Source: FARM DOC DAILY, UNIV. OF ILLINOIS, 9/7/18


Benchmarking involves comparisons of a farm’s processes and performance measures with past performance, and with best practices and performance measures of other farms.  Benchmarking is an important component to a continuous improvement program.  Most farms have been benchmarking production performance (i.e., crop yields and animal performance) for years.  However, though extremely important to do so, it is less common for farms to compare their financial metrics with past performance and with that of farms with above average financial performance?

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