The 2024 Farm Journal State of the Dairy Industry Report highlights a sector poised for growth, adaptability and new opportunities. By fostering strong relationships, innovating profit streams and securing generational continuity, the dairy industry stands on the cusp of a promising future, writes Karen Bohnert. She shares four key insights:
- Embracing a growth mindset
- Diversifying with alternative profit lines
- Strengthening processor-producer relationships
- Addressing the succession challenge
Source: Dairy Herd Management, December 13, 2024. Link.
INSIGHTS: The full survey report is worth reviewing for animal health pros servicing, marketing or selling to the dairy segment. The geographic shift inland from the coasts and herd size changes are important, as is the beef-on-dairy uptake. Access the full report here: https://www.dairyherd.com/state-dairy-industry
Leave a Reply