Yes - June is Dairy Month and celebrating, educating, enjoying are all a part of it. Knowing just what today's dairy operations are facing though, as far as economics is part of the story.
Bill Oppriecht is a senior dairy lending specialist with Compeer Financial. He speaks with Pam Jahnke about the rollercoaster events that have upended a lot of financial strategies on today's modern dairies.
Oppriecht is also keeping a close eye on the high values being placed on baby calves, steers and even cull cows. How is that impacting bottom lines today, and herd size and production going forward?
Bill's also reminding producers to keep a handle on expenses. Whatever it is, labor, feed costs - having some control is going to be even more valuable by the end of 2024.
Oppreicht ultimately encourages dairy producers, regardless of size, to engage in strategic planning conversations today. He still sees great opportunities to lock in on prices that should cover most margins with returns. It's just a click away at compeer.com.