Congratulations for coming to the end of the Profitability in Goat Production eLearning package. Key messages in this package were:
- Profit underpins good commercial businesses.
- Operating profit is a result of the management and marketing decisions made across the production year and is directly influenced by enterprise gross
margins. - Understanding enterprise gross margins allows management decisions to be made that will influence the profitability of the business.
- Cost of production is one of the most critical drivers of profitability that can be directly influenced by producers.
- Good record keeping is critical to a meaningful analysis of cost of production.
More information
- Going into Goats: Profitable producers’ best practice guide – Module 2 – Financial analysis
- Factsheet 3: Understanding dressing percentage when marketing goats
- Factsheet 6: Managing carrying capacity
- Factsheet 7: Production from a breeding doe
- Factsheet 8: Grow-out options to meet market specifications
- MLA Cost of Production Calculator as well as mixed species case studies.
- For courses and workshops designed to improve business skills visit: www.mla.com.au/events
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