Dairy Herd Resilience
The dairy industry has been hit hard due to COVID-19. AHDB Dairy estimates the financial impact to British dairy farmers has been in the region of £9.4 million on the back of milk being dumped, severe price cuts, deferred payments and introduction of A/B pricing systems. Looking at where to cut costs is never easy but are there areas of performance in the business that could be improved on, leading to more profit? A key part of knowing where to act is through benchmarking your herd’s physical and financial performance and knowing your cost of production.
- 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.
Agrecalc - a tool to lower your farm carbon footprint
AHDB's "The characteristics of High Performing Farms in the UK" publication. AHDB has revealed eight key factors that are the hallmarks of high performing farm businesses in a new report.
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