Interested in farm benchmarking, but not sure how to get started? Want to benchmark your family farm, your farm business, or your agribusiness? Start here – we provide resources, information and much more on what is benchmarking, its benefits and its limitations.
Farm benchmarking or comparative analysis involves understand your performance and profitability over time and how that compares to other like-businesses. This can be done at a whole farm level or an individual enterprise level and can help to identify gaps and opportunities in your operation.
What is benchmarking? This is what the experts have to say:
Perhaps the simplest one-phrase response to the definition (of benchmarking) would include reference to ‘learning from others’ :….learning something new and bringing new ideas into the (business) (Spendolini 1992) (Ronan and Cleary).
This toolkit provides benchmarking data, factsheets and templates across general farm performance, beef, dairy, cropping, cotton and sheep.
As a producer and a person who’s committed to learning, growing and contributing within the Australian agricultural sector, there’s a heap of valuable resources available to me online but they’re all over the place.
In essence, Farm Table will package all of those ‘tools’ into one ‘toolbox’ for me, saving me a huge amount of time and frustration.
I’ll be able to tailor my Farm Table profile to my specific needs and interests, giving me access to really pertinent information.
Tom Heggaton, Farm Manager, Galong
It can be a bit overwhelming when looking for a particular information source on the internet, and I personally view The Farm Table as a great resource that does the hard work for me!
The ability to have a one stop central site that previews and accumulates similar groups of data and information is hugely beneficial and makes my life easier.
Aimee Snowden, Farmer, Tocumwal
The Farm Table will save so much time; to have all the information in one reputable place and to know where to start looking rather than endless searching is an asset to the whole sector.
I am so excited for the new look Farm Table. I can already see huge advantages and know it will have a positive impact on our business.