Dairy Farm Monitor Project. Sustaining profit. Claire Waterman. Dairy Farm Monitor Project. Profitable farmers…. Identify critical variables Know their farm business Match the farm’s resources to their farming system
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Dairy Farm Monitor Project
Sustaining profit Claire Waterman
Dairy Farm Monitor Project Profitable farmers… Identify critical variables Know their farm business Match the farm’s resources to their farming system Appropriately match business and financial risk to their farming system
divided by assets managed Return on asset divided by equity Return on equity Dairy Farm Monitor Project DFMP method Business Risk Financial Risk
Dairy Farm Monitor Project Historical – return on assets and milk price
Dairy Farm Monitor Project Historical – return on equity
Dairy Farm Monitor Project Farm case studies
Dairy Farm Monitor Project
Dairy Farm Monitor Project NO044: Solid performer Rank well in every technical category Timely operations Labour efficient Regularly analyses their business Seeks advice
Dairy Farm Monitor Project GI029: Keeping it simple Simple yet robust system 80/20 rule Annual and partial budgets Environmentally sustainable A love of farming
Dairy Farm Monitor Project SW021: Crunching the numbers ‘Doing the numbers’ Labour management Work smarter, not harder Advice for future entrants is be financially literate
Dairy Farm Monitor Project Profitable farmers… Identify critical variables Know their farm business Match the farm’s resources to their farming system Appropriately match business and financial risk to their farming system