274 | 7 Key Areas to Address Before Expanding Your Dairy Farming Business
In this episode of the Uplevel Dairy Podcast, Peggy sits down with Jim Moriarty, Director of Dairy at Compeer Financial, to discuss the seven key areas dairy producers should address before expanding their operations.
Drawing on over 30 years of industry experience, Jim delves into critical topics such as family dynamics, financial planning, milk plant capacity, construction costs, and community relations. The episode provides a detailed checklist to help dairy farmers plan, communicate, and grow with purpose.
About Compeer Financial
Compeer Financial is a member-owned Farm Credit cooperative serving and supporting agriculture and rural America. Our dairy team brings world-class expertise and tailored solutions to support dairy producers’ financial goals and lending needs.
For more information, visit: https://www.compeer.com/
00:00 Introduction: Growing Your Dairy
00:07 Meet Jim Moriarty: Dairy Finance Expert
01:30 Setting the Stage: Succession and Leadership
09:41 Evaluating Growth: Home or Second Site?
14:47 Milk Plant Capacity: Ensuring Your Growth
17:10 Building and Budgeting: Making It Happen
19:15 Financial Planning: Working with Your Lender
24:05 Replacement Cattle: Planning for Expansion
27:55 Permitting and Public Communication
29:59 Conclusion: Final Thoughts and Advice
