date:Jul 16, 2020
Margins over purchased feed for conventional dairy herds have increased by 24.1% in the past 10 years, to 1,704/cow, according to the annual Kingshay Dairy Costings Focus Report.
Herds have also seen an increase in margins per litre, but at a more modest 14.3%, bringing the average to 20.33p/litre.
Margins increased despite rises in purchased feed costs, likely mitigated by increases in yield, milk from forage and milk price, but other costs of production, such as labour, will also have increa