News

  • Tom Farran on DairyBase - podcast

    Northern Victoria Farm Consultant, Tom Farran, talks about online farm business management tool  DairyBase and how it can help farmers improve their farm business performance.

     

  • Nicola Shadbolt on DairyBase - podcast

    Massey University (NZ) Professor in Farm and AgriBusiness Management, Nicola Shadbolt, talks about how DairyBase has impacted the New Zealand dairy industry and the benefits for Australian farmers using the online FBM tool.

     

  • Benefits for farmers from new dairy industry Standard Chart of Accounts

    Benefits for farmers from new dairy industry Standard Chart of Accounts

    • Helps farmers allocate costs, extract management value and make more informed business decisions

    • Categories aligned with DairyBase and Dairy Farm Monitor Project

    • Assists in building better farm budgets



  • DFMP 2014/15 data available

    DFMP 2014/15 data available

    The Dairy Farm Monitor Project (DFMP) provides a comprehensive financial and physical analysis of approximately 200 dairy farms across Australia. 

    Dairy Farm Monitor Project (DFMP) participants from all dairy regions who have registered as a DairyBase user can access their data within DairyBase by emailing dairybasesupport@dairyaustralia.com.au

    DFMP data from the previous four years will be available.

    Data from 2014/15 for Victoria, South Australia and New South Wales has recently been uploaded and is ready to use.



  • Learn more about DairyBase and your business

    Learn more about DairyBase and your business

    Dairy farmers in all regions can now access face-to-face DairyBase information and training via Dairy Australia support.

    Through Dairy Australia’s Regional Development Programs, farmer groups can learn more about the online farm business management tool DairyBase and how it can be used to measure and analyse farm performance.

    The groups can be either a current discussion group or simply a group of farmers who want to learn about DairyBase. Funding is also available for DairyBase sessions at conferences or focus groups where farmers are present.

    Dairy farmer, Mark Billing, recently hosted a DairyBase introduction session with his discussion group at Colac in Victoria. He hopes more farmers around Australia will get to grips with their farm business management by using the new online tool.

    “It’s true what they say – you can’t manage it until you measure it. I think DairyBase will play a huge role in the industry. Quite simply, it helps farmers figure out what makes their business tick,” he said.

    “It’s also fairly easy-to-use and intuitive with pop-ups to guide you when you are entering your data.”

    Initially there are two levels of opportunity for groups of farmers to be introduced to the use of DairyBase that will meet the needs of most groups:

    • Option 1 – Introduction to DairyBase – 1-2 hours

    • Option 2 – Introduction to Farm Performance Analysis – 2-4 hours

    Both options have the flexibility to be adapted to meet the requirements of groups. For Option 2 groups can elect to use generic farm data from DairyBase or real data from the group.

    Get in touch with your regional DairyBase contact today to get started.  

  • New dairy industry Standard Chart of Accounts available

    New dairy industry Standard Chart of Accounts available

    Dairy farmers will now be able to extract greater value from the bookkeeping/accounting process and make better informed business decisions with the launch of a new Standard Chart of Accounts for the dairy industry.

    Developed by Dairy Australia in response to requests from farmers and service providers, the Standard Chart of Accounts will also drive consistency in how the dairy industry reports and discusses farm business performance.

    Dairy Australia’s Farm Business Capability Program Manager, Neil Lane, said the Standard Chart of Accounts enables dairy farmers to manage the flow of financial information through their business and establish an efficient system for paying bills and complying with Australian tax regulations.

    By following the Standard Chart of Accounts concept farmers are more able to extract ‘management’ information about their farm business without compromising the bookkeeping and tax compliance requirements of the business, he said.

    When coupled with the following key physical data the farm manager has the key information required to construct management accounts:

    • Milk sales – litres, kg butterfat, kg protein

    • Livestock sales -  no. of head sold or purchased

    • Concentrates – tonnes purchased

    • Fertiliser – tonnes purchased and nutrient composition

    “So with correctly categorized expenditure and key physical information farmers and their advisors are able to move seamlessly into constructing monthly cashflow, completing a DairyBase analysis or show the impact on a changing milk or purchased feed price,” Mr Lane said.

    “The management accounts enable farmers to complete end of year and comparative analysis on their business by ensuring a consistent approach to the allocation of financial information and financial terminology used within the dairy industry. It will also enable conversion to a regular cashflow and could be utilised for budgeting within businesses,” he said.

    The new Standard Chart of Accounts is based on previous work including the Financial Records Guide for Dairy Farms from Murray Dairy and the Dairy Farm Monitor Project (DFMP) from the Department of Economic Development, Jobs, Transport and Resources (DEDJTR). The launch of DairyBase, the industry’s new online farm business management tool, also prompted a review of farm business management terminology.

    Mr Lane said the Standard Chart of Accounts had not been established as a rigid tool to prescribe the exact setup of farm accounts on all dairy farms, but a guide for farmers to keep financial records. If used correctly, it will give consistency in record keeping, he said.

    As well as providing farmers with data to make informed financial and farm management decisions, the Standard Chart of Accounts will also allow farmers to effectively compare their business with others.

    “The use of comparative analysis by some sectors of the dairy industry is more accurate if each business doing the comparisons have put their income and expenses in the same category in their financial recording system,” Mr Lane said.

    To find the new chart of new accounts go to http://www.dairybase.com.au/using-dairybase/chart-of-accounts

  • Your Regional DairyBase Contacts

    Your Regional DairyBase Contacts

    DairyBase support is available in all dairy regions through Dairy Australia’s Regional Development Programs (RDPs) with a dedicated contact to help you find out about information, training and upcoming DairyBase events.

    Contacts:

    WestVic:  Laurie Hickey T: 0439 833 484 E: LHickey@dairyaustralia.com.au  
    or Ian Linley T: 0422 814 579 E: ILinley@dairyaustralia.com.au

    DairySA: Penny Schulz T: 08 8766 0127 E: penny@dairysa.com.au

    Murray Dairy: Ross Read T: 0438 906 613 E: RRead@murraydairy.com.au

    DairyNSW: Sheena Carter T: 0427 434 412 E: SCarter@dairyaustralia.com.au 
    or Roxanne Cooley T: 0412 825 466 E: RCooley@dairyaustralia.com.au 

    DairyTas: Liz Mann T: 0428 121 655 E: LMann@dairyaustralia.com.au 
    or Jacki Langton T: 6432 2233 E: admin@dairyaustralia.com.au

    GippsDairy: Tony Platt T: 047 7440 339 E: TPlatt@dairyaustralia.com.au

    Subtropical Dairy: Belinda Haddow T: 0423 003 638 E: Belinda@dairyinfo.biz

    Western Dairy: John Lucey T: 0477 874 593 E: luceyconsulting@blackwoodvalley.com.au