Benchmark your farm

Thu, 01 Jan 1970 17:12:00 +1200

We are now able to offer a full benchmarking service for our farmers and other rural clients. 'Dairy Base' is a data base of financial information which accountants are able to access and use to benchmark clients own financial results against others in the industry. DairyBase Ltd was formed in early 2006 to govern and represent the dairy industry's interests and involvement in the collection and management of dairy farm business data. The DairyBase Board consists of representatives from the following groups:

Dairy Insight
Dexcel
Dairy farmers
New Zealand Institute of Chartered Accountants (NZICA)
NZ Institute of Primary Industry Management (NZIPIM)

Starting in 2003, the development of DairyBase has been a collaborative effort from the New Zealand Dairy industry. As well as the organisations mentioned above, input was provided from representatives from Massey University and Fonterra. A large part of this development has been to standardise physical and financial reporting and calculations – terms like Return on Assets (ROA) and Economic Farm Surplus (EFS). The DairyBase database is funded by New Zealand dairy farmers through Dairy InSight and available for use by farm business owners and their accredited Rural Professionals.The DairyBase software and intellectual property is owned by Dairy Insight and managed under contract by Dexcel Ltd. More information on Dairy Base Contact us re Dairy Base

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Benchmark your farm