John Ellsworth and his staff at Success Strategies have helped us to better organize our business decisions through the development of an annual operating plan.
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As we look forward to 2012 I would expect that if the milk prices that are reflected in Futures Markets truly hold up we should see some sound cash flow and reasonably good profitability on most dairy farms.
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2011 may be a year some dairy industry producers would like to forget about. It was characterized by extremely high feed prices, which put a dent in our profitability. But keep in mind that record high milk prices were seen in 2011 as well. So, in its entirety, net income should be relatively positive.
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