Canfax is undertaking an initiative to develop baseline cost-of-production statistics. The Canadian Cow-Calf Cost of Production Network will host 26 producer focus groups (each consisting of five to six producers in each) across Canada in 2020-21.
Scenarios will be developed of what future farms could look like utilizing the Five Per Cent Rule approach of evaluating where incremental improvements could be made around productivity, input costs and output prices.
Producers in the focus groups will be encouraged to network over the coming three to five years. For more info or to participate, go to canfax.ca.