The primary value of these reports is to enable producers to gauge their productive, economic and financial performance relative to their peers locally and provincially. Benchmark analysis,...
Description
The primary value of these reports is to enable producers to gauge their productive, economic and financial performance relative to their peers locally and provincially. Benchmark analysis, comparing to one's own detailed business analysis, is the first critical step in identifying operational strengths and weaknesses in a cow/calf operation. The benchmarking process has two key time perspectives. The first is an historical analysis, involving comparisons over time. The second is a within-year comparison, focusing on how your operation performed, responded to, or weathered the challenges faced by you and your local peers.