The continued strength of the Fonterra Global Dairy Auction has given many farmers confidence that there will be an increase in milk price payout this season.
It can be easy to forget what we have learnt over the last two to three seasons and fall into the same traps we got into prior to the milk price drop.
Summer is a natural time for reflection so this summer take some time to reflect on the following questions:
1. What do I do differently now, that I should keep doing?
2. What position do I want my business to be in to weather future milk price fluctuations?
3. What are the key things I must do well to enable my business to be strong for the future?
Formally going through this process helps us to identify the changes we may need to make or to keep, to ensure that we can meet our long term goals.
