Maximize profit and returns – Enrol in the Dairy Cost Study program

Jan 07, 2025

The next round of the Dairy Cost Study program opened January 1, 2025. The Dairy Cost Study offers a comprehensive analysis for individual dairy operations in Alberta for the 2024 production cycle. The study provides producers a detailed economic report on their dairy enterprise, at no cost.

A primary goal for any business is to be profitable, minimize costs and seek efficiencies. "Having a deeper understanding of your farm’s production costs can enhance confidence when making active management decisions,” says Pauline Van Biert, research analyst with the Alberta government. Understanding the connection between cost and returns is essential for setting targets and improving your farm’s operation.

While you may already have performance reports for your farm, the Dairy Cost Study can offer a fresh perspective and give you the chance to compare your business against provincial averages. “By reviewing your own numbers, you can assess management options, identify high-cost areas and pinpoint potential opportunities for efficiency improvements. Once you have a clear understanding of your costs and returns, you can make more informed decisions and seize opportunities,” says Van Biert.

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Video: Western Canadian Agriculture: Hard Times Made the World's Best Farmers

Western Canadian agriculture produced the most advanced farmers in the world not through abundance but through adversity. The crow rate fell. The wheat price went nowhere. The brown envelopes stopped.

When the subsidies disappeared, the bad farmers left and the good ones stayed. And the ones who stayed could not just grow wheat anymore. They started growing lentils and canola and peas and flax and faba beans. They built crop rotation. They got serious about agronomy because there was no government backstop. That process produced the Western Canadian agriculture Dennis Bulani describes in this clip: the most advanced, most educated farming culture in the world.

His contrast with Iowa corn and soybean farmers is sharp. At a DeKalb farmer meeting in Okoboji, Iowa, he asked what crop rotation they ran. Beans on corn stubble, corn on bean stubble. How do you fertilize? The co-op agronomist handles it. Have you considered other crops? No need. We make so much money on corn and soybeans. Western Canadian agriculture was never allowed that comfort. And now those Iowa farmers are watching soybean markets lock up with China and corn prices slide, and they do not have the agronomy knowledge or the research base to pivot. Western Canadian farmers adapted on a dime because they had done it before.

Dennis also makes the case that Western Canadian agriculture keeps adapting in real time. Low commodity prices over the past year have pushed growers to look seriously at precision spot-spray technology. He knows a neighbor who bought a sprayer with the seeing-eye system and sprayed only 80 out of 320 acres. As a chemical retailer Dennis acknowledges that will affect his sales. He supports it anyway, because if it advances Canadian agriculture and makes farmers money, that is a good outcome.

The lesson Dennis draws from the tale of two farms: continuous improvement is the only durable strategy. When canola was $22 a bushel some growers went to Arizona instead of the Crop Production Show. When the price came down those same growers came back to the research and the discipline. Products do not go on Rack Petroleum's shelves unless they pass a replicated trial first. That is what Western Canadian agriculture built through hard times: farmers who do the work whether the times demand it or not.

Dennis Bulani is CEO of Rack Petroleum and Ultimate Yield in Biggar, Saskatchewan. Dan Aberhart hosts GTF Productions, Western Canadian Agriculture's foremost live briefing platform and its foremost AI training platform for ag operators