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3 Strategies for Sustaining Profitability in the Dairy Industry in 2024

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


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