When evaluating which silage hybrids to plant, be sure to consider return on investment (ROI) — the annual benefit divided by the investment amount — for each hybrid. Knowing the ROI allows you to make decisions that will best improve your dairy’s profitability, says Karl Nestor, senior animal nutritionist at Mycogen Seeds. To calculate ROI, determine the following:
- Cost of the hybrid in terms of its feeding value. This includes seed cost, yield, acres used, fertilizer, equipment and storage.
- Total ration cost.
- Milk-production response as a result of the hybrid.
- Return generated by that response.
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