Resources to help unlock profit

07 Mar, 2017 04:00 AM
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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.

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