What Can Producers Do to Best Position Their Business in Tough Economic Times?
• Times like these are a time to reflect on what we are doing right and as importantly being objective about what we can and need to be doing better. Producers need to look at this as a time to re-evaluate their operation. What are things that can be done to save costs without compromising production, health, and profitability? Consider areas that are known profit leaks and develop specific plans to correct them. Often it is hitting several singles and not necessarily a homerun in this regard, but every little bit helps. • Producers need to get their employees involved as they have a lot at stake as well. Producers need to empower their employees to be a part of the solution. This begins with communication. Empower employees to provide ideas on how costs can be reduced and/or efficiency be improved in their area of responsibility whether that be milking, feed, people or cow management. Employees need to know that cost reduction will be a focus, provide a sense of urgency and let them k
