Cost effective rationing fuels feed efficiency

Income over feed cost (IOFC) is a valuable benchmark for dairy producers to track improvements. Comparisons of this figure, per cow or per litre, are a good indication of herd efficiency and for setting targets year-on-year. However, on many units, IOFC is vulnerable and it fluctuates with forage quality and availability. We also see it fail where producers opt for a lower spec diet to cushion falling milk prices or increasing feed prices. More volatility in milk prices expected Key milk produc