5 Ways Our Feed Software Will Help You Tackle the Feed Industry Challenges of 2023

For many industries around the world, 2022 was a year undeniably marked by uncertainty. This was no different for feed producers. At the start of the year, global commodity markets were constrained by drought, rising fertiliser costs, declining yields and acreage, a poor wheat harvest, and rising prices for key ingredients such as soya. The second knockout blow came in the form of Russia’s invasion of Ukraine in February, which limited exports of key feed ingredients. By the end of 2022, exports continued to remain below pre-war levels despite the Black Sea Grain Initiative.

It seems appropriate, then, that the word of the year for 2022 was ‘permacrisis’. A term that seemed to perfectly expresses the unexpected, hurtling from one unprecedented event to the next. However, as we all enter 2023, with the typical refreshed new year mindset, Primetics remains committed to supporting feed businesses across the UK in streamlining their operations and readying themselves for the challenges ahead with our Gold Feed software. Nobody can know what world events will impact the industry this year. What we do know is that we can provide your business with stability and reassurance during times of unprecedented uncertainty. Here are five ways how!

Feed Software Improves Mill Performance

As the world population surpassed 8 billion at the end of 2022, the challenge of feeding an ever-growing population remains as real as ever. The livestock industry is expected to have an additional 2 billion mouths to feed by 2050, meaning the feed industry will face ever-increasing pressure. What does this mean for your feed mill? You need to get efficient and highly productive! Production must increase significantly while you ensure your company remains profitable. All of this, in addition to rising commodity prices, supply chain challenges, stringent and changing regulations, and concerns about sustainability, to name a few.

Gold Feed software is a comprehensive end-to-end ERP solution that successfully monitors and optimises mill performance while delivering success. Knowledge is power and Gold Feed provides all of the information you need to make powerful decisions. The system unites data from across your entire mill operation and presents it in a single location. With the right tools at your disposal, you can track performance using the most up-to-date and accurate production data available. With less time spent on manual data entry and/or fixing errors, productivity dramatically increases across your mill.

Sticking to Budgets and Remaining Profitable

A company’s financial management has always been critical to its success, no matter the industry. This has never been truer for the feed industry. Especially as organisations continue to operate despite events that have financially crippled other feed businesses. Indeed, securing profitability is a big challenge for feed producers in the current climate. But our software was especially designed to help you run a lucrative business. Commodity prices in the feed industry spiked in 2022 and remain somewhat volatile. As a result, success in financial management will be more important than ever for feed producers in 2023.

Gold Feed management software can assist you in obtaining the data you need to better understand your overall financial picture. Within a single solution, invoicing, electronic sales, purchase transactions, and multi-currency sales are all visible and easily accessible. This allows you to keep a tight grip on your budget spending and thus work to maximise your profit margins.

Staying Sustainable and Accountable

A recent report from the International Energy Agency (IEA) warned that 2023 would see the largest levels of carbon dioxide output in human history, leaving the world far from its net zero target by 2050. On the worrying findings, Fatih Birol, the IEA’s executive director, stated “Despite increased climate ambitions, the amount of economic recovery funds being spent on clean energy is just a small sliver of the total,”.

Agriculture’s significant contribution to global emissions is well documented. However, recent research on livestock feed has revealed a direct link between feed content and the emissions produced from the livestock that consume it. Furthermore, soybean harvests are said to destroy 40% of Mato Grasso’s Amazon ecosystem. Despite efforts like the Amazon Soy Moratorium to reduce the use of these lands, major feed producers have been found to source soya linked to illegal deforestation in the Amazon.

Taking accountability for our role in combating the climate emergency is critical. This is especially important in an industry where the methods of growth and sourcing for the ingredients we use can be extremely harmful to the environment. With rising environmental concerns, it is critical to source ingredients from reputable sources. Making sure you do so is made easier by our feed management’s ability to track ingredients from the start to end of the manufacturing process. Our Gold Feed management software also allows you to easily breakdown feed orders into the individual ingredients needed for production. This way, you and your clients can ensure the best nutritional mix for livestock in order to reduce emission output as much as possible.

Prioritising Total Traceability

Traceability of feed is a well-known and important aspect of feed production. Traceability will be a top priority for industry businesses in 2023. This comes as they prepare themselves for specific and evolving customer requirements as well as the numerous regulatory changes of the future. Gold Feed’s complete traceability for all controlled or permitted substances, allows users to track which batches of feed are affected even after they’ve been shipped. Your feed company can be confident that all relevant information is recorded. In thanks to the total traceability provided by our industry leading software.

Feed Software Built For You

As always, configurability stands as one of the defining features of our software. Primetics recognised that the agricultural industries were extremely complex. As a result, no generic ERP software could provide the true functionality they required. That is why we developed Gold Feed for feed producers.

However, just as agricultural industries differ, so do the businesses that operate within them. We understand that your company has unique requirements that set it apart from others in your industry. That is why we partner with you from the start. In order to truly understand your business and work with you to determine how we can best support you. Our suite of optional ‘modules’ adds to the already exceptional functionality of our Gold Feed system. We have also worked with our clients to create custom developments based on their requirements because we understand that in these trying times, you need a partner you can count on.

For more than 40 years, our teams of feed industry specialists have worked alongside feed producers. They have developed an in-depth understanding of the industry and the businesses that operate within it. As the last few years have thrown challenge after challenge at feed businesses, we have remained a strong and stable partner. We have ensured that our solutions continue to provide unrivalled levels of support and reassurance during these difficult times.