Cost Of Production
Cost of production is foundational and imperative to maximizing profits and minimizing potential losses.
In the first half of 2020, the dairy producer’s profitability was hampered by COVID-19 - and a rebound will depend on economic recovery.
Cost of production analysis can be useful for both big and small farm management decisions. And it all starts with good farm record keeping.
Profitability of dairy producers is expected to climb in 2020 as domestic demand for dairy products remains robust.
Profitability of dairy producers expected to drop in 2020 because of COVID-19.
Profitability in the red meat sector is expected to be positive in 2020 as global demand remains robust.
The suspension of three beef processing plants in Ontario will force more cattle to be processed outside the province, costing producers in both higher transportation costs and lower returns for their animals.
The 2020 outlook of Canada’s grains, oilseeds and pulses sectors is driven by growing global supplies, trade tensions and slowing global economic growth.
At around the mid-point of the calendar year, some farmers may find it a good time to take stock of business operations.
Can you count on decent profits in a good year? If not, farm finance experts say you might want to re-evaluate your expenses.