Challenge
Navigating Change in Dairy Farming
Canadian dairy farming stands as a cornerstone of the nation’s agriculture, with its history stretching back centuries and its contributions to the GDP amounting to billions every year. Despite its traditional roots, Canadian dairy farmers today experience the same challenges related to trade, climate, and fluctuating prices. However, the scene is changing as big players are merging, creating mega-farms that are reshaping the industry, a surge in technology adoption, and the necessity for significant capital for both startups and growth. This shift is also sparking a greater demand for a wide range of products and services, while inflation is pushing up expenses and interest rates on loans.
In addition to these challenges, global events have introduced on-going supply chain disruptions and labor shortages. Staying profitable as a dairy farmer has become increasingly complex, too complex to rely on only human intuition for making critical business decisions.
The right or wrong decision, when dealing with such slim profit margins, can have severe consequences, especially for a smaller operation.
To navigate this landscape, data has become essential. The use of data is mandatory for enhancing farm economics, herd health, and productivity and the dairy industry has entered the realm of big data on a global scale. Dairy farms are increasingly deploying technological solutions like sensors and robotic milking systems that integrate with the Internet of Things (IoT), providing continuous streams of valuable data. Unfortunately, the full potential of this data remains largely untapped by most farms, which often lack the resources, technology, and know-how for its use in decision-making across all aspects of the farm.