Dairy Herd Resilience
Dairy producers face increasing challenges in the industry. Volatility in markets and milk price, combined with the fluctuating cost of inputs, means that only the most resilient and efficient farm businesses will thrive and remain sustainable in the long-term. While milk price is a main determinant of profit, there is huge variation in the cost of production between farms and herd health is one of the biggest factors, along with replacement costs. Therefore, the challenge is to maintain a healthy, fertile and productive herd by minimising disease risks and ensure a high standard of animal welfare.
- Know your full cost of production and what milk price you need to break even.
- Maximise your milk price by meeting specifications on milk composition and hygiene quality required by your milk buyer.
- Benchmark your herd’s technical and financial performance against other similar herds to identify where efficiencies and savings can be made. You cannot manage what you do not measure!
- Plan for milk price fluctuations and interest rate rises.
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