Invest surplus cash in grass growth and infrastructure — not just machinery
Investing in extra water pipe and troughs on heifer ground can allow you to split up large fields and improve growth rates of the next generation of milking cows.
An upturn like 2025 provides dairy farmers with the opportunity to prepare for a downturn like 2023, advises John McCabe, advisor on the Teagasc/Aurivo Joint Programme.
He said many farmers (but not all) experienced low or very low incomes in 2023, and the real cash flow pinch for many came in March, April, and May of 2024, during a hard spring.
