Teagasc Profit Monitor Analysis Dairy Farms 2017

The Teagasc Profit Monitor (PM) is an online financial analysis tool available to all Teagasc clients. It provides a snapshot of a dairy farm’s financial (and physical) performance and allows you to compare your farm’s performance with available benchmarks, including your farm’s previous year’s performance, other farm’s performance or Teagasc targets. Completing a Profit Monitor analysis on a yearly basis helps you with how the farm business is performing and keeps you informed if changes made in the farm’s operation are having a positive effect on farm profitability. The purpose of this publication is to provide a range of benchmarks for both individual farmers and farmer groups.

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Dairy farms are businesses, so an awareness of the factors affecting profitability is vital, both to remain competitive and to identify areas for improvement over time.