Articles Tagged with ''cost of production''
Back to school on costs of production
A discussion of costs and other metrics of profitability in the context of theory, evidence and future contemplation.
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Characteristics of dairy farms with consistently lower costs of production per hundredweight
Lower labor and purchased feed costs per hundredweight are two commonalities between dairies with consistently lower costs of production than their peers.
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Get the most bang for your mineral buck
Consistent consumption and bioavailable ingredients are keys to a successful mineral program.
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You can farm, but you also need to manage your financials
Good financial management includes utilizing a timely and accurate balance sheet, an accrual-adjusted income statement and a cash flow statement.
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What cattle producers should prioritize in an inflationary market
Inflation and interest rate increases are raising expenses and requiring producers to obtain more credit. To safeguard their finances, producers should use suitable loan terms, mitigate price risk and assess their risk tolerance.
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Recording and analyzing data: Does it really help?
Measuring weights and accurately recording health events can help improve management decisions, which is how we improve over time.
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Focusing on adding value regardless of market trends will equal long-term benefits
Even when prices are high, taking the time to add value to the calf crop through simple protocols can pay off and set producers ahead for the future.
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Goal-driven management takes dairies to the next level
Using measurable benchmarks; maintaining a goal-driven management culture; and identifying a set of key advisers and employees to regularly review cow health, production and forage metrics are three steps dairies can take to improve financial performance.
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Asking ‘why?’ with system thinking on the ranch
A perspective for problem-solving on the ranch may involve positing uncomfortable questions. What we did to create ranch solutions in the past may have created some problems today.
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