Completing a profit monitor
Catherine Egan, host of the Beef Edge podcast and Ciarán Lynch from Teagasc’s Ovicast sheep podcast discuss financial management tips on drystock farms with Teagasc Financial Specialist, Kevin Connolly.
January is a good month to review your 2023 financial performance before you start focusing and putting a plan in place for 2024.
Kevin first explains the benefits of completing a profit monitor and we discuss what data is required and the ways to simplify this process.
Kevin takes us through the information the profit monitor can generate and how it can be used to highlight key areas to focus on, allowing farmers to benchmark their own farm performance.
We finish up with Kevin offering his three key pieces of advice for listeners to undertake in 2024.
For those interested in completing a profit monitor you can find out more here