Resources to help unlock profit

07 Mar, 2017 04:00 AM
Comments
0
 
A calculator for each key area helps estimate the potential financial benefit of any change.
These tools and resources are just the first step in understanding the potential of making a change.
A calculator for each key area helps estimate the potential financial benefit of any change.

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 brad@subtropicaldairy.com.au.

    POST A COMMENT


    Screen name *
    Email address *
    Remember me?
    Comment *
     
    A new definition of 'genetically modified' currently awaiting parliamentary approval could see a swathe of new grasses on the market within three years.
13 Nov 18 A new definition of "genetically modified" currently awaiting parliamentary approval could see a swathe of new...
    A person normally breathes about 25,000 times a day, with the lungs taking in oxygen from the air and delivering it to the bloodstream.02 Nov 18 A person normally breathes about 25,000 times a day, with the lungs taking in oxygen from the air and delivering it...
    light grey arrow
    Olivia - what you fail to consider is that animals fed the crops you speak of aren't evolved to
    light grey arrow
    If that’s what they think the milk volume drop will be they are in for one hell of a shock. 200
    light grey arrow
    A well planned vegan diet is certainly not nutrient deficient. But aside from that, the entire
    Amidst rising farm costs, Dairy Australia has developed a range of energy information resources to assist farmers to make smarter use of energy to reduce power bills.
13 Nov 18 Amidst rising farm costs, Dairy Australia has developed a range of energy information resources to assist farmers to...
    Accurate and up-to-date paperwork is crucial for all dairy farmers. But as a farm manager, Allen Hook says the ability to keep precise records is what keeps him in a job.12 Nov 18 Accurate and up-to-date paperwork is crucial for all dairy farmers. But as a farm manager, Allen Hook says the...
    Australian farm chemical manufacturer Nufarm has repaired its balance sheet and is now hunting for acquisition opportunities.25 Sep 16 Australian farm chemical manufacturer Nufarm has repaired its balance sheet and is now hunting for acquisition...
    Monopoly market may confront cropping sector under mega-merger proposal.22 Sep 16 Monopoly market may confront cropping sector under mega-merger proposal.