Denis Sergienko, Counseling Center ADM

You can only manage what you can measure.

Peter Drucker Ferdinant

My own history with a comparative economic analysis of milk production began in 2013, when I worked as the head of an agricultural enterprise. It was interesting to compare our farm with the other, which may work more effectively. And it was not just the operating parameters (eg, milk yield), but also the cost of production, the level of conversion costs for feeding in revenue from the milk and others.

Comparative economic analysis, or benchmarking, is widely used around the world as a tool to assess the state of the business and to enhance its effectiveness, especially in difficult economic conditions. We provide this service for ADM farms over a year. What is the goal of using it?

Read more in the magazine «Milk and Farm» № 2 (33), April 2016