The goal of the Cost of Production project is to compile relevant data and analytics, from 2019-2021, for the dairy goat industry. The results can be used for producer self-assessment, industry benchmarking, maximizing efficiencies, evaluation of expansion and start-up opportunities, and developing industry strategies.
Participating producers will be contacted by MNP to discuss the project and what is to be expected from them. In addition to data collection, participants in this project may be asked to test a benchmarking tool to help refine and improve a COP and Benchmarking tool. Participants will be asked to share:
- 2019, 2020, and 2021 financial statements
- 2019, 2020, and 2021 production information
- Management practices and data
Participants in the project will:
- receive an individual farm report, covering their production and financial performance over the three years of the project
- have an opportunity to test the COP benchmarking tool and have early access to the finalized tool
- get a better understanding of their costs and revenues and how they compare to those of other producers
- be able to make more informed business decisions that could increase their competitiveness
- be able to better evaluate how they are currently managing their farm and assess ways to create efficiencies on-farm or evaluate the feasibility of expansion opportunities
Contact OMAFRA (marlene.paibomesai@ontario.ca) today if you are interested in participating in this project and would like to receive more information.
Take a moment to watch or listen to a presentation that took place in June for a more in-depth discussion of the project and what to expect if you participate.
Information Session Video:
