The Monaro Farming Systems bench marking group formed in 2014 in collaboration with Tablelands Farming Systems and Sandy McEachern, Holmes & Sackett. The group is currently made up of 21 farm businesses (16 from the Monaro and 5 from the Southern Tablelands) and has a robust data set for the 13/14 financial year. Issues that have been explored in the past year include optimum stocking rates, enterprise mix, capital expenditure, labour efficiency, lowering costs of production (ie. shearing costs), real profit drivers, returns on investment calculations and pasture improvement strategies.
The bench marking opportunity allows you to explore the strengths and weaknesses of your business which leads to astute decision making to achieve additional profits whilst identifying areas for cost cutting and value-adding to your bottom line. MFS sees this project as a key focus area for years to come as the key performance indicators (KPI’s) for farm performance on the Monaro are not well established.
All Monaro farming entities are invited to join this group. The group is currently working on the analysis of the 14/15 financial year. Input sheets are generally required by August for the preceding financial year. Please contact Nancy (0438 066 322) if you would like to become involved or for more information.
“The bench marking group is a great motivator for keeping a business focus on our farming enterprise, it healthily challenges our assumptions within our enterprise, and Sandy facilitates fantastic peer discussion while adding his own industry insights.” John Murdoch, Undowah, Bibbenluke
“Great day and we are pretty excited about it” Kate Waldren, Nandawar, Kybeyan
“One of the things I got out of today was the discussion about what seems popular or getting publicity compared to where the real profit drivers are.” Max Stewart, Cumbamurra, Bombala
“Lots to take in, but I think the group could end up being incredibly beneficial.”