January 11, 2021 4:04 pm
The benefits of completing profit monitors regularly has been underlined in a new study – which has shown that farmers who do so are “more profitable and have increased the profit of their operations more” than their peers.
Teagasc dairy specialist George Ramsbottom outlined the benefits and process of the profit monitor, noting that the current time of year – early January – is a great time to prepare on and “reflect on the year gone by”.
Noting that Teagasc advisors are trained to complete profit monitor reports for their clients, Ramsbottom highlighted that: “Completing it early allows you time to put a plan in place to improve your farm business in 2021.