Gloucestershire: Setting profit targets with Brendan Horan at Lydney Park Farms

Join us at Lydney Park Farms as we discuss setting profit targets to aid successful business planning with Brendan Horan from Teagasc.

This meeting will cover

• Why KPIs and profit targets are important to any business
• How analysing financial targets can identify the opportunities for a more consistent high-profitability dairy
• What are the key focus areas for Lydney Park to improve profitability while improving environmental performance, animal health and welfare, social licence and being a great place to work?

About Lydney Park Farm

Located in Gloucestershire, Lydney Park is a 640-ha farm located on the Lydney Park estate.

As part of the estate, the farm must remain profitable in order to cover its fixed cost.

Changing many years ago from a fully housed system to a low input grazing system has suited the staff and the land and returned increased profits.

The system has been adapted continually having milked 1,000 cows once a day at its peak.

Today the 10-week spring-calving herd of 850 Jersey X cows are milked twice a day and averages 4,750 L per cow per year at 5.30% butterfat and 3.93% protein.

The farm still questions what the right system for dairy is and, alongside their SDF steering group has been working with Brendan Horan to develop a robust set of key performance indicators and profit targets specific to Lydney Park.

Brendan is Principal Research Officer and project leader with responsibility for the development and implementation of grassland science multi-year farm systems research projects at Curtins Farm, Teagasc Moorepark, Fermoy, Co. Cork and Ballyhaise Agricultural College, Ballyhaise, Co. Cavan.