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Holmes Sackett Farm Benchmarking

Identifying your potential farm profit 

Holmes Sackett benchmarks more agricultural businesses than any other firm in eastern Australia. With over 18 years of production and financial data across different regions, Holmes Sackett sets the standard for industry benchmarks.

Benchmarking brings objectivity to the analysis of performance, and identifies the strengths and weaknesses of the business. The value of benchmarking is in providing the basis for good decision making to achieve additional profit. Substantial increases in profit (>$50,000) are readily attainable.

Click here to register for Holmes Sackett Benchmarking

(please download this PDF onto your computer to enable electronic registration and emailing)


HOLMES SACKETT BENCHMARKING INPUT FORM

(please download the input form to your computer to begin your benchmarking input)

REGISTER FOR BENCHMARKING AND INCREASE YOUR FARM PROFIT!

What is benchmarking?

Holmes Sackett farm benchmarking analyses the base productivity of each individual farm enterprise as well as the business on a whole. Individual farm benchmarking results and their financial consequences are compared to the results of other farms ranked into average and top 20%.

There are two ways to benchmark your farm business:

  • Standard benchmarking - analyses past business performance
  • Benchmarking the budget - analyses potential future business performance

 Benchmarking can be completed on a:

  • Calendar year (January to December)
  • Production year (April to March)
  • Financial year (July to June)

To complete the benchmarking process you will need:

  • Paddock records
  • Accounting reports
  • Livestock receipts

Additional time will be necessary for first time benchmarkers as the processes and requirements will be unfamiliar.

As a participant you will receive:

  • Farm business management report - compare whole farm and individual enterprise performance to the standard benchmarks.
  • AgInsights – analysis of collective data, summarising key issues, and explaining differences between top 20% and the remainder of producers.
  • Access to an interpretation service – engage Holmes Sackett agricultural consultants to help interpret results and develop strategies to improve profitability.

Holmes Sackett understands that the information provided is commercially sensitive and has developed a protocol to prevent identification of individual farm businesses.

Standard Farm Benchmarking

Identifying opportunities from past performance

Standard benchmarking analyses the productivity of the whole farm business and individual enterprises within the farm. The results and their financial consequences are co...

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Budget Farm Benchmarking

Realising opportunities through effective planning

Benchmarking the budget enables you to submit your budget through the benchmarking input forms. You then receive your budget back in a benchmark format and incorporate...

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Farm Group Benchmarking

Collective wisdom

Joining or starting a benchmarking group is a great way to improve the relevance of benchmarks. Comparison to farms in the same geographic area allows more of the noise generated by variation in rainf...

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Farm Benchmarking FAQS

Why should I benchmark my farm business?

Farm benchmarking will help you achieve high levels of profitability, sustainably over time. By identifying what the best producers are achieving from similar farms, benchmarki...

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