Previous annual reports
- NSW Dairy Farm Monitor Project 2016/17 Annual Report
- NSW Dairy Farm Monitor Project 2015/16 Annual Report
The Dairy Farm Monitor Project provides a comprehensive physical and financial analysis for farms across Australia. The information will help you compare your performance and identify areas for improvement.
This scheme provides a comprehensive physical and financial analysis for farms across Australia.
Reports are used by industry and government to inform policy and service delivery to generate economic growth. Farmers can compare their performance and identify areas for improvement. While the data presents results and trends, these need to be interpreted carefully as participant farms may not be representative of the industry and not all farms participate every year.
The data collected through the Dairy Farm Monitor Project is now stored in DairyBase and provides the high quality data that allows for comparison of farms, which can be used to identify areas for improvement.
NSW Dairy Farm Monitor Project 2017/18 Annual Report (PDF, 2.5 MB)
For an overview of the report, check out the NSW Dairy Farm Monitor Project 2017/8 Infographic.
In 2017-18 data collected and analysed from 32 farms across New South Wales revealed that farm business profit decreased to the lowest level in the seven year life of the project.
Although milk prices increased by 5%, feed costs increased by 19% on average, due mainly to the impact of the widespread drought in NSW.
Rainfall was very much below average across all regions of NSW and combined with record warm temperatures made for a very difficult season for dairy farmers.
The QDAS was established to improve the understanding of business principles among advisors and dairy farmers by providing farm management accounting and analysis. It also examines the business traits of profitability, solvency and efficiency while helping dairy farmers make informed business decisions.
Data is collected and processed between August and November and supervised by the Department of Agriculture, Fisheries and Forestry.
Farmer participation is voluntary and free. Results and trends need to be interpreted carefully as QDAS farms have larger herds and produce more milk per farm than the Queensland average.
Simply contact Ray Murphy, DAFF Toowoomba Ray.Murphy@daff.qld.gov.au
There is no charge for the service, and all individual records and reports are confidential.
All cooperators in QDAS use on-farm computers to collate monthly accounts, produce Business Activity Statements (BAS) and/or provide compiled data for taxation preparation. Co-operating farmers use a coding system that is compatible with all these statements and uses.
For further information contact:
Senior Scientist (Dairy Farm Business Management)
Queensland Department of Agriculture, Fisheries and Forestry
PO Box 102
TOOWOOMBA Q 4350
Phone: 07 4688 1094
This is the sixth year of the Dairy Farm Monitor Project in South Australia. In 2017–18, the data from 19 participant farms in South Australia demonstrated a rise in average whole farm earnings before interest and tax (EBIT) to $294,920 from $201,057 the previous year. Return on total assets increased to 4.3% from 3.1% last year, with a net farm income of $174,240 up from $101,358, resulting in a return on equity rising to 4.1% compared to last year's 2.1%.
This is the fourth year of the Dairy Farm Monitor Project in Tasmania. In 2016–17, the whole farm earnings before interest and tax (EBIT) from 36 participant farms in Tasmania rose to $276,098, a 12% increase on 2015–16. This was on the back of the sudden milk price decrease towards the end of 2015–16 ($5.55/kg MS) and a further decrease to $5.03/kg MS. Return on assets decreased to 3.7% and net farm income increased to $153,967 resulting in return on equity rising to 1.9% compared to last year’s 0.8%.
A comprehensive financial and production analysis of 75 dairy farms spread evenly across three dairy regions - South West, Gippsland and northern Victoria.
Across Victoria, average profit in 2017-18 was the fifth lowest recorded over the 12 year history of the project and reflects the challenging seasonal conditions despite improved milk price. Return on total assets remained constant at 2.5% year-on-year across the state on average. However, there was notable variation between the regions.
For previous year annual reports visit AgVic - DFMP: agriculture.vic.gov.au/dairyfarmmonitor
This is the fourth year of the Dairy Farm Monitor Project in Western Australia. In 2016–17 the data from 26 farms in WA resulted in average whole farm earnings before interest and tax (EBIT) of $565,416, an 8% decrease on the previous year’s $617,059. Participants achieved positive return on assets averaging 6.7%, similar to last year. The average milk price received was $7.05/kg MS (51.4 c/l), a 2% decrease from last year.
Dairy Feed Tools is a complete feed management toolset for dairy farmers and managers. Feed planning, cost and resource management backed by Australian feed and pasture data to most accurately reflect the needs of your herd
The hay and grain report is commissioned by Dairy Australia to provide an independent and timely assessment of hay and grain markets in each dairying region. The report is updated 40 weeks per year.