Farm business 2007/08

Investment in the business skills of farmers is aimed at helping each new generation to identify goals and a path to wealth creation through the industry. It includes equipping farmers with the skills and networks to achieve their goals.

A summary of projects carried out during the 2007/08 season in the Farm Business area.
Note: These were proposed contracted amounts. Actual final paid amounts may vary from these numbers.

Project	Project Number	Description	Partners	Funding (Excl. GST)
DairyBase	FB30030	DairyBase is a web-based financial analysis tool which aims to lift the use of financial benchmarking in the dairy industry by providing a set of clearly defined and readily available performance data in a national industry database. For more information visit www.dairybase.co.nz View Project Summary Report	DairyBase Ltd	$595,000
Improving financial capability of dairy farmers	FB30046	The aim of this project is to improve the strategic and financial capability of New Zealand dairy farmers through Mark and Measure 1 Business Performance seminars, Mark and Measure 2 Strategic Management seminars, and DairyBase events to show farmers how to benchmark farm performance and recognise opportunities to improve farm profitability. View Project Summary Report	DairyNZ Ltd	$302,000
Efficient farm systems	FB30039	This project aims to see dairy farmers work with their rural professionals using DairyBase and Profit Doctor, to understand the key principles and practices that drive profitability of the farm business, and they select the farm system and policy best suited to their resources. View Project Summary Report	DairyNZ Ltd	$238,000
Dairy farm ownership and management structures - succession in the dairy industry	FB30129	This research project investigates dairy farm ownership and management structures and their impact on business, wealth creation and careers in the dairy industry with the aim of assisting dairy farmers in making decisions on how best to structure their dairy farming businesses to achieve their goals and plan for succession. View Project Summary Report	AgResearch Ltd	$84,000
Dairy Statistics publication	FB10176	The New Zealand Dairy Statistics publication is produced by LIC on behalf of DairyNZ. It contains comprehensive information on the size and production of the New Zealand dairy industry. As a respected independent, single, trusted source of dairy industry data, it is used widely by people in a variety of dairy farming support industries.	LIC	$69,000
Needs analysis for financial training events	FB30119	This project seeks to understand and define the business cycle and its implication on the business learning needs of NZ Dairy Farmers. This information allows tailoring of tools and learning processes to make a real difference to improving farmers' ability to manage the financial aspects of their farm business. View Project Summary Report	AgResearch Ltd	$25,000
Benchmarking of Maori dairy farms	FB40010	To provide regional benchmark data of Taranaki Maori dairy farms' physical, financial and environmental performance for use in DairyBase and use by stakeholders for analysis and management of Maori dairy farms. This project leverages funding with the Sustainable Farming Fund. View Project Summary Report	PGG Wrightsons Ltd	$9,000