graze-l May 2005: [SPAM] - Re: [SPAM] - RE: [SPAM] - Re: [Graze-l] [SPAM] - International competition
and next generation - Found word(s) farm in the Text body - Email found in subject - Email found in subject - Email found in
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When discussing ROI one needs to understand how it has been calculated.
It is seldom done correctly and less seldom is it done consistently.
There are possibly 3 correct ways to do it and a whole lot more incorrect
ways. Comparing the results of one correct way with the results of another
correct way leads to misunderstandings.
DFBS does it in correct ways but one needs to understand which of the
correct ways one is quoting for the number to be meaningful.
At 07:52 AM 5/9/2005 -0500, Dave Forgey wrote:
>Dick,
>I suggest you become involved in a group that cause you to challenge
>your way of thinking about how you operate your farm as well as it's
>financial performance.
>I am a member of a group that will be meeting in your state in early
>July at Gary Burley's farm. Attendance for guests is by invitation only
>but I will strongly suggest to Gary that he invite you. We all keep farm
>financial records on the Cornell DFBS which I assume you are referring
>to as well. We meet at least three times a year on a members farm to
>review a farms practices and search out their strengths and weaknesses.
>I am not aware that we have ever refused a dairyman to visit the group
>and many have decided to join.
>In a recent post Dave G. related that he was leaving the dairy industry
>because his ROI wasn't high enough to allow for expansion. The groups
>range of ROI dropping the one highest and one lowest for each year was
>2004 5.28% to 15.81% . 2003 a tough year -1.19% to 7.28%. 2002 also
>tough -4.69% to 4.93%. 2001 6.96% to 14.02%. 2000 -3.02% to 12.42%. As
>you can see good years help but I can tell you that all members are
>gaining from their own, as well as experience from others. Sharing
>numbers is a requirement and that is hard for some people to do but it's
>the best way to see potential improvement. I can assure you that folks
>with the lowest ROI don't stay there but move up as new members join who
>then do the same.
>Dave Forgey
>
>
>Dave, Let me expand on the 'trips' to Amity Farm. From a student from
>Cornell--'Mr Conklin, you and Carol are the healthiest '50-'60 folks
>I've ever seen'! Then we move on--all get to see and understand our farm
>strategy, our genetic success(3 bulls in AI), but then, get to look at
>the yearly financial computer print-outs of our financial trip over the
>past 30 years. The faculty advisor of one group assured me--'You and
>Carol are definitely going to heaven!' Wonderful, intelligent kids,
>Dave. How do we get them to FARM? Dick Conklin Amity Farm Ft.Ann,NY
>
>
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Tom Kriegl
University of Wisconsin Center For Dairy Profitability
Animal Sciences Building Rm 202
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University of Wisconsin
Madison, WI 53706-1284
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Fax (608) 263-9412
NTERNET: tskriegl@wisc.edu
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