In this tough financial time when lenders are less able to give loans to agricultural producers and profit margins are tight, it is more important than ever to have a comprehensive understanding of your operation costs. The Canadian Beef Breeds Council, an industry association that represents all of Canada's purebred beef cattle producers, has created a program that will help you analyze your cost of production along with the benchmarked average of all producers. The program has been custom designed for Canadian purebred beef producers and the information can be shared with your accountant or bank.
The CBBC program is a management tool designed to help you make critical financial decisions. A series of "webinars" started last month, but producers can join the program at any time. If you did not receive a copy of the program, it is available online.
Posted by Michael Latimer