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	Podcast:		Talking Dairy
	Episode:		Managing a profit squeeze (Part 2) \| Ep. 42
	Category:		Business
	Duration:		00:32:16
	Publish Date:		2023-02-07 20:00:00
	Description:		How are Kiwi dairy farmers managing their way through the current economic climate to maintain their profitability? In Part 2 of this series, you’ll hear from Waikato owner operator John Bluett, and Canterbury herd-owning lower-order sharemilker Kylie Marriott. John and Kylie share their approach to coping with cost increases, how they calculate profit from various inputs, how they budget when things are changing so quickly, and what they’ve learned from previous tough times. Notes DairyNZ budgeting templates Mark and Measure course Budget Case Studies Budgeting when inflation is high Dairy operating profit Dairy Training's Business by the Numbers course Chapters 1:50 – Who are John and Kylie? 3:40 – Kylie’s journey from contract milking to lower-order sharemilking 5:05 – John and Kylie explain their farm production systems 8:30 – How they’re dealing with rising farm costs 12:40 – Kylie’s farm business principles 14:40 – Kylie’s debt aversion 15:40 – John’s farm business principles 20:05 – Calculating profit made on various inputs 22:11 – John’s budgeting approach 25:10 – Kylie’s budgeting approach 26:33 – Lessons learnt from previous downturns
	Total Play:		0