Welcome to The New Home of JerseyOntario.ca
July 11 @ 8:00 am - July 12 @ 5:00 pm
- Graduating from Ridgetown College in 2011 with a diploma in Agriculture, Tyler had aspirations of being a next generation dairy farmer, but taking that next step is no easy task. On December 1, 2013 at 22 years old, Tyler purchased his uncle’s dairy quota and herd of 80 Holsteins.
Jersey Canada engaged a team of researchers at the University of Guelph to perform an Economic Analysis of Dairy Breeds in Canada. This analysis focused on measuring revenue, operating income and return on investment. A typical herd of each of the seven breeds in Canada, Jersey, Holstein, Brown Swiss, Guernsey, Milking Shorthorn, Canadienne and Ayrshire was established based on 90 kilograms of quota. An investment of $2,250,000 in Ontario at the time of writing.
After factoring in operating expenses of feed, milking labour, reproduction costs, veterinary charges (only available for Holstein and Jerseys) and milk cheque deductions, Jerseys were the top Income Generator at $161,451 versus Holsteins at $141,388 in second place and Canadienne in third with a likely income of $133,000 should they face similar Veterinary costs as the Jerseys.
The final measure of economic performance was return on investment. Due to the above findings the Jersey breed was the top performer with an ROI of 5.86% versus 4.98 for Holsteins and Canadienne estimated at 5.00%. An interest expense proxy was factored in at 6% on the investments calculated by breed for further comparison. The findings placed Jerseys as the only breed that came close to a profit after interest of $(3,917).