Farm Business Management
Farm Business Management skills are integral to running a good dairy business. DairySA and Dairy Australia support programs in this area to assist dairy farmers and their advisers to focus on the profit performance of their farm business.
Projects in this area help dairy farmers better understand their costs and income base, and the costs and risks associated with adapting farming systems under increasingly variable climatic conditions.
Taking Stock
The Taking Stock tool has been developed to help you assess the current financial and physical health of your dairy farm business.
It will help you:
- Manage your budget
- Calculate your pasture consumption
- Manage your balance sheet
- Manage your people costs
- Better understand your business performance
- Create an action plan
As Dairy Australia initiative, the Taking Stock tool was originally developed in 2004 for use by the whole industry, and has evolved from a spreadsheet tool to a comprehensive process that helps farm families review all aspects of their farm businesses and develop an action plan. You can download the Taking Stock tool here.