The Income over Feed Cost (IOFC) metric gives you a clear overview of your farm’s profitability, allowing you to evaluate and optimize management decisions.
How does it work
IOFC is available for farms that have data on per-head milk pickups and feed cost. It is shown in dollars per cow per day and is calculated using the formula below:
IOFC = Milk pickup weight (per head) * Milk Class Price - Feed Cost Milking Cows (per head)
Your production data (shipped milk yield and components), feed costs (obtained daily from your feed software) and Class III milk prices (monthly milk price factors collected from the USDA official platform and adjusted for your farm’s protein and fat levels).
The calculation is based on Class III milk prices and does not factor in any additional premiums or bonuses. If your milk contract is not a Class III contract, please contact us to adjust this.