ANZ, DairyNZ partner on financial farm benchmarking
The scheme encourages farmers to develop business plans based on an evaluation and benchmarking of financial performance.
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BUSINESSDESK: DairyNZ is partnering with Australia & New Zealand Banking Group to boost the financial performance of dairy farms.
Under a memorandum of understanding, DairyNZ’s business performance analysis tool, DairyBase, will be available to ANZ Bank economists and agri managers when working with farmers, they said in a statement.
DairyBase consolidates the financial results from more than 1800 farmers, allowing like-with-like comparisons.
Some 41% of dairy farmers use benchmarking.
“As farmers look to ways of becoming more productive, effective business management and planning hold the opportunity to realise the large potential profit left on the table each year,” ANZ head of agri and strategy Ross Verry said.
The MOU has a five-year term and encourages farmers to develop business plans based on an evaluation and benchmarking of financial performance.
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ANZ, DairyNZ partner on financial farm benchmarking
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