New Dairy Accounts Tool Released07 December 2012
NEW ZEALAND - DairyNZ recently announced major changes to its DairyBase system, which is seeing the tool gain further uptake amongst dairy farmers.
Nearly 2000 dairy farms are now registered in DairyBase, which the industry good organisation launched in 2006.
DairyBase manager, Dr Adam Barker, says over the last few years, DairyBase has really come into its own with farmers gaining huge value from the system.
“The changes we’ve recently made to DairyBase provide simpler ways to analyse and understand a farm’s performance with the addition of easy-to-read graphs and charts and a new, cut-down analysis,” says Adam.
“We’re helping farmers analyse operational farm performance without the complexity of the entire balance sheet. The new additions to the system mean farmers can quickly pinpoint areas of good and poor financial performance including profit per hectare, liabilities and cash flow.”
DairyBase helps farmers analyse the resources they have and the way they are using them. By way of benchmarking, it also compares the use of resources with other farm businesses. It is available to all dairy farmers through levy-funding.
Morrinsville farmer Brendon Van Vugt has been using DairyBase for three years. Brendon is an owner/operator milking 570 cows on 170 hectares between Gordonton and Morrinsville. He started using the DairyBase profitability analysis on advice from his accountant, Nigel McWilliam of Diprose Miller.
Brendon told Dari NZ he has used other systems that tried to do the same thing but, unlike DairyBase, they were really complicated.
“DairyBase recognises that financials aren’t a farmer’s core business - and that’s why a lot of farmers don’t bother with these types of systems. But, the new graphs and charts are really visual, simple and easy to understand.”
TheCattleSite News Desk