Flashcards
Dairy costings
Cards in this deck (22)
- 1What is the estimate for the future of dairy cows?Less herds, fewer total cows but in bigger herds with higher yields
- 2When were milk quotas abolished?April 2015
- 3What is the average cost of milk?27pence/litre
- 4What are internal factors?Factors under the farmers control
- 5What are the 3 different ways of doing costings?1. Margin over purchased feed (MOPF)
2. Gross margin
3. Full costs and profits - 6Define variable cost.Varies with the size of the enterprise
- 7Define fixed costs.Overheads that do not change in direct proportion to the size of the enterprise
- 8What is marginal analysis?Analysis of financial return for specific inputs (eg purchased feed)
- 9In MOPF what are the 2 main variables that are covered?Milk income
Purchased feed - 10What is the cycle for key to profitable milk?Know your costs
Compare to Others ('benchmarking')
Plan your way forward
Make physical changes
Monitor progress and adapt - 11What is the yield?True herd yield and will be typically lower than the 'lactation yield' recorded within milk records
- 12Why is milk from forage an important factor to consider?A key indicator s forage is cheap feed source.
Aim for a high yield from forage - 13What time of the year is milk from forage at its highest?Summer- cows at grass
- 14What are concentrates?Compounds (dairy cake)
Straights (rape meal, beet pulp) - 15What accounts for the largest proportion of all the farmers costs?Purchased feeds
- 16Define stocking rates.The amount of land available for livestock and how many livestock utilise this land
- 17What is the equation for stocking rate?Number of livestock units/ forage hectares
- 18What is classed as 1 livestock unit?600kg Holstein/Freisian breed dairy cow
- 19What are the 2 types of culls that a herd will experience?Forced - mastitis, infertility, lameness
Selective - management, age, slow milker - 20What is the most common system in the UK?Medium output
- 21What is a medium output system?Autumn calving (possibly all year round)
Winter- mixed forage
Spring - grazing
Mixer wagon? - 22What are the 3 ways of improving profitability?1. Cost control
2. Increase Output
3. Combined of above
Information
- Description
- BVSc 1. Animal management 1 (Cow) Flashcards on Dairy costings, created by Rachael Jones on 08/05/2016.
- Created by
- Rachael Jones
- Views
- 0
- Rating