Gerard Finnan (FCG Midwest)

I have several dairy farmer clients who are in discussion groups which tend to review costs and comparable farm profit for the calendar year at this time of year.  On a farm visit to one such dairy farmer at end of January I reviewed their costs of production which are 36ppl approx. to year ending December 2025 which are low when compared to an average of all dairy farmers in our Cost of Production report to March 2025 was in region of 44ppl.

We highlighted three areas in dairy feed, contractors and youngstock feed where cost could be reduced by £60k approx. immediately:

Here is a business with significantly lower than average costs where further efficiency gains can be achieved.  This is only possible with up-to-date monthly management accounts, current data with which to benchmark against and the time to analyse and drill down into the specific costs.

What are your current costs of production and what are you doing reduce your business costs or increase your efficiencies? Contact Gerard at gerardfinnan@fcgagric.com or your local FCG office, to see where we can help you identify your business strengths and weaknesses and put a plan in place to take advantage of the opportunity of lower milk prices!