“The AgriProfit$ Program provides participating producers with cost of production (COP) analysis and benchmark reports based on actual farm records,” says Ian Ryan, senior livestock economist with the Alberta government.
This new cost and returns report presents a multi-year summary of the economic, productive and financial performance of Alberta cow/calf producers. Participating cow/calf producers received a customized business analysis of their operations for comparison to this multi-year benchmark report.
“Benchmarking allows comparisons of COP based on production practices and marketing strategies and can help drive efficiency and financial performance. The information helps improve decisions about what, when and how much of a commodity to sell. The benchmarking process has 2 key time perspectives. The first is historical analysis, involving comparisons over time. The second is a within-the-year comparison, focusing on how operations performed, responded to, or weathered the challenges they faced.”
The AgriProfit$ Program is free, and individual participant information remains confidential. This report presents the aggregated results of the cow/calf producers participating in the AgriProfit$ Business Analysis Program. This consists of a series of tables and figures with average historic provincial data showing the sales, production costs, and selected production and financial indicators for the past 5 years.