The dairy industry is a thriving $59 billion sector in the United States and yet sustaining profitability in 2024 presents a potential challenge for agribusinesses, attributed to rising expenses in insurance, operations, labor, financing, fuels and farm inputs.
Farmers’ total expenditures for livestock maintenance have surged by over $100 billion, marking a 28% increase to a record $460 billion in 2023, and a persistent worker shortage compounds these challenges.
Proactive risk management, prioritizing employee well-being and securing appropriate insurance coverage can empower dairy organizations to navigate these business obstacles effectively. Here’s how.
March 1, 2024
