Dairy producers in 2009 saw the worst dairy profit collapse since the 1930s, said Joe Horner, University of Missouri Extension dairy economist.
"They will return to profitability in 2010," said Horner, who will be lead speaker at five "Dairy Profit Seminars" across the state, including one at the MU Southwest Research Center in Mt. Vernon on Feb. 23.
"Producers dug a deep hole in 2009 and now must get out," Horner said. "Two keys will be to learn to control risks and not carry excessive debt."
|Missouri dairy farms can profit, Horner said.|
"Survival is not as likely for some large western dairy farms that expanded quickly with lots of leverage in recent years," Horner explained. "Many western dairies were vulnerable to low milk prices, high feed costs and financial uncertainty. They collapsed under their debt load."
|However, land-based Missouri dairy farms, with access to locally grown feed, can be profitable, he said.|
|Keith Schwinke will speak on "Bounce Back," telling ways to overcome dairy farming challenges. He represents Alltech, a nutrition and animal health company.|
|Dave Drennan, of the Missouri Dairy Association, will discuss animal rights issues raised by the Human Society of the United States and their possible impact on dairy farms.|
|Matt Waldron, MU dairy nutritionist, will offer ways to control ration costs. He will be followed by Jonathan Broomhead, chief research scientist at Oil-Dri Corporation. Rick Bonander will speak on "Are You Maximizing Your Profits?" He is business manger of Adisseo, a manufacturer of nutrient additives.|
|A panel of local dairy producers will end each program with tips on how they cut costs.|
|Those who register for the seminars can submit a sample of their Total Mixed Ration (TMR) for particle analysis by MU Extension specialists. Vendor exhibits will be set up at each location.|
|The program schedule, designed for milkers, starts with registration at 9:30 a.m. and ends by 3:30 p.m. The on-site $20 registration fee includes lunch. For a meal count, participants are asked to register in advance by calling Tony Rickard, Barry County Extension director, at 417-847-3161.|
|The profit seminars are a joint effort of the Missouri Dairy Association, MU Commercial Agriculture Program and MU Extension.|