As a pilot program, Subtropical Dairy has developed a series of resources and tools to help northern Australian dairy businesses estimate the potential profit from making a change to their business. These can be found at website www.dairyinfo.biz/dairybiz-100.
These resources are called DairyBiz+100 and have the common theme of calculating what change is needed to make an additional $100 dairy operating profit (or Earnings Before Interest and Tax [EBIT]) per cow per year, regardless of the business stage of development.
Initially, three key management areas have been selected that can have a significant impact on a farm's bottom line: grazing management, reproductive management and feed wastage. Within each of these disciplines, there are several resources: A calculator to estimate the potential financial benefit. Case studies. A summary of best and key practices. A checklist to see how a business is tracking and help decide if these changes are right for a particular situation.
These tools and resources are just the first step in understanding the potential of making a change. The tools are basic calculators so they may not capture the unique aspects of a business or tell what other impacts making a change may have on another part of a business. Further resources and advice should be sought.
As this is a pilot program, Subtropical Dairy would appreciate any feedback from farmers on how they found the resources and suggestions for any improvements.
Contact: If farmers have any questions, particularly about using the calculators, email email@example.com.