I was invited by Study club Morgen (tomorrow), a group of progressive (larger) Dutch dairy farmers to present at their annual meeting about cattle replacement decisions. Core of my presentation is that young stock rearing is more costly than you think. Given the Dutch phosphate laws (that are now developed), the costs will only increase. Think about the need for replacement: how many of your cows do need to be replaced and based upon that, think about numbers of young stock to raise. Do raise the young stock good.