Starting a new dairy food processing venture can be rewarding and challenging. During the startup phase of the business, cash flow will be stressed as processing skills are learned and consumer markets are established. It is important to realize the dairy operation will need to adapt and support the venture initially. Tracking both entities’ cash flow needs and developing short-term and long-term plans will ensure the continued success of the dairy and give a sound foundation for food processing to flourish.
Who is this for?
Dairy farms considering value-added dairy foods processing
What will you learn?
Identify the capital needs of dairy processing and how it may rely on financial support for the dairy operation
Determine cash flow demands for both the dairy operation and dairy processing
Map out both short-term and long-term expenditure needs for the entire farm operation