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EN
The importance of record-keeping in a strong financial year
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The Cattle Site
Using intentional record-keeping to make decisionsIn terms of profitability, production costs are also high, affecting how large profits could potentially be in the current market.
However, producers do have control over how they manage production costs by keeping accurate production records that justify certain management strategies.
Record keeping also aids in revealing where there are opportunities to adjust management strategies to capitalize on the current market.
This forecast is similar to 2014 returns when production costs were 20% lower, and expansion has hardly started.
Despite higher production prices, the next couple of years are expected to bring positive returns.
['recordkeeping'
'2025'
'producers'
'resources'
'money'
'management'
'production'
'importance'
'strategies'
'costs'
'prices'
'financial'
'strong']