B4FA Fellow Michael asks:
The desire of every farmer should be to get the highest returns from the lowest cost investment. This is not to say that the farmer should not spend enough on inputs such as fertilizers or quality feeds.
Rather, we are talking about efficiency standards which clever farmers use to arrive at high quality and quantity of output from low cost inputs.
It is the standards they use in order to know the economic performance of their farms.
For example, if you are a poultry farmer you might want to think about how many eggs are laid every day by the number of birds kept and to relate the money obtained with the cost of feeds, veterinary drugs used, and labour.
If you keep animals you will want to know if each one of them gains weight proportionate to the cost of feeds.
Do the feeds proportionately lead to increased milk production? Read more