DeLaval President and CEO Joakim Rosengren has been with the global company for nearly two decades. He recently sat down with Progressive Dairy to share his thoughts on the advancements in milking equipment and his perspective on the industry.

For decades, our accounting firm has produced quarterly dairy farm cost studies for our clients and others to use for benchmarking and profitability improvement. The following is our preliminary report called the 2018 National Dairy Advanced Index.

We are all feeling the pinch (or gut punch) of low milk prices these days, but the blow doesn’t have to be as bad as it seems. In fact, it is actually possible to make money right now at a Class III base price of $14 to $15 per hundredweight (cwt).

Cost of production (COP) is one of the most important metrics to evaluate a dairy operation’s financial status. However, when discussing COP, people typically refer to cash flow and include purchased feed, labor, principal and interest payments, and any cash capital purchases.

As the second-largest contributor to the Canadian economy in 2012, the dairy industry generated $5.92 billion in net farm receipts. Today, there are 11,962 dairy farms, and the average dairy farm has 77 cows per farm. But what are the costs involved? In today’s dairy marketplace, it is important to know the “ins and outs” of the cost of production.