Canadian Cost-of-Production Network supports industry improvements
The Canadian Cow-Calf Cost of Production Network (CDN COP Network) serves to develop a baseline cost of production for different farm scenarios based on survey data from producers across Canada. This data is then analyzed and results are presented that make a difference to producers.
Canfax Research Services (CRS) is proud to present the Canadian Cow-calf Cost of Production Network (CDN COP Network), funded by the Beef Cattle Research Council com/r/2022SignupE) across Canada, consisting of 5-6 producers representing different eco-regions and production systems in each.
The objective is to develop baseline cost of production statistics in a way that minimizes the response burden on producers. Annual indexing means that producer data is collected every five years.
Scenarios will be developed considering what future farms could look like utilizing the 5% Rule approach to evaluate where incremental improvements could be made around productivity, input costs and output prices. This would be mindful of the fact that different farms have different limitations on land, labour and capital.
Producers within the focus groups will be encouraged to network in achieving the future farm results over the coming 3-5 years, supporting industry competitiveness and an attitude of continuous improvement that seeks out new innovations and management practices.