The Professional Dairy Producers of Wisconsin is offering its Business Financial Decision-Making Conference on Wednesday, Dec. 11 to help dairy producers make decisions despite business uncertainty.
Leading the conference will be Business Coach Dr. Allan Gray, Director of the Center for Food and Agricultural Business at Purdue University. The winner of several distinguished teaching awards, Dr. Gray is known for his "boots on the ground" approach and presenting practical, useful information.
Dr. Gray will walk producers through the process of good decision-making on the level needed for today's dairy operations. Rules of thumb, intuition, tradition and simple financial analysis are no longer sufficient when making decisions, according to Dr. Gray. This session will introduce producers to decision-making tools such as influence diagrams, pay-off matrices, decision trees and other practical tools that can help producers make good decisions for the long-term health of their business.
Since fear of failure inhibits decision-making, a second and important part of the conference day will be learning how to turn failure into success. Dr. Gray will instruct attendees on how to recognize when to kill a project and how to turn failure into opportunity.
The PDPW Business Financial Decision-Making Conference will be held at the Crowne Plaza Hotel in Madison. More details and registration are available by calling 800-947-7379 or visiting www.pdpw.org.
Professional Dairy Producers of Wisconsin is a dairy-producer founded organization that provides educational programs and services to fellow dairy producers. PDPW's mission is "to share ideas, solutions, resources, and experiences that help dairy producers succeed."