Benchmarking is a process by which a farm business can evaluate and compare itself in chosen areas (financial and physical) to an external reference point for the purpose of monitoring and improvement. Using benchmarks can be a way to identify areas of strength and diagnosing problems in performance, as well as establishing good practice for reviewing progress (or not).
A wide variety of benchmarks are available on DairyBase ranging from business type, herd size, location, milking frequency, farm system, profitability and a new initiative is high performing individual farms. Because benchmarks are constantly being updated we recommend you log into DairyBase and request a report to see the most up to date list of available benchmarks or contact DairyBase.
Examples of current and previous season's benchmarking data across New Zealand are available further down the page.
A minimum of 20 farms must be entered for a benchmark group before statistics will become available. This ensures that confidentiality of individual data is maintained and that a minimum level of statistical representativeness has been achieved.
The greater the number in the sample, the more accurate the data will be. The validity of the benchmark for a region can be assessed by comparing 'Number in Benchmark Group' from your report with the following:
|Sample Size||Level of accuracy|
The files at the bottom of this page are one page summary tables with key benchmarking data for regions throughout New Zealand, based on business type, to give you a taste of what benchmarking information is available. To access the full list of up to date available benchmarks log into DairyBase and request a report or contact DairyBase.
Financial Benchmarks Available
You can select benchmarking reports on the basis of a number of physical components eg Business Type, Region, Production System. Some selections can then be ranked on criteria such as EFS per hectare for Top 10%, Top 20% or Top 50%.