Permanent pastures produce far below their potential, as they are usually managed in the northcentral and northeastern United States. Dairy farmers in these regions generally feed their cattle year-round from stored forage and purchased concentrates, and use permanent pastures as mere holding or exercise areas, grazing them continuously. This practice involves high operating costs that, combined with lower milk prices, have resulted in greatly reduced profit margins. Farming practices that return more net income are needed. The Voisin system of rotational grazing management, which applies intensive management to forage crops on pastureland, is widely used on dairy and sheep farms in New Zealand. Farmers using the Voisin system there have low operating costs and obtain high yields of excellent quality forage over long grazing periods; increased net income results Between 1 May and 1 October 1984, 497 forage samples were taken and analyzed from permanent pastures grazed according to the Voisin management system on six Vermont dairy farms. This was done to provide farmers with current estimates of forage feeding value so that they could balance their cows' rations accordingly throughout the season, and determine if they could improve the profitability of their farms by using Voisin grazing management. Average grazingseason analyses (dry weight) were: 22.5% dry matter, 22.4% crude protein, 20.8% available protein, 28.4% acid detergent fiber, 1.18% calcium, .48% phosphorus, 1.60% potassium, .22% magnesium, and 1.58 Mcal/kg net energy lactation. Average dry forage yield was 8.9 metric tons/ha. Dry matter intake was adequate for milk production up to 36 kg/cow/day. Forage protein and energy contents were sufficient for at least 25 and 18 kg milk/day, respectively. On three farms where economic factors were calculated, net profits per cow averaged $67 more during the 5-month period from using Voisin grazing management, compared to continuous grazing of the same pastureland in the year before Voisin management was used. This profit resulted mainly from feed savings and a more favorable milk:concentrate ratio of 4.1:1 obtained with Voisin management, compared to 2.7:1 with continuous grazing and more feeding of stored or machine-harvested forage. Voisin-managed pastures can produce high yields of excellent-quality forage that can be incorporated into dairy feeding programs, thereby reducing feed costs and increasing profitability of the farming operations.