Much has been written in recent years about the increase in the level of rural debt, rising cost of production, more variable milk price and relatively static asset values. These factors drive the continuous need to stay focused on optimizing the profit from your business.
This is one in a series of field days designed to showcase highly profitable farm businesses that demonstrate good cost control and physical farm performance.
I have asked Lance Phillips to share their physical and financial farm performance and provide some insights into what they believe are key to their business success. Some key indicators for their farm are:
- 1,425kgMS/ha (system 3 farm)
- $3.43/kgMS cash working expenses
- $3.98/kgMS operating expense
Come along to hear more detail around how the Phillips’ achieve these results, or keep an eye out for an event near you.
Protect our industry - please arrive with clean boots to reduce the risk of spreading a disease, pest or weed