Dairy farm profitability with Brad Guse

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