MECHANICSBURG, Pa. — AgChoice Farm Credit announces that enrollment is open for its 2021 Dairy Success and Profitability Review (Dairy SPR) benchmark program.
“Dairy SPR is a tool to help producers evaluate their financial performance and make proactive management decisions for their future,” explained Mike Hosterman, AgChoice ag business consultant. “Benchmark programs, such as Dairy SPR, allow participating farms to compare against industry peers and – more importantly – compare with previous years of their own farm’s performance, establishing a trend of key financial indicators.”
The program is open to any size dairy herd in Pennsylvania. Benchmark results are compiled and provided to participating farms in an easy-to-understand report on a total dollar, per cow and per hundredweight basis. Farms are evaluated against peers of similar sizes, the top 25% of the benchmark herds and the farm’s past performance.
Dairy SPR is free for AgChoice loan customers. Dairy producers who do not have loans with AgChoice but participate in AgChoice business management services (accounting, records, tax, payroll, business consulting or crop insurance) can enroll for $150. The program fee for all other producers is $300.
“Every farm is made of strengths and weaknesses,” said Amos Benedict, a Dairy SPR farm participant. “The Dairy SPR report shows areas we need to work on if we are willing to face the facts. It gives us real data and a picture of where we are in comparison to our peers without the peer pressure.”
Learn more about Dairy SPR and the required data submissions by visiting www.agchoice.com/DairySPR or call 800-998-5557. Registration in the 2021 Dairy SPR program is open until April 16.
–AgChoice Farm Credit