Free benchmarking and profit assessment of your farm business
Sam Henty, Agriculture Victoria, Bendigo
The Livestock Farm Monitor Project (LFMP) estimates the economic performance of surveyed sheep and cattle farms by collecting detailed physical and financial farm information.
Agriculture Victoria is offering sheep and beef producers the opportunity to participate in this respected, rigorous and long-running benchmarking program.
Places are available for individual farms and farm discussion groups across Victoria for the 2019–20 LFMP. Participation is free, and all information is treated as highly confidential.
The LFMP data can help identify the critical physical and financial variables on your farm to inform decision making. By understanding where you are now, you can better estimate the impact of changes in the future.
Farmers who participated in the 2018–19 LFMP provided the following feedback on their experience in the project:
“Great opportunity to sit back and look at your figures with someone to talk over. Different input costs are surprising when we look at each one at the end of the financial year, otherwise the info just goes to the accountant, without looking closely at them. Important when industry look at costs of production from a trusted source”. (South West farmer)
“I used the LFMP individual farm report to go to the bank and help with extending a loan. It provided the bank with an independent report of my farm’s performance”.(Gippsland farmer)
For further information about getting involved, please contact Sam Henty on 0430 482 443 or firstname.lastname@example.org.