NewswireToday - /newswire/ -
Southbank, Victoria, Australia, 2015/07/02 - Analysing and understanding your overall farm business performance has just got easier as Dairy Australia’s new online farm business management tool DairyBase is now available - DairyAustralia.com.au.
DairyBase helps farmers analyse the resources they have and the way they are using them. Through comparative analysis it allows farmers to track their own performance over time and compare with other similar farms according to factors such as farm size, region, production system, and rainfall/irrigation availability.
DairyBase is available to all dairy farmers through levy-funding. It is the first of a new range of farm business management tools and training initiatives Dairy Australia is developing for dairy farmers.
Dairy Australia program manager, Helen Quinn, said the key benefit of DairyBase is that it gives farmers and their advisors the information and analysis they need to have well-informed discussions about farm performance.
“This is about having a better understanding of the numbers in the farm business particularly how the physical aspect of the business relates to the financial,” she said.
“They can then discuss topics such as achieving short and long-term goals, opportunities to improve operations, how they stack up against other farms, whether their farm expenses are in line with similar farms and what decisions need to be made to improve their position.”
How to get started
Dairy farmers and service providers can access DairyBase through the website dairybase.com.au where there is a prominent link to ‘Log in’ and register. The website also has supporting resources to help with this process including:
• Getting Started guide for first time users;
• DairyBase user guide;
• Case studies;
• Input check list/preparation guide;
• Key events.
For further support there is a help line 1800 548 073 or email dairybasesupport[.]dairyaustralia.com.au . For information about Farm Business Management and DairyBase activities and resources in your region, contact your Regional Development Program.
What is DairyBase?
DairyBase is a secure, web-based tool that enables dairy farmers to measure and compare their farm business. After entering their farm data, farmers can then create confidential and comprehensive farm reports to help them understand the overall financial performance of their farm. DairyBase will be of great benefit to dairy farmers who want to reduce on-farm costs, boost profitability and formulate annual business plans. All individual farm data remains confidential to the farm business owner.
DairyBase helps farmers to:
• Compare their own farm business over time;
• Identify opportunities to drive profit and reduce risk;
• Make more informed business decisions;
• Generate benchmarks according to farm size, region and production system;
• Create annual reports and forecasts.
DairyBase is one of the many examples of the dairy service levy at work.
Dairy Australia (dairyaustralia.com.au) is the national services body for the Australian dairy industry. The company acts as the collective investment arm of the industry, investing in essential research, development, extension and industry services with the goal of making dairy farms more profitable.