This Performance Report provides detailed information on Dairy Australia’s range of program investments on behalf of levy payers during 2019/20, which are focused on supporting the profitability and sustainability of dairy farming.
Last year Dairy Australia invested $55.3 million across 12 key program areas defined in our 2017–20 Strategic Plan. This report is designed to provide transparency around our funding allocations in these programs, along with key outputs and highlights. Also included are independent evaluations of a cross section of projects.
We hope to demonstrate the value that Dairy Australia provides to our industry not only through the dairy levy, but also in government matched funding for eligible research and development projects and co-investment from collaboration partners.
Key group-level performance metrics are also outlined across different aspects of our organisation including financial, people, stakeholder satisfaction, technology and infrastructure, and risk management.
This Performance Report serves as an accompanying document to our Annual Report 2019/20, which contains additional information on key achievements, people and corporate governance.
In October 2020 Dairy Australia launched a new five-year Strategic Plan which aligns with key commitments of the Australian Dairy Plan. Future Performance Reports will evaluate our activities in the seven priority areas of this strategy and supporting projects.
Dairy Australia's Evaluation Framework outlines the approach that Dairy Australia will take in monitoring the performance of its investments from initiation to completion.
Starting 2020/21, Dairy Australia has entered a new phase with the launch of the 2020-2025 strategy. This strategic plan sets out our priorities and outcomes to guide investment over the next five years.
Our revised evaluation framework will strengthen our ability to monitor and evaluate the outcomes achieved as a result of our investments. This will incorporate learnings from the previous evaluation framework and enhance the following aspects:
• Alignment with our new portfolio structure to allow better strategic focus.
• Metrics that cascade to be able to monitor from each strategic priority down to individual projects.
• Metrics that matter, with a greater focus on outcomes and lesser focus on activities.
• Further transparency, including quarterly publication of our performance summary.