It should be kept in mind that profit is the difference between revenue and expenses but ultimately, it's profitability that counts! Although it may be tempting to tackle the production cost issue by cutting down on feed costs, you have to look at the impacts of these cuts on your milk production. Statistics are clear: to achieve a higher profit, the first objective must be to produce more milk. Here are some ways to help you improve your feed margin and overall profitability.
This article was written in collaboration with René Roy, Agr., Agroeconomist, R&D, Valacta