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A Team Approach to Dairy Expansion. Jim Leverich Agricultural Agent UW-Extension Dennis Deitelhoff Farm Business Instructor Western Wisconsin Technical College. Here is where it all started. Why a team approach?. Two Heads are Better than One, and so on.
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A Team Approach to Dairy Expansion Jim Leverich Agricultural Agent UW-Extension Dennis Deitelhoff Farm Business Instructor Western Wisconsin Technical College
Why a team approach? • Two Heads are Better than One, and so on. • Limited Capital Expansions require a great deal of prioritization.
Planning Process Items • Mission Statement • Business Plan and Cash flows • Building and Feed Storage Plan • Management/Consulting Plan • Labor and Management Plan
Mission Statement • Producer/Family Need to develop realistic Mission Statement • Team approach helps people see several view points • example: conservative/aggressive
Business Plans and Cash Flows • Current Cost of Production • Cash Flow Projections • Financing Plans and Options • Cash Management Plans • Line of Credit Needs
Building and Feed Storage Plan • Utilizing Existing Buildings • Milking Facility • Future Building Growth • Feed Storage • Manure Storage Options
Management and Consulting Plan • Nutrient Management Plan • Cropping Plan • Animal Health and Management • Expansion Plan • Consulting Team Plan
Prioritization of Spending • Cows • Milking Facility • Updated Freestall Facilities • Feed Storage Facilities • Manure Storage