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Articles Tagged with ''benchmarking''

Benchmarking: A way to optimize the profitability of your dairy farm

Benchmarking is a financial tool that aids in decision-making by helping farmers see their profits, trends and where to focus their attention to improve profitability.
September 26, 2023
Rick Hamilton

While you can’t predict the future, financial benchmarking is a way dairy farmers can review concrete information about their operations – and how they compare to others in the industry – year after year. 


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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.
August 8, 2023
Kevin Bernhardt

Costs of production are a common theme of farm profitability. However, it is also often confusing, elusive and changing.


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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.
June 16, 2023
Scott Earnest

To capture the full potential of genetics, facilities, feed and precision technology, dairies need to establish and maintain a strong culture of goal-driven management and human accountability.


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Data dump: Three steps for making sense of big dairy data

How to make sense of massive amounts of data generated on farms to help inform decisions, track progress and improve profitability.
January 27, 2023
Chad Jenkins

How to make sense of massive amounts of data generated on farms to help inform decisions, track progress and improve profitability.  


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Hoenhorst Farms multiplies its success with a methodical management approach

February 11, 2022
Emma Ohirko
Imagine you have the power to monitor every aspect of your farm business; profitability, production, animal health, culling, reproductive success is all there, and it’s divided into specific metrics to help paint a picture of where your farm’s problems may lie.
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Top 10 KPIs to focus on today to be more successful tomorrow

July 16, 2021
Matt Groen and Maxime Tarte
As today’s dairy producers look to the future, becoming an expert manager of the financial side of dairy farming is just as critical to future business viability as animal husbandry, agronomy, nutrition and every other hat dairy producers wear.
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Is your new barn working for you?

December 11, 2020
Jeff Prashaw

When making a change as big as a new barn, you’ve been planning for years before even breaking ground.


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Processing data from automatic milking systems: How to make unbiased decisions using robot data

August 24, 2020
Bill Verboort

There is a saying in the information technology industry: If you need to perform a task more than twice, you should automate it. Dairy producers who have adopted automated milking systems have taken this to heart.


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Do you know the true cost of your calf program?

June 30, 2020
Tom Earleywine

Your total cost to raise calves is an important metric, but it's especially important when profit margins are tight. Total feed costs or feed cost per pound of gain are common metrics; however, those figures may be misleading because they don't include the full picture.


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5 habits of highly effective dairy farmers

June 30, 2020
Karen Lee
It’s been more than 30 years since Stephen Covey wrote and published his best-selling book 7 Habits of Highly Effective People; however, the information he covered continues to be relevant.
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