The Dairy Cost Study is open for applications for the 2018 production year. The next study starts in January, and there is no cost to participate.
“The Dairy Cost Study is a program specifically for dairy producers. It provides them with a tool to better understand their business costs and profits,” says Pauline Van Biert, research analyst, Agriculture and Forestry. Similar to the AgriProfit$ program, participants receive a detailed business analysis for their farm.
Understanding the relationship between profit and costs can help producers determine targets and goals for continuing to improve their business and improve profit margins. “Participating in the program will give dairy producers a better understanding of their farm’s performance,” says Van Biert. “In times where margins are tight, it’s good to have as much information as possible at your fingertips when making important business decisions.”
Participants provide monthly information about their dairy activities over the course of a year. Information includes livestock numbers, feed usage and cost, labour and expenses. “Much of this is already kept, in one form or another, at the farm,” says Van Biert.
At the end of 12 months, the data is rolled-up into their farm business analysis. Participants also receive easy-to-read charts showing their farm results, and a report showing how they compare to others in the study and to the provincial averages. “The ability to compare their results to others can help producers set goals or targets for improvement,” says Van Biert.
“I have heard from past participants that their time is well invested in this program, and the results are useful in decision making and starting conversations with family, feed nutritionists, and bankers alike,” says Van Biert.
The deadline to sign up for the study is January 15, 2018. Sign up online or contact Pauline Van Biert for more information.
Pauline Van Biert
780-415-2153Source : Government of Alberta