Red Sky Farm Performance Analysis (Red Sky) provides answers to the essential questions dairy, sheep and beef farmers ask everyday. In the one package Red Sky:
In addition, the Cash Flow function provides a rapid appraisal of financing requirements and will ensure that the reports can be used for a loan proposal or annual bank report. Should you have other livestock outside the main groupings, grow crops or have other investments, then Red Sky will also analyse the performance of these assets.
So if you have asked yourself any of the following questions then Red Sky has been designed for you;
The mix of both financial and physical measurement is the key to analysing business performance and designing business plans. Along with producing ratios that determine return on assets as well as equity, there are ratios that determine debt level and equity growth, cash movement and degree of risk. On the physical side there are ratios that describe animal performance as well as calculations of pasture harvested per hectare and feed costs split between pasture, forages and concentrates. There are also a number of staff ratios that indicate level of performance in this area.
Red Sky Farm Performance Analysis has two important ways to share information that increases the flexibility of the software.
Firstly there is the facility for a farmer, consultant and accountant to all assist with the entry of data. Once the primary user of Red Sky has set up a farm file with a unique Login Name and Password, then if this is provided to another party then this other party can download the file from the website and continue to enter data. As a result a consultant could set up a farm file and potentially have the farm accountant complete the accounts entry and then the farmer complete the livestock and feed entry. All three parties could then potentially use Red Sky to complete further work on that farm business and all for the cost of a single license fee.
The second facility for sharing information involves the situation where a number of users wish to form a group and share their information. They could then appoint a coordinator of the group who would set up the group name through the dial-up web connection, and then each of the participants could apply to join the group. The coordinator could then view all the participants’ information, manipulate the data if this were desirable and then print the data for in-house use or discussion group applications. Benchmarks will then be automatically generated for this group just as they are for the entire database. Again there is no additional cost to this facility as the only requirement is that each farm has paid for a single license and that this has not expired.