As I look back over the first nine months of this year, I think we had a decent year here in southeastern New Mexico. We did not take any risks, such as buying milk futures or expanding either of the two dairies. We also waited for the feed market to get a little more realistic.
However, looking at feed prices and where it looks like milk prices are headed for 2009, I think we are in for a tougher year.
As we get close to a new year and to big changes in Washington, I think there are some things that could affect the dairy business as a whole:
• Our economy needs to improve.
• Our feed costs need to drop.
• Cooperatives Working Together needs to get more aggressive.
• Milk prices need to improve.
• We need to watch that sexed semen does not cause an overload of milk and milk cows.
If we can get these items to be somewhat in order, then I feel 2009 can also be a decent year.