Workshop 4 – Controlling dairy production costs in 2025
Speakers: Patrick Gowing, Teagasc, Nora O’Donovan, Teagasc Dairygold Programme & Jerome & Brian Desmond, Dairy Farmers, Cork
Controlling the cost of production has always been a vital tool in improving farm profitability. Since 2018, we have seen a significant increase in the cost of production on Irish dairy farms, generally driven by high input prices, particularly in 2022. This was generally matched by increases in milk prices. However, from 2021 to 2024, we have seen massive variability in milk prices while costs have remained high. It is essential to refocus on our costs to get control of our financial business.
This workshop will feature Patrick Gowing, Teagasc Dairy specialist, on trends in costs and showcase a new tool for Teagasc E-profit monitor users to identify areas where your costs may be higher than they need to be. Patrick will be joined by Nora O’Donavan, Teagasc/ Dairygold programme coordinator, and Jerome and Brian Desmond of Ovens, Co. Cork, to showcase how they use this new tool to control costs.
This workshop will demonstrate:
- Trends in farm costs
- High and low margin farms
- New cost control tool for E- profit monitor