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.
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 fifth year of the Dairy Farm Monitor Project in South Australia. In 2016–17, the data from 15 participant farms in South Australia resulted in a rise in average whole farm earnings before interest and tax (EBIT) to $201,057, a 22% increase on 2015–16. Return on assets was stable at 3.1% with a net farm income of $101,358 resulting in a return on equity rising to 2.1% compared to last year’s negative 1.5%.
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.
In 2016-17 Victorian dairy farmers received record low milk prices in the eleven year history of the project. However good seasonal conditions and pasture growth allowed farmers to reduce purchased feed costs and offset the low milk price.
Farm profits improved in 2016-17 from 2015-16, but were still below the the long term average. State wide average whole farm earnings before interest and tax (EBIT) were $166,878, the fifth lowest in the history of the project. Sixty seven of the 75 participants (89%) achieved a positive return on assets. The state-wide return on assets was 2.5 per cent, compared to 0.6 per cent in 2015-16.
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.