Originally posted by LWC
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Last edited by curtintex; 01-05-2018, 10:26 AM.
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Originally posted by Low Fence View PostAlways a misconception in milk prices vs our pay. It makes ZERO difference and I've never known why. Makes a difference to corporate but not us
If milk were $25 a gallon tomorrow morning we would still get $0.16 a pound
But if fuel goes up.... we pay additional freight fees.... on top of paying ALL freight anyway ( from barn to store)
A few years ago that huge fire killed like 30,000 dairy cattle.... market never wiggled. If 10,000 beef animals disappeared you couldn't afford to make hamburger helper for 8 months
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Worked for a few different dairies when I was younger. Most of the people I still know in the business make money selling secondary products in addition to milk. Making various cheeses, or butter seems to be the way to increase income. That being said, everyone I know works long days and don’t take vacations.
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Originally posted by Low Fence View PostI am a full time dairy farmer. Been for 26 years. You work non stop and handle millions of dollars in hopes of making $40k every other year. I hate it, with every fiber of my being. The industry is as crooked as it gets and it's basically a monopoly
Milk when we got in 26 years ago was $.19 a cwt....... now everything is 4x minimum cost and milk is $.16 cwt. Without our genetic program we too would be out of business like 95% in our area. I dream of the day I can tell DFA &$&% you
My perspective
I was in a similar position back in the early 80`s. I was in my early 20`s and thought I wanted to quit my job in the grocery business and go in the the dairy business with my in-laws. They decided they didn`t want to be in business with family though and I kept the job I had(mother-in-law didn`t like me). It was a very good decision for me. I ended up loaning them the money to file bankruptcy and other things years later and had a successful 31 year career. I have had several family members in the dairy business , including my dad when I was very young and I can`t remember any of them having much time off or being very happy .
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Originally posted by Low Fence View PostI am a full time dairy farmer. Been for 26 years. You work non stop and handle millions of dollars in hopes of making $40k every other year. I hate it, with every fiber of my being. The industry is as crooked as it gets and it's basically a monopoly
Milk when we got in 26 years ago was $.19 a cwt....... now everything is 4x minimum cost and milk is $.16 cwt. Without our genetic program we too would be out of business like 95% in our area. I dream of the day I can tell DFA &$&% you
My perspective
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Dairy is the ONE industry in Ag that you couldn't talk me into getting into regardless of the amount of money thrown at me. WAYYYYYYY too many hours, WAYYYYY too many regulations, WAYYYYY too little money anymore.
The milkman was making some super money when the gov't subsidies were pouring in. They're taking it on the chin and in the nuts now that the subsidies have quit(or almost quit) since people have started milking almonds and dairy is the worst thing in the world for you now.
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Originally posted by TXUSMC View PostY’all did provide tons of perspective. Land/cattle/facilities prices, starting at the bottom, probably working until I die trying to turn a profit. I appreciate everything. Seems like if you weren’t born in to it, it isn’t in the cards financially. Thanks everybody.
If you don't have the land free and clear.... no way, zero, impossible to make it.
$3000+ acre land to run cattle on..... not in 5 lifetimes
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Originally posted by Low Fence View PostAlways a misconception in milk prices vs our pay. It makes ZERO difference and I've never known why. Makes a difference to corporate but not us
If milk were $25 a gallon tomorrow morning we would still get $0.16 a pound
But if fuel goes up.... we pay additional freight fees.... on top of paying ALL freight anyway ( from barn to store)
A few years ago that huge fire killed like 30,000 dairy cattle.... market never wiggled. If 10,000 beef animals disappeared you couldn't afford to make hamburger helper for 8 months
LOVE it!
It's cool to look inside the business life of a dairy farmer.
Buy hey, what if you turned your product into a more finished state like cheeses (cream cheese, cottage cheese, regular hard cheese like cheddar and swiss) would that help your bottom line?
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