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Answers to some of the top questions concerning profitability by pulling data from return over feed (ROF) databank from 3,600 dairy farms across eastern Canada to help you make strategic decisions.
Over 15 years, my partner and I facilitated a management club for a
group of 20 or so farms. We would meet quarterly at a different farm,
with a different topic for discussion at each meeting. We also
calculated income over feed costs (IOFC) for each farm.
Have you ever heard a neighbour say, “If I used every new product that claims to add a kilogram of milk, I would be at 60 kilograms”? This is usually said sarcastically to express hesitations over some new additive, and there may be some truth in the statement.
The dairy industry is known for using a lot of metrics. There are reproductive metrics, financial metrics, production metrics and nutrition metrics. In the best cases, metrics help us make decisions and justify the decisions we make.
“My feed bill is too high. How can I cut my feed costs?” As nutritionists, it’s a question we hear often. And, on dairies with robots, it’s no different.
