Dairy farm profits slump by 25%

Dairy farmers’ net profits fell by around 25% in the year to March 2016, and could fall further this year, according to farm accountant Old Mill. Non-aligned milk prices dropped by around 4-6p/litre over the year, compared with 2014/15, meaning profits typically fell by more than 25%, says head of rural services Andrew Vickery. “However, […]
Cost control key to higher profitability
Management of costs for feed and forage, herd replacements, labour, and power and machinery explain the majority of differences between producers. Mark Topliff, AHDB head of production economics, says: “As in 2012, Milkbench+ analysis has shown that by controlling production costs effectively, businesses significantly increase profitability. No one is saying that it is easy but […]