Funding Available to start a Dairy Profit Team
The New York Farm Viability Institute is now accepting applications from dairy farmers for grants to help start a Dairy Profit Team. A Profit Team is a group of professionals, selected by the farmer, who meet regularly to discuss that specific farm with the goal of making the business more successful. NYFVI can reimburse farmers for 80% of the consulting expenses of the team, up to $2,500, if a farmer holds a minimum of seven meetings over a maximum 15-month period.
Dairy farmers who have created Profit Teams in previous funding cycles have reported significant gains in productivity, efficiency, and profitability. Farmer Jake Conway explains, “The team has opened our eyes to opportunities we don’t see because we are so close to the farm every day.” Bruce Dehm, of Dehm Associates, says “Properly run advisory teams are the single best investment a farmer can make to improve profitability.”
Information about selecting team members and a team facilitator, setting goals, and tools that teams can use are all available on the NYFVI website, www.nyfvi.org. The Dairy Profit Team grant application is also available on the NYFVI Dairy Profit Team page at http://www.nyfvi.org/default.