2013 Dairy Challenge training at Miner Institute

This years’ students participating in the two day Dairy Challenge workshop at Miner Institute include Cassie Bromley of Wallingford, VT; Andrew Whitney of Hardwick; Kaitlin Benoit of Montgomery; Melissa Woolpert from California, and Morgen Doane from New Haven. The purpose of the workshop is to expose students to farm financial management and uses a case study where the students act as a business consultant working for a Vermont family operating a dairy as an LLC. There are two generations on the dairy and the students evaluate the business and make suggestions to improve profitability. We explain the difference between cash and accrual accounting and ratio analysis to compare the case study to our Northeast Dairy Farm Summary.

This is the 8th year that SVP/Regional Manager Mike Farmer has facilitated the workshop at Miner Institute. This fall the Northeast Regional Dairy Challenge will be held in Chazy and Yankee Farm Credit will be a sponsor.