TAILIEUCHUNG - 15 Measures of Dairy Farm Competitiveness

My thanks to those international Nuffield scholars who showed such outstanding hospitality and opened not only their homes but also their address books full of useful contacts. My thanks to Malcolm Graham and Alan Sayle from FiveF consultancy, United Kingdom. My gratitude also must go to my farm manager Ove and my staff who did a brilliant job of running the business in my absence. Every farmer knows how indispensable capable staff are and nothing tests this more than when you have to leave your business in their hands for an extended period of time | Bulletin 864 DAIRY .15 Measures of Dairy Farm Competitiveness 15 Measures of Dairy Farm Competitiveness Authors Dianne Shoemaker Maurice Eastridge Don Breece Julia Woodruff Duane Rader David Marrison Our objective is to support and promote profitable sustainable and environmentally sound growth of Ohio s dairy industry through unbiased researchbased education. We encourage you to visit our web site for additional information and links to Ohio s dairy industry partners http . Dairy Excel is a multi-faceted management education program specifically designed to improve the competitiveness of the Ohio dairy industry. This is a for-sale publication. Additional copies can be ordered from your local Ohio State University Extension office. For a list of OSU Extension offices go to http Originally Printed October 1997 Revised January 2008 Authors of the original publication were Jim Polson Dianne Shoemaker Ernie Oelker Gary Schnitkey Copyright 2008 The Ohio State University Ohio State University Extension embraces human diversity and is committed to ensuring that all research and related educational programs are available to clientele on a nondiscriminatory basis without regard to race color religion sex age national origin sexual orientation gender identity or expression disability or veteran status. This statement is in accordance with United States Civil Rights Laws and the USDA. Keith L. Smith . Associate Vice President for Agricultural Administration and Director Ohio State University Extension TDD No. 800-589-8292 Ohio only or 614-292-1868 2 Contents Introduction 4 Gaining Control of Your Business 6 The 15 Measures 8 Measure 1 Rate of Production Pounds of Milk Sold Per Worker 10 Measure 2 Cost Control Total Feed Cost Per Cwt of Milk Sold 12 Measure 3 Cost Control Milking Herd Feed Cost Per Cwt of Milk Sold 14 Measure 4 Cost Control Operating Expense Ratio 16 Measure 5 Capital Efficiency Dairy Investment Per Cow 18 .

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