Farmgate milk price cut, A and B contracts and lower income
There are a number of steps you can take to try and reduce the impact of reduced income on your business.
Back to Coronavirus: support for dairy farmers
Ensure you know your cost of production to weigh up what B litres are costing you to produce and if it is worthwhile trying to cut costs by reducing inputs and, therefore, milk production.
Keep in contact with your milk buyer, bank manager and suppliers. Our milk price calculator and cash flow template will help you to plan for the long-term.
Look for ways to boost your current income: keeping milk quality up to maximise your milk cheque, complete a feed budget to see you if can sell any excess silage, or find a market for surplus calves.
Choose the topic below for support relevant to your own situation.
Reviewing and monitoring costs on your dairy farm will help gain better control over your net margins.
Changes to your pricing model will influence how much milk you produce, both in the short and longer term.
A cash flow forecast will help you to understand when your business will go into deficit, or breach your overdraft limit, helping you to take action in advance
There are a number of ways to boost your current income, such as keeping milk quality up to maximise your milk cheque, selling excess silage or selling surplus calves.