Well, the milk price is still down, and even with it increasing dairy farmers still have debt. Milk co-ops are in control of what farmers do, get, and their future. Finding ways to diversify is one way to stay in the business. Really any business. My father once told me, never put all your eggs in one basket. It can all be gone in an instant. Diversity, helps balance out loss. When it comes to dairy farming, the milk co-op wants total control therefore leaving diversity out of the picture.
So today at the Pennsylvania Dairy Summit, I spoke about our journey. No two journeys are the same, but it helps to hear what others have done. How did they diversify their dairy business.