Check out some of the latest DairyBase benchmarks by region here.
How to use benchmarking data
There are several ways to work through a DairyBase benchmarking report - it just depends on business goals and what information is in the reports.
A benchmarking report is an ideal starting point for discussion with a consultant, accountant or banker to talk about the farm business. The impact of a report is magnified when it is discussed with an advisor.
For more information contact DairyBase.
Key performance indicators
DairyBase uses two types of KPIs when benchmarking - financial and physical.
Valid information
To ensure the information is statistically reliable and that individual data remains confidential a minimum of 20 farms must be entered for a benchmark group before statistics become available.
The greater the number in the sample, the more accurate the data will be.