Unit­ing sta­tis­tics im­proves re­port

Matamata Chronicle - - Rural Delivery -

Coop­erAitken, a Mor­rinsville and Mata­mata based ac­coun­tancy firm, has for some time been pro­duc­ing yearly dairy sta­tis­tics for its clients.

This year the sta­tis­tics are big­ger and bet­ter.

‘‘We joined forces with DairyBase, which has the Na­tional Farm Busi­ness Data­base, so our com­bined sta­tis­tics pro­vide a much bet­ter un­der­stand­ing of our client’s dairy farm­ing busi­ness,’’ Trevor Cooper said.

This year the re­ports are eas­ier to un­der­stand and more vis­ually ap­peal­ing.

‘‘These re­ports will help farm­ers com­pare what is hap­pen­ing on their farm with the group’s av­er­ages. This will give our clients and farm­ers in the Waikato a re­ally good in­di­ca­tor of where they could make changes to im­prove prof­itabil­ity,’’ Mr Cooper said.

There are three re­ports – Farm own­ers, Sharemilk­ers and Own­ers with Sharemilk­ers.

‘‘It’s amaz­ing the dif­fer­ences that come up. For ex­am­ple, feed costs al­most dou­bled for own­ers with sharemilk­ers and con­tin­ued to in­crease for farm own­ers but re­duced for sharemilk­ers, in fact all ma­jor ex­penses were down for Sharemilk­ers,’’ Mr Cooper said. ‘‘Over­all the sta­tis­tics are telling us that dairy farm­ing is more prof­itable in 2010 com­pared to 2009 but we are not back to the 2008 profit lev­els. For sharemilk­ers op­er­at­ing profit al­most dou­bled from 2009.’’

He said to­tal op­er­at­ing ex­penses had been con­sis­tent over the last three years across the groups.

The re­port’s first sec­tion has a clear over­view of the av­er­ages for the dairy area, num­ber of cows, labour units and pro­duc­tion.

Var­i­ous ra­tios are cal­cu­lated show­ing milk pro­duc­tion per cow and per hectare.

‘‘ Milk pro­duc­tion for farm own­ers has in­creased per hectare, pro­duc­tion per cow has in­creased for farm own­ers with sharemilk­ers even though their stock­ing rates were main­tained. And for sharemilk­ers pro­duc­tion has re­mained steady from 2009,’’ Mr Cooper said.

Like­wise op­er­at­ing ex­penses are shown per kilo­gram per milk solids and per hectare. Graphs il­lus­trate the ma­jor ex­penses, with de­tailed fi­nan­cial break­downs at the back.

Mr Cooper said he re­ally liked the, What drives op­er­at­ing profit per hectare.

‘‘The il­lus­tra­tion gives a very clear pic­ture of where the rev­enue is com­ing from and how the op­er­at­ing ex­penses are made up, giv­ing the op­er­at­ing profit. We have then shown the in­ter­est to give an av­er­age net profit,’’ he said.

Coop­erAitken is also of­fer­ing its clients a per­son­alised re­port. This would bench­mark ac­tual farm numbers against the group; pow­er­ful in­for­ma­tion show­ing where the farm is out­per­form­ing oth­ers and ar­eas where im­prove­ments can be made to in­crease prof­itabil­ity.

To view the re­ports go to www.coop­eraitken. co. nz/ Ser­vices/ Tax­a­tion/ DairyFarm­ing-Group-Av­er­ages Or call perAitken on 07 889 7153


Trevor Cooper

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