Know Your Numbers: See Where You Stack Up

Travis Girard, a farm management consultant with MNP, and Dean Klippenstine, also with MNP, join Dan for the second session in the Know Your Numbers benchmarking series, drawing on a database of roughly 1,500 farms and 8.5 million acres across the Prairies. They walk through seven years of regional profitability data and reveal that the production expense gap between top performing farms and average ones is far smaller than most operators assume, just seven dollars an acre. The tension is that most producers judge their own performance against coffee room guesses instead of real comparable…