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Western Mail (Cardiff, Wales), August 20, 2002 | Go to article overview

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Byline: Gwyn Howells

OUR industry is increasingly moving towards an era where ``benchmarking'' is becoming more and more important. There has never been a greater need for valid, objective information on which to base business decisions and compare costs.

MLC Cymru places considerable importance on the provision of well-researched and informed information for farmers. As a result, we are committed to developing and updating our technical and financial data.

For several years, we have been compiling data from the Beefplan and Flockplan Service. This facility provides producers with a recording service showing detailed technical, physical and financial data on the performance of their enterprise.

In response to the need to compare production costs, amalgamation of this recorded data enables the calculation of average margins for different types of cattle and sheep-based enterprises. Two publications detailing this information are available from the MLC - PreliminaryBeefplan Results 2001 and Sheep Enterprise Gross Margins 2001/2002.

The Beefplan publication covers margins for suckler herds recorded during 2001, on lowland, upland and hill units. Included in the analysis are the average data, top and bottom third for comparisons, for the major suckler enterprises and the grass finishing enterprise. …

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