A profitable dairy farm starts with knowing your Income Over Feed Cost (IOFC). With the FYP Dairy App, you are quickly and easily informed of your dairy’s profitability.
- Follow how changes in milk futures prices impact your IOFC.
- Learn how changes in feed costs and production levels impact your IOFC.
- Read expert daily market commentary.
- See realtime** milk and grain market prices.
- Receive management insights that help prepare your dairy for the future.
- Have on-demand access to a team of unbiased dairy specialists.*
*with paid subscription. **with 15 minute delay.
WHY DOES IOFC MATTER?
Many expenses on a dairy farm are “fixed” and don’t change frequently - think of depreciation, labor, and machinery expenses. While fixed expenses shouldn’t be ignored, on a daily basis the best indicator of dairy profitability is the amount of money left over after feed, the single largest expense, is accounted for. That’s why we help you track IOFC.
OUR TEAM IS UNBIASED AND WORKS FOR YOU!
The dairy specialists on our team have many years of experience working with private and publicly owned companies and Universities. We are committed to acting in your, the dairy producer’s, best interest.