut back on unnecessary expenses. In fact, there is one dairy in particular that our team has successfully turned around from borrowing money to pay the bills to being cash ahead, and they continue to hold this position in spite of the current milk markets, inflation and rising input costs.”
