Morrisons Cove Herald - Putting cows on the front page since 1885.

By ASHLEY HICKS
AgChoice Loan Officer 

Why Benchmark?

Do you ever wonder how your peers are doing?

 

Do you ever wonder how your peers are doing?

Are they controlling their input costs better than you? Do they have greater outputs per unit? How do their gross margins compare?

We all strive to have successful operations. No matter if you have a large dairy operation or small vegetable business, the five keys to profitability for any business are:

1. Volume – amount of product produced on a per unit basis

2. Efficiency – gross margin of your business

3. Overhead – capacity of your business

4. Industry expertise – standard measures within your particular industry

5. Cost control – m...



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