Today, we are talking about a 1,500-cow dairy that was on the verge of selling out – but not on their own terms.
The farm had not made money in 3 years.
Their banker told them their loan was not going to be up for renewal, and suggested the auction block was their action plan.
And a good dairy farmer who was having a hard time hanging onto hope that things would ever get better – for his farm and for his life.
5 years ago, the future was not looking good for this dairy or dairyman.
But fast-forward to now: That same dairy farm is still in business – in fact, they are still with that same lender – and they have been making money …even when $13 milk hit last summer, they were confident in their viability.
So what took them from the brink of bankruptcy to being profitable, to being able to not just pay their bills – but prepay some bills?
It was a phone call to Pauly Paul with Complete Management Consulting. Pauly is joining us once again on this UPlevel Dairy Podcast, to share his expertise in helping dairies take charge of their finances, up their operational efficiencies, and organize labor so they can be competitive, profitable long-term businesses.
So how did Pauly turn around this 1,500-cow dairy? Well, you are about to find out:
- The 3 key areas of management where Pauly helped them increase income and reduce expenses quickly
- The four-part financial package that helped them move from the lender’s non-renewal list to a solid long-term banker relationship today.
This episode is sponsored by Complete Management Consulting.
Episode links:
Listen to the Uplevel Dairy Podcast on Apple Podcasts, Spotify, and Amazon Music.
Watch the podcast video on the Uplevel Dairy YouTube channel.
The Uplevel Dairy Podcast hosted by Peggy Coffeen is the podcast for dairy owners and managers looking to take their business, management, and leadership to the next level. Learn from other dairy managers and hear from industry experts on employee management, finance, family business, and more. Visit UplevelDairy.com, and find the Uplevel Dairy Podcast on Apple Podcasts, Spotify, Amazon Music and YouTube.
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