Season 7 · Episode 52
Dairy farm profitability with Brad Guse
October 21, 202545m 3s
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Show Notes
Brad Guse from BMO returns to the Progressive Dairy Podcast to discuss various financial topics ranging from the key aspects of a risk management plan to economics of diversification, profitability strategies, what to expect from interest rates and much more.
Episode overview:
- [~1:10] Guse’s background/career
- [~1:35] What is going well on dairy farms and where many are struggling
- [~2:55] Economics of diversification
- [~4:50] Favorite ag lending school terms, including what “earns and turns” means for small and large operations
- [~9:15] Expansion considerations
- [~12:35] Key aspects of a risk management plan
- [~14:15] Advisory teams
- [~19:00] Other profitability strategies
- [~23:35] Interest rates
- [~25:40] What happened this past year that Guse didn’t expect
- [~27:10] What keeps an ag banker up at night right now
- [~32:25] What Guse is excited about
- [~38:00] Rapid-fire questions