Protecting your farm income in 2022
On this week’s episode of The Dairy Edge, Dairy Specialist Patrick Gowing joins Emma-Louise Coffey with an insight into projected costs of production in 2022 and strategies to maintain profitability. Patrick explains that costs of production are expec
January 24, 202216m 19s
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Show Notes
On this week’s episode of The Dairy Edge, Dairy Specialist Patrick Gowing joins Emma-Louise Coffey with an insight into projected costs of production in 2022 and strategies to maintain profitability.
Patrick explains that costs of production are expected to be in excess of €1,500, increasing from €1,311 in 2020, with fertiliser and concentrate accounting for 40% of total costs.
Patrick recommends that dairy farmers calculate break-even milk production to cover costs; the formula= total cost of production / milk price (per kg milk solids). For mature cows with milk solids below the break-even production are a cost to the system.
For more information:
https://www.youtube.com/watch?v=xnigxe1EWLE
For more episodes from the Dairy Edge podcast go to the show page at:
https://www.teagasc.ie/animals/dairy/the-dairy-edge-podcast/
The Dairy Edge is a co-production with LastCastMedia.com
Topics
dairy farmingfarming irelandfarmingteagasc