NSW Dairy Farm Monitor 2023 2024
19 December 2024
The 2023-24 NSW Dairy Farm Monitor Project (DFMP) revealed another year of above-average profitability for participating dairy farms, despite significant challenges.
The DFMP, which collects high-quality, unbiased physical and financial data, provides valuable insights into the industry. This year, average Earnings Before Interest and Tax (EBIT) declined 24% to $2.12/kgMS compared to the previous year yet remained above the long-term average of $1.36/kgMS for the fourth consecutive year.
Key Drivers of Performance