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DairyCast Update for January 19, 2012, Food Safety Isn't Interesting... Until It Is

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Information To Help Your Operations

Audio: Food Safety Isn't Interesting... Until It Is - Tony Flood,International Food Information Council, asks "How much time do you spend learning about something you don't think you'll need?" and provides insight on how this applies to food safety. He suggests creativity is key to implementing food safety.
Study: Cost of Production More Important Than Milk Prices - According to the DairyCo (UK) Milkbench+ report, the relationship between cost of production and profit is much stronger than many dairies realize. The report states that cost of production is the most significant factor in determining profit. Another key finding: "Average yield per cow is not the main driver of profit. Higher yields are not the answer if they are produced at the expense of feed efficiency; every extra gallon needs to be profitable."
Audio: Do You Have Leadership Traits? - Ian Davis, retired Managing Director at McKinsey & Company, recently shared his top five leadership traits with Stanford's Graduate School of Business students. Ian has consulted with major international management leaders, seeing very good...

Dairies: Cost of Production More Important Than Milk Prices

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Profiting from efficient milk production

According to the DairyCo (UK) Milkbench+ report, the relationship between cost of production and profit is much stronger than many dairies realize. The report states that cost of production is the most significant factor in determining profit.

Milkbench+ analyst Karolina Klaskova says: “Through robust data and statistical analysis we see that the relationship between cost of production and margin is strong.” Ms Klaskova acknowledges that the findings are challenging. “The report raises many issues, including just how difficult it can be to make a profit from milk production,” she says.

Nestlé Strategy To Access The China Dairy Market

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via online.wsj.com

How does a foreign company gain access to such a large food market like China? Build infrastructure and train people in China to create and build supply chains. Nestlé SA is doing just that with the Chinese dairy market by spending millions of dollars to teach farmers how to care for their cows.

Nestlé will guarantee bank loans for [Chinese] farmers to buy more cattle. The company also plans to set up "cow bases," at which small-scale farmers will pay to have their cattle professionally managed.

This strategy will help Nestlé with its supply needed to create its branded dairy products like Carnation, Coffeemate, and Nido for children.

Webinar: Using Social Media to Share Dairy Farm Stories

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How can you utilize social media in agriculture? What steps should you take when general media portrays farming operations in a negative light? This webinar offers some guidance, tools, and resources to help. Webinar from Dairy Management Inc. and myDairyToolkit.com, December 14, 2011.

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DairyCast Update for Dceember 16, 2011, What is Weather Insurance?

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If you could take weather risks out of the picture, how would it change your decision making? The Climate Corporation can do just that with their unique insurance program. Not production insurance, not crop insurance, but weather insurance.