Stephen Cadogan: Why every dairy farmer needs a cash buffer in 2025
Building a budget alongside the Cost Control Planner from Teagasc allows you to look at where you are currently, and look forward to see what’s likely to change.
Dairy farmers with cash surpluses should make sure they have a rainy-day fund, or cash reserve fund, advises Teagasc farm management specialist Kevin Connolly.
On a recent Dairy Edge podcast, he said: “It could be the case there will be bad years to come, or difficult years to come, and those cash surpluses would be most welcome in those years. Having that buffer of a fund, that you could call on, is a useful thing.
