Completed Project Report


Creating Millionaire Dairy Farm Models in Conventional, Grazing and Organic Dairy Systems

  • Award Amount: $49,999
  • Regional Center: North Central Extension Risk Management Education Center
  • Grant Program: 2016 Education Projects
  • Project Director: Larry Tranel
  • Email: tranel@iastate.edu
  • Organization: Iowa State University Extension and Outreach

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Project Overview

Project created four dairy farm models to assist small, beginning, transitioning and established dairy producers aspire towards highly profitable dairy practices in conventional, grazing, organic,  and organic-no grain dairy systems.

Millionaire Dairy Farm models have proven to be an important decision-making tool for budgeting, benchmarking and futuristic financial planning. Using 18 dairy farms as a basis, each farm was surveyed and analyzed financially to establish benchmarks and profit levels.
Using the financial benchmarking information collected, 16 classroom sessions, 2 webinars which are archived as on-line learning modules, six beginning dairy farmer videos, and over 100 individual visits, producers increased their awareness, understanding, and decision-making ability.
Following the educational delivery, 15 beginning producers have begun selection of their production system and completed a financial profit projection. 15 established producers re-evaluated their current system and decided if some type of production or system change will improve profits. 

Number of Participants: 1446

Results

Project Steps

PROMOTIONAL MATERIALS

There are no promotional materials available for this project.

EDUCATIONAL MATERIALS

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REPORTS & EVALUATIONS

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DELIVERY AREA

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