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Jim Meade / Iowa City
Senior Advisor

Labor Benchmarks

As the farm income belt tightens, we want to be as efficient as possible.  One way to measure efficiency is to see how much gross income a unit of labor brings in.  Here's how the University of Illinois figured it out.

 

I'm of the old school and this kind of calculation seems awkward to me, but I have no doubt that modern operators will increasingly benchmark everything.  Whether everything should be benchmarked or is benchmarked correctly may be an important question.

 

http://farmdocdaily.illinois.edu/2015/09/benchmarking-labor-efficiency-and-productivity.html

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