Forage cost of production regional workshops
Knowing the cost of production for cropping systems can help the producer’s bottom line. Find out how at the Forage Cost of Production Workshop offered Jan. 29, Jan. 31 and Feb. 1.
Many times when I’m working with producers and ask them, “What is the cost of production for one ton of forage?” they have a hard time answering. According to the Michigan State University Extension 2011 Michigan Cash Grain Farm Business Analysis Summary, the difference in operating profit margin between the top 25 percent and the bottom 25 percent of producers is startling.
The top 25 percent of producers averaged a +42 percent operating profit margin, compared to the bottom 25 percent that had a -3.1 percent operating profit margin. The middle 50 percent of producers averaged +29.3 percent for operating profit margin. According to MSU Extension farm management educator Dennis Stein, some of the differences can be attributed to knowing what cost of production is for the crops they grow.
To help those involved with growing forages – including corn silage, haylage, annual or perennial grass – gain an understanding and the tools to help them answer the question of forage cost of production, MSU Extension is conducting three regional workshops (same workshop, different locations) called Forage Cost of Production 2013. Locations are Alpena, Grand Rapids and Bad Axe, Mich. These three workshops are scheduled for the last week of January (Jan. 29, Jan. 31 and Feb. 1). I would like to encourage producers and agribusinesses to consider this workshop or recommend to those involved with forages.
Everyone is encouraged to pre-register for the Forage Cost of Production Workshop 2013. If you or someone else is unable to register online, contact the Lapeer County MSU Extension office to register at 810-667-0341.
The cost for the workshop, including lunch, will be $30. If you would like to register using a credit card, you must register online. No credit cards will be accepted at the door. Cash and checks (made out to Michigan State University) can be mailed to MSU or will be accepted at the door.
The deadline for pre-registration is two working days before the date of the workshop, but don’t wait till the last minute. We will be making reservations for lunches prior to the workshop. If you choose to register at the door, there is no guarantee of lunch.