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Home » Topics » Business Management » Finances & Profitability

Finances & Profitability
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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.
June 22, 2023
Pauly Paul

Borrowing money to pay the bills? If that’s you, you are not alone. As a dairy consultant who helps farmers increase income and efficiencies and reduce their expenses, these are the phone calls that have been coming in recently as worries loom over what’s to come in 2023.


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Return over feed: What pays?

Four key questions concerning ROF are shared and answered.
May 11, 2023
Matt Groen

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.



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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.
March 31, 2023

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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Planning and cash flow: Brothers in arms

The cash flow budget is a tool that assists dairy producers with financial planning.
October 4, 2022
Kevin Bernhardt

Dwight D. Eisenhower, supreme commander of Allied forces, once said,“In preparing for battle I have always found that plans are useless, but planning is indispensable.” 



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How much did you earn today? Part two

May 4, 2022
Chris Church
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.
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How much did you earn today? Part one

April 4, 2022
Chris Church
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.
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cows eating

Using a feed additive audit to control feed costs

February 7, 2022
Dan Smerchek
On the modern dairy operation, feed costs are the highest input expense, making up 40% to 60% of all expenses.
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Where might your cost of production fall when compared to others in the region?

December 31, 2021
John Molenhuis

One advantage in the dairy industry is access to financial and production information to benchmark against. The Canadian Dairy Commission (CDC) reports the cost of production results from the national cost of production (COP) data project.


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5 ways business plans provide certainty in times of change

December 31, 2021
Karen Lee
As Heather Watson introduced the theme of the 2021 Agricultural Excellence Conference – the Challenge of Change – she said there is an underutilized tool that can help farmers weather difficult times.
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Pete Gelber

Make non-family partnerships thrive on your dairy operation

December 31, 2021
Emily Barge

Working with family can be challenging. Building relationships with non-family partners can often feel even more daunting. How do you know you have similar goals and vested interests?


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