Posted on January 3, 2023 in Dairy Performance
By Stacy Nichols | Because feed represents more than 50% of the cost of milk production, dairy producers often ask how their feed costs compare to those of other farms. As markets change, it’s important to regularly evaluate feed costs, ask whether you’re getting acceptable returns on your farm’s feed additives and dietary strategies, and explore whether you have opportunities to save on feed costs or invest in milk production for a greater return. With these questions in mind, Vita Plus dairy nutritionists recently conducted a benchmarking analysis survey of income over feed cost (IOFC) with 35 Holstein dairy herds in Michigan and Indiana.