Benchmarking for Profit Brendon Tierney
Enterprise Mix Source: Planfarm Bankwest Benchmarks
A Little Maths... $ $ DSE = X WGHaDSEWGHa
Stocking Rate Source: Planfarm Bankwest Benchmarks
Stocking Rate Source: Planfarm Bankwest Benchmarks
Stocking Rate Optimise the balance between supply and demand. Supply side Seasonal influences Grazing cereals Perennials Demand side Flock structure Time of lambing
Margin Per DSE Source: Planfarm Bankwest Benchmarks
Margin Per DSE Source: Planfarm Bankwest Benchmarks
Business Goals/Objectives Set the direction for your business Must be SMART Specific Measurable Achievable Relevant Time constrained
Business Goals/Objectives “I want to improve the performance of my sheep flock” “I will increase the enterprise gross margin of my sheep flock by 30% over the next five years”
Strategy/Action Plan Know what your goal is Formulate a strategy/action plan Technical content from today Comprehensive plan First things first This plan is a checklist
Summary Mixed farming systems can be highly profitable. Stocking rate is the key driver of livestock profits – think “Optimum” Plan your progress
Benchmarking for Profit Brendon Tierney