Dairy Farm Business Analysis (DFBA) online

Undertaking a farm business analysis will enable you to pull together meaningful financial and physical data about yourfarm that you can use to track performance over time and provide a solid base to make future decisions.

Dairy Farm Business Analysis Online has been designed for farmers and service providers who have a good understanding of the financial fundamentals of the farm and are ready to dig deeper into analysing and understanding the key drivers of their business.

What does Dairy Farm Business Analysis Online involve?

The program consists of six, weekly facilitated, online group sessions (each approximately 1 to 2 hours) accessed via Zoom. In between the online Zoom sessions, participants will undertakeself-paced learning with the guidance of short online modules accessed via Dairy Australia's Enlight learning platform. Zoom and Enlight are easy to use and accessible to anyone with a computer or tablet.

Who is delivering the program?

CameronSmith is aFarm Management Consultant for Farmanco Pty Ltd and will facilitate the course. Cam has been involved in the development of Dairy Farm Business Analysis online and has workedin the dairy industry for nearly 30 years.

What will you achieve through participation in Dairy Farm Business Analysis Online?

At the end of the program, participants will be able to:

• identify the types of information required to complete a farm business analysis
• differentiate and complete analysis components of a farm business (cash, profit and wealth) and identify why each view is unique
• use DairyBase to extract information to analyse a farm business
• populate DairyBase with your own farming business figures, leading to detailed analysis of the business
• recognise the law of diminishingmarginal returns and how it applies to a unique dairying system
• calculate the profit maximising level of an input and the required 'break even' output to various inputs
• identify and describe the benefits of risk vs reward for a farming system
• apply accrual accounting concepts to farm business invoices
• calculate cost of production for a farm business
• complete a farm business analysis using existing DairyBase information from two example farms