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Practical Poultry Farm Business Performance Calculations
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Introduction
In this article, I share VERY practical, real world relevant tips about performance measures you can compute daily, weekly, monthly and at the end of year to accurately determine at every stage whether your poultry farm business is operating optimally.
These performance indices are NOT aggregate measures. In other words, they are NOT measured in monetary terms. Instead they have NO units, being ratios, usage rates and percentages that help to (a) establish a normal trend of your farms’ behaviour (b) quickly identify/detect departures from that trend, so that you can take timely/corrective action.
Note that these measures are tried and tested, and are actually built into a custom spreadsheet software application I built for a client who runs a Twelve thousand (12,000) layer poultry farm business.
You Can Quickly & Easily Compute Performance Indicators To Check Your Farm’s Health
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Producing Good Catfish is Important, But Finding Good Buyers is Imperative!
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As I have said on my Cost-Saving Ideas Farm Business Support mini site, and also in many of my previous write ups, I have gained unique insight into the business of catfish farming as it is done here in Nigeria. I have moved around quite a lot within Lagos especially, visiting various farms in places like Iyana Ipaja, Egbeda, Ojo, Gbagada, and outside Lagos, more recently,in Akute – Ogun State.
During my interactions with the farm owners, I typically ask the same questions about operational practices being used, farm output achieved, expenses incurred etc. My objective is always to establish how efficient and profitable the individual operations are.
Time and time again, I have found that most of these farm owners are simply focussed on doing what they do in the same mechanical manner they have always been doing them.
Little or no effort is made to spend some time THINKING about how to operate more efficiently – especially in order to reduce the time, effort, money and labour needed to produce – and sell – the same output within a production cycle.
But times are hard. Business is tough. Costs have risen. To continue to profit, it has become even more imperative today, for EVERY business to explore ways of LOWERING operating costs, even as they maintain or possibly INCREASE output.
That is why IDEAS – NEW IDEAS – about how to better run the business MUST be routinely solicited, and explored practically, with a view to improving the way we work, so that the business can perform better.
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