2014 Profit Monitor

Kileir

removed

ihatewinter

So from my calculation you made 196 euro profit per hectare.

Kileir

ihatewinter wrote: »

So from my calculation you made 196 euro profit per hectare.

correct

mahoney_j

Lads those details are private and confidential to your own enterprise and should never be put into the public eye.ive my dairy monitor nearly finished and won't be disclosing any of it here .discussion group is only place it'll be shared.its amazing the eyes and ears out here who could use sensitive info like that against the whole beef or dairy industry.publishing the best ones by tegasc makes my blood boil as the really really good ones are the minority and may not fully reflect low drawings or situations where there is no Deb

Kileir

mahoney_j wrote: »

Lads those details are private and confidential to your own enterprise and should never be put into the public eye.ive my dairy monitor nearly finished and won't be disclosing any of it here .discussion group is only place it'll be shared.its amazing the eyes and ears out here who could use sensitive info like that against the whole beef or dairy industry.publishing the best ones by tegasc makes my blood boil as the really really good ones are the minority and may not fully reflect low drawings or situations where there is no Deb

maybe this was a bad idea..

mahoney_j

Kileir wrote: »

maybe this was a bad idea..

****e didn't mean to offend you but at least u know where I'm coming from,fair play for doing one up.u know the work that goes into preparing one and the warts and all figures that it contains.we done see Larry or any of the big supermarkets disclosing sensitive info and that's where I'm coming fom.the less those hoares know about our business the better.

TUBBY

Kileir wrote: »

maybe this was a bad idea..

i don't think so. Good to discuss in general terms what you learned from the numbers, what went well and what inputs were too high etc.
the epm is a good eye opener.
doing mine at weekend.
will post up high and low lights.

Timmaay

It's more in the dairy context where it's a bad idea to disclose them, dairying alot more labour intensive, and PMs don't put a value on your time, or land charges, headline figures like we are producing milk for 25c/l are totally misleading. From a beef context being more vocal about them is no harm, they straight up show how tight margins are.

joejobrien

mahoney_j wrote: »

Lads those details are private and confidential to your own enterprise and should never be put into the public eye.ive my dairy monitor nearly finished and won't be disclosing any of it here .discussion group is only place it'll be shared.its amazing the eyes and ears out here who could use sensitive info like that against the whole beef or dairy industry.publishing the best ones by tegasc makes my blood boil as the really really good ones are the minority and may not fully reflect low drawings or situations where there is no Deb

+1 here.
It is beyond belief how naive some people on here are. Unfortunately they seem to follow something along the lines of teagasc and then this appears fine to them. "LETS TALK ABOUT IT"???????? YES in groups or between your advisor and no one else.
I recall discussion on here with PM in other years and lads blowing there trumpet in public. This provide ammuntion. When did anyone see margins from our food companies or other companies ? oh and they do incl. labour unlike our gob... es!!!!
Mine will not go up neither.

frazzledhome

I think it's a great idea to post them. Shows industry what its actually costing to produce milk

mahoney_j

frazzledhome wrote: »

I think it's a great idea to post them. Shows industry what its actually costing to produce milk

Pile of crap why should we tell Larry the coops supermarkets etc what it cost us to produce a ltr of milk or a kg of beef.printing the best ones is rubbing salt into the wounds as it isn't a true reflection ofvthe whole industry why don't they publish the worst ones????share within dg or advisor but putting info into the public domain is just plain wrong as it's just another stick to beat us with.take a guy that supposedly can produce milk at 23 cent a ltr according to pm he proab has no borrowings,very low drawings etc and a guy investing in his farm or with famy commitments his costs could be 30 cent.pm and what Tegasc publush in no way take that into account and the vulchers out there will then expect us all to produce at 23,

Dawggone

frazzledhome wrote: »

I think it's a great idea to post them. Shows industry what its actually costing to produce milk

The industry probably know well what it costs to produce/litre.
Sibling of mine was "high up" in Greencore when beet was on the go - they started with price offers about one penny above cost of production...
Wouldn't you do the same?


If willy waving is needed then everyone publish their EBIDTA. That will separate the men from the boys.
Pm's that's don't include wages, land charges etc are misleading to say the least.

You don't see ANY industry publishing their cost of production or margin whether it be Glanbia or Tesco...

joejobrien

mahoney_j wrote: »

Pile of crap why should we tell Larry the coops supermarkets etc what it cost us to produce a ltr of milk or a kg of beef.printing the best ones is rubbing salt into the wounds as it isn't a true reflection ofvthe whole industry why don't they publish the worst ones????share within dg or advisor but putting info into the public domain is just plain wrong as it's just another stick to beat us with.take a guy that supposedly can produce milk at 23 cent a ltr according to pm he proab has no borrowings,very low drawings etc and a guy investing in his farm or with famy commitments his costs could be 30 cent.pm and what Tegasc publush in no way take that into account and the vulchers out there will then expect us all to produce at 23,

Spot on ,they only know full well what it costs and futhermore they look upon us as a neccessery input in there business, just as other businesss do .Therfore they will pay just enough and nothing more than that and when it drops below cost, well???? . I havent seen any comment from them regarding them supporting the price to above costs

joejobrien

Dawggone wrote: »

The industry probably know well what it costs to produce/litre.
Sibling of mine was "high up" in Greencore when beet was on the go - they started with price offers about one penny above cost of production...
Wouldn't you do the same?


If willy waving is needed then everyone publish their EBIDTA. That will separate the men from the boys.
Pm's that's don't include wages, land charges etc are misleading to say the least.

You don't see ANY industry publishing their cost of production or margin whether it be Glanbia or Tesco...

Well said.

frazzledhome

Have never seen it used as a stick to beat me. What I've seen is positive moves by farmers.

Only 10% of farmers do it anyway.
Everyone is agreed on the limited info that's included, it actually tells you phuck all

We work on EBIDTA, only others that know this is our bank

frazzledhome

When farm walk or open day happens should figures be ignored?

joejobrien

frazzledhome wrote: »

When farm walk or open day happens should figures be ignored?

I would suggest caution on some figures......even some advisors will quietly admit to that!
Perhaps within your own dg you can believe the figures but thats for yourself to decide

Nettleman

The EPM/CCP is a glorified spreadsheet with a few macros and protected cells, and is being peddled as a revolution in farming management information, with the collusion of the rag.
My view is that it is designed to always take the most optimistic view, like output being shown before levies, transport, auctioneer fees etc.
Produce more meat and ya will be millionairres, produce less and your screwed..this is the mantra which keeps the quangos and state agenies happy with loads of money running through the economy, but no profit for beef farmer.
Why don't teagasc publish factory profitability data each year in same way as they publish farmers, split by species.
What is Interesting is their logo says they are the "Agriculture and FOOD development authority, and from what I see, they only publish figures on the agriculture side of their remit. I can smell a re-branding coming down the tracks, where the "Food" bit will be dropped off thier logo

joejobrien

Nettleman wrote: »

The EPM is a glorified spreadsheet with a few macros and protected cells, and is being peddled as a revolution in farming management information, with the collusion of the rag.
My view is that it is designed to always take the most optimistic view, like output being shown before levies, transport, auctioneer fees etc.
Produce more meat and ya will be millionairres, produce less and your screwed..this is the mantra which keeps the quangos and state agenies happy with loads of money running through the economy, but no profit for beef farmer.
Why don't teagasc publish factory profitability data each year in same way as they publish farmers, split by species.
What is Interesting is their logo says they are the "Agriculture and FOOD development authority, and from what I see, they only publish figures on the agriculture side of their remit. I can smell a re-branding coming down the tracks.

THATS is telling it. Keep driving the same fools by using the fancy figures and to the navive, the constant repetitiveness will finally sink in.
When key figures are been omitted, well that tell the story of OUR Adivory Board and the rag
As for rebranding ??? unsure nettleman

Toplink

Nettleman wrote: »

The EPM/CCP is a glorified spreadsheet with a few macros and protected cells, and is being peddled as a revolution in farming management information, with the collusion of the rag.
My view is that it is designed to always take the most optimistic view, like output being shown before levies, transport, auctioneer fees etc.
Produce more meat and ya will be millionairres, produce less and your screwed..this is the mantra which keeps the quangos and state agenies happy with loads of money running through the economy, but no profit for beef farmer.
Why don't teagasc publish factory profitability data each year in same way as they publish farmers, split by species.
What is Interesting is their logo says they are the "Agriculture and FOOD development authority, and from what I see, they only publish figures on the agriculture side of their remit. I can smell a re-branding coming down the tracks, where the "Food" bit will be dropped off thier logo

Thats a belter of a post.

Nettleman

Toplink wrote: »

Thats a belter of a post.

ive always been afraid to say what everybodys thinking!!!!:P:P

frazzledhome

Nettleman wrote: »

The EPM/CCP is a glorified spreadsheet with a few macros and protected cells, and is being peddled as a revolution in farming management information, with the collusion of the rag.
My view is that it is designed to always take the most optimistic view, like output being shown before levies, transport, auctioneer fees etc.
Produce more meat and ya will be millionairres, produce less and your screwed..this is the mantra which keeps the quangos and state agenies happy with loads of money running through the economy, but no profit for beef farmer.
Why don't teagasc publish factory profitability data each year in same way as they publish farmers, split by species.
What is Interesting is their logo says they are the "Agriculture and FOOD development authority, and from what I see, they only publish figures on the agriculture side of their remit. I can smell a re-branding coming down the tracks, where the "Food" bit will be dropped off thier logo

I've no idea of what computer program runs it and don't really care. I am also well aware or the DPM's shortcomings and am able to live with this. What business of mine is it what a guy takes for living compared to me

We have our DPM analysis day coming up next week and I find it a most enlightening days work. A lot of guys diss others figures because they are so far behind the curve that they can't believe it can be done

I've been fairly successful to date and a lot was down to people sharing information in a lot of cases facilitated by Teagasc.

I've had 2 great mentors and I don't even think they knew they were having such an influence on my career.

If it wasn't for knowledge transfer dairy farming would be all the poorer.

joejobrien

frazzledhome wrote: »

I've no idea of what computer program runs it and don't really care. I am also well aware or the DPM's shortcomings and am able to live with this. What business of mine is it what a guy takes for living compared to me

We have our DPM analysis day coming up next week and I find it a most enlightening days work. A lot of guys diss others figures because they are so far behind the curve that they can't believe it can be done

I've been fairly successful to date and a lot was down to people sharing information in a lot of cases facilitated by Teagasc.

I've had 2 great mentors and I don't even think they knew they were having such an influence on my career.

If it wasn't for knowledge transfer dairy farming would be all the poorer.

Knowledge transfer between lads is fine but when its put into the public domaine, that a different matter.
There is some very fine work from them and also some poor examples
Thankfully some of the good work is also applied here through information sharing

As regards" what a guy take for living compared to F." There must be a industry standard put in place, irrespective of circumstances.Without this people are living in cloud cuckoo land!!!!

Explain why Teagasc have put up production cost of 25c/l with no labour ....is it fresh air we are suppose to live on. Greenfields say they can do it @ 25c/l but I ask the question what have they been doing all along leaving all that money behind so?.
Yet all industry applies labour to every unit they sell/produce Try asking business, supermarkets, beef factories, millers etc for there cost. Good luck with that one.!
PS wages are very different to profit
Our industry is no different to other industries, so lets not treat it differently

Miname

I think this post was put up more so to maybe get people to throw out ideas moreso about where things might be changed or cut back so as to provide a better standard of living. It was his own choice to put it up and I for one like something to compare of. Others on here seem to have a lot more experience than me and it's great when you get someone that will stand up and question costs. I know with my own group there are too many lads that are scared to question stuff in case someone gets offended. It's the great thing about boards that with a little bit of annonyminaty people will be more inclined to speak their minds.

milkprofit

joejobrien wrote: »

Knowledge transfer between lads is fine but when its put into the public domaine, that a different matter.
There is some very fine work from them and also some poor examples
Thankfully some of the good work is also applied here through information sharing

As regards" what a guy take for living compared to F." There must be a industry standard put in place, irrespective of circumstances.Without this people are living in cloud cuckoo land!!!!

Explain why Teagasc have put up production cost of 25c/l with no labour ....is it fresh air we are suppose to live on. Greenfields say they can do it @ 25c/l but I ask the question what have they been doing all along leaving all that money behind so?.
Yet all industry applies labour to every unit they sell/produce Try asking business, supermarkets, beef factories, millers etc for there cost. Good luck with that one.!
PS wages are very different to profit
Our industry is no different to other industries, so lets not treat it differently

Let's all e mail teagasc and get all d groups to always include at least the average industrial wage adjusted for hours worked in all pm

jaymla627

joejobrien wrote: »

Knowledge transfer between lads is fine but when its put into the public domaine, that a different matter.
There is some very fine work from them and also some poor examples
Thankfully some of the good work is also applied here through information sharing

As regards" what a guy take for living compared to F." There must be a industry standard put in place, irrespective of circumstances.Without this people are living in cloud cuckoo land!!!!

Explain why Teagasc have put up production cost of 25c/l with no labour ....is it fresh air we are suppose to live on. Greenfields say they can do it @ 25c/l but I ask the question what have they been doing all along leaving all that money behind so?.
Yet all industry applies labour to every unit they sell/produce Try asking business, supermarkets, beef factories, millers etc for there cost. Good luck with that one.!
PS wages are very different to profit
Our industry is no different to other industries, so lets not treat it differently

They more then likely can do it at 25 c/l but will definitely be omitting capital/intrest repayments and probably forget about adding in land rental to, sahloo is going to come out looking like a clown when there production costs come in at over 30c/l for 2015, unless of course 2015 turns out to be a belter of a year for grass, and the wheelbarrow and shovel don't break down....

joejobrien

I think this post was put up more so to maybe get people to throw out ideas moreso about where things might be changed or cut back so as to provide a better standard of living. It was his own choice to put it up and I for one like something to compare of. Others on here seem to have a lot more experience than me and it's great when you get someone that will stand up and question costs. I know with my own group there are too many lads that are scared to question stuff in case someone gets offended. It's the great thing about boards that with a little bit of annonyminaty people will be more inclined to speak their minds.
Miname,
Compare by all means, and one piece of advice : DONT BE AFRAID TO STAND UP AND QUESTION ANYTHING .On here or be they so called experts or whatever , when you stick into those lads tight , your every bit as good or better than them and could often come out on top of them !!!

joejobrien

jaymla627 wrote: »

They more then likely can do it at 25 c/l but will definitely be omitting capital/intrest repayments and probably forget about adding in land rental to, sahloo is going to come out looking like a clown when there production costs come in at over 30c/l for 2015, unless of course 2015 turns out to be a belter of a year for grass, and the wheelbarrow and shovel don't break down....

Exactly, your right. but should you omit these costs?
try missing the bank repayements:D