Finances & Profitability
Recent gains in butter and nonfat dry milk prices have eroded more rapidly than previously expected.
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Taming a new economic environment
The current Canadian dairy economy faces challenges of growing imports, increasing volumes of SNF and record-high interest rates.
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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.
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Unlocking farm success: Analyzing profits to maximize value
Success relies on a cross-functional team that is informed and engaged to work toward a common goal.
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Tools and processes for discovering your farm’s financial story
Consistent farm records, financial ratios, farm trend analysis and peer comparison are some of the tools that can help producers evaluate their financial situation.
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Why you need to build your personal wealth bubble
Building wealth beyond the farm assets provides flexibility for living expenses and transfer of wealth to non-farm heirs.
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How to increase dairy farm cash flow
An overview of the changes one dairy farm made in the parlor and feed center that increased labor efficiency, enhanced milk quality and increased overall profitability.
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SPONSORED
Solar energy drives savings, sustainability for B.C. dairy
With financing from RBC Royal Bank, Chris and Henrietta Groenendijk are now powering two barns with solar energy, offsetting their electricity bill for the next 20 to 30 years.
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