Focus Will Be Put on Dairy Farm Production Economics; Milk Matters DELYTH DAVIES
WITH the publication of DairyCo's next Milkbench+ report tomorrow there will be reinforced focus from the dairy farming industry on production costs.
Calculating the cost of production for milk is a tricky area.
Production systems are diverse - at DairyCo there is the long-held agreement that with 12,000 dairy farmers in GB we have 12,000 different farming systems.
During the milk price protests of 2012, it became clear that there was a need for a greater degree of common ground on the ways the industry calculates the cost of production.
DairyCo and The Royal Association of British Dairy Farmers (RABDF) hosted a meeting with farming unions, government representatives and the key consultancies to discuss the range of approaches.
To help the discussions, DairyCo conducted a comparative study which highlighted the main similarities and differences between benchmarking and costing systems to provide a better understanding of the components of each. …
Questia, a part of Gale, Cengage Learning. www.questia.com
Publication information: Article title: Focus Will Be Put on Dairy Farm Production Economics; Milk Matters DELYTH DAVIES. Contributors: Not available. Newspaper title: Western Mail (Cardiff, Wales). Publication date: February 12, 2013. Page number: 8. © 2009 MGN Ltd. COPYRIGHT 2013 Gale Group.