For the last nineteen years, this firm has compiled detailed analysis of profitability and performance of our Wimmera broad acre cropping farm clients though in-house FarmBenchmarking. Five Year rolling averages for 17 Key Performance Indicators (KPIs) are monitored as part of the ongoing study.
Watts Price Accountants Benchmarking is a unique service to the Wimmera as Watts Price Accountants is the only Wimmera accounting firm specialising in Farm Profit analysis and appraisal. Such reporting is then made available to farm clients and rural service providers to assist with decision making in relation to land and plant purchases and finance thereof, leasing and sharefarming arrangements to name a few.
Our Farm Benchmarking will answer the following questions:
1. Do you know how well your farm is performing in general?
2. Is the land you are leasing viable/making you money?
3. Are you thinking of leasing land as opposed to buying more land?
4. How is your farm performing in comparison to farms in your area and other areas?
5. Would you like to know your farms’ strengths and weaknesses?
6. Which crops grown in your area are more profitable per hectare?
7. How can you improve your interest/financing costs?
8. Do you want a clear five year average picture of your farm performance as well as a comparison with other farms and the Top 20% of farms surveyed?
9. Would you like a clear concise report focusing on the future of your farming business?
10. Did you know that the Department of Agriculture, Fisheries and Forestry are offering a grant of up to $5,500 to help develop business plans and strategies that could incorporate answers to the above questions and more.
About Farm Benchmarking
Farm Benchmarks - The Next Step >
Farm Benchmark Documents
Explanatory Notes
Sample Benchmark Report 2005-2006
Farm Benchmarks Data Collection Sheet & Order Form 2005-06
Farm Benchmarks Data Collection Sheet & Order Form 2006-07
Farm Benchmarks Data Collection Sheet & Order Form 2007-08
Farm Benchmarks Data Collection Sheet & Order Form 2008-09
Farm Benchmarks Data Collection Sheet & Order Form 2009-10
Farm Benchmarks—Key Performance Indicators (KPIs)
