Farm profitability & productivity statistics
The Dairy Industry Farm Monitor Project (DIFMP) provides profitability and productivity data for a range of farms across Victoria.
It allows farmers to compare their performance against other farms, and identify areas for improvement. DIFMP is a joint initiative between the Department of Primary Industries and Dairy Australia, for more info, please contact DPIV.
Dairy Industry Farm Monitor 2010-11
This year has been a return to form for all VIC dairy regions. A strong opening milk price, followed by several step-ups boosted milk income significantly, and with the favourable seasonal conditions, the average earnings before interest and tax across the three regions rose to $1.73 per kilogram of milk solids sold, a 166% increase from 2009/10.
The 2010/11 feature article will look at 'does farm size matter' (available 31 October 2011).
Appendix
These tables are interactive versions of the appendix tables in the annual report. They enable assessment of farm financial and productive performance.
Previous annual reports
2009-10
It was a slow start for the industry, with lower milk prices limiting farm income. However, the results showed that more than 80 per cent of the 71 surveyed farms still made positive earnings before interest and tax (EBIT).
The year’s feature article focussed on the influence calving pattern had on cost of production, milk price received and overall business profitability. The article investigated the drivers behind adopting different calving patterns and the effect this calving pattern had on the production and profitability of the farm business.
2008-09
The drop in demand for Australian export dairy products combined with climate variability, low water allocations and previous high farm gate prices has had a financial impact on farm businesses.
The year's feature article examined the effect of this milk price drop on participant farms and the management strategies adopted by farm businesses to manage lower farm income.
2007-08
The future of dairying in Australia will see demand for resources such as land, water and labour increase. Farming will require more effective use of resources, including the on-farm people resources. Effective people management is a key to managing a thriving business, however, for some dairy farmers this is seen as a cloud of unknowns and red tape.