An accurate Cost of Production (COP) model can be used not only for self-assessment, benchmarking and maximizing efficiencies but it provides information to better evaluate expansion and start-up opportunities. The COP also helps producers to better access financing from lending institutions as there is credible information available. Industry partners will also be able to use this data to help provide sound advice to their clients.
Building on the results from the 2014 pilot study, this is the first year of a three-year project and is based on a random sampling of data from 17 licenced Ontario dairy goat farms throughout the year. These farms represent a wide range of feed management programs, herd sizes, production levels, milk marketing methods and geographic locations. A 3rd party accounting firm collected all of the data at the farm which provides additional professional accuracy, integrity, and transparency.
The 2016 Goat Profitability Workshops being held this fall will cover COP and how this information can be further used on your farm. Stay tuned for more details!
If you have any questions about the study, please contact Erin MacDuff, Policy Manager, at the OG office at 519-824-2942 or at firstname.lastname@example.org.
2015 Cost of Production Study Results – Released October 2016
Cost of Production Study Press Release – October 6, 2016