Dairy farm profitability: benchmarking for better decisions
June 01, 2020
The pressures affecting farm profitability are growing. Especially with recent developments surrounding the COVID-19 pandemic. Financial benchmarking helps farmers make better business decisions by highlighting operational performance trends and showing them how they compare to other Canadian dairy farms. Keeping track of every detail is more even more important when supply chains are so profoundly affected.
Our report focuses on the following areas:
- Benchmarks and how to apply them to your dairy farm operation
- Financial benchmarks specific to dairy farms, with per-kilogram of quota analysis
- Overall farm profitability
Ultimately, our report and standardized financial statements can provide practical insights into dairy farm operations. These are key to identifying priorities for farm business and contingency planning, as well as overall profitability.
Click here to download our full report, Dairy farm profitability: Benchmarking for better decisions.