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Zoology and Animal Physiology, 2021, 2(1); doi: 10.38007/ZAP.2021.020105.

Ways to Reduce the Cost Budget of Feed Financial Management in Dairy Production

Author(s)

Lufei Song

Corresponding Author:
Lufei Song
Affiliation(s)

Lishui College Puyang County, Puyang, China

Abstract

The dairy industry is an industry related to national economy and people's livelihood, and is an important part of China's agricultural development. Milk has become an indispensable necessity for people's lives, so the healthy development of Chinese dairy cow manufacturers is very important. In the daily operation of dairy cow manufacturers, feed cost control and financial management are the focus of the company's work. The purpose of this article is to solve some problems in the method of reducing the budgetary cost of feed financial management for dairy producers. This article discusses the methods of controlling the cost of dairy feed and related influencing factors, from the design of dairy feed formula, the use of alternative raw materials, and the reduction of waste. Conduct research on ways to reduce the financial management and cost budget of dairy producers. The research results show that the feed cost in dairy production enterprises accounts for 60.8% of the total operating costs of the enterprise. Designing a balanced and reasonable milk feed formula can save 18% of the feed cost. Feeding cows using alternative raw materials can save 15% of the feed cost, but Dairy cow milk production will be reduced by 6.3% accordingly. The reduction of dairy cow feed cost can maximize the profit of dairy cow production enterprises and is an effective way to reduce the cost budget of enterprises.

Keywords

Dairy Production, Financial Management, Reduce Feed Cost Budget, Path Analysis

Cite This Paper

Lufei Song. Ways to Reduce the Cost Budget of Feed Financial Management in Dairy Production. Zoology and Animal Physiology (2021), Vol. 2, Issue 1: 48-59. https://doi.org/10.38007/ZAP.2021.020105.

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