The following website pages summarise some of the present benchmarks for both Australia and New Zealand. The data is presented in the same form as a selection of the Red Sky Reports and this information can be retrieved in full by using the retrieve function within Red Sky Farm Performance Analysis.
Some of the presently available benchmarks are static benchmarks with the data provided via Dexcel ProfitWatch for New Zealand, Department of Primary Industry for Victoria (Australia), Department of Primary Industries, Water and Environment for Tasmania (Australia), and Western Australia Department of Agriculture. In the reports available directly from this website the New Zealand benchmarks include 4 columns of Red Sky data (denoted 'RS') and 2 columns of Dexcel ProfitWatch data (denoted 'Dx').
Although all data is marked as ‘Average’ or ‘Top 10%’, with the exception of the Dexcel ProfitWatch data the balance could reasonably be considered as coming from the top 50%-70% of farms and hence the Top 10% coming from the top 5%-7% of farms. The Tasmanian data may be the most selective in that it may reasonably be expected to have come from the higher performing farms. The Dexcel ProfitWatch data would be considered to be the most representative of an entire industry group.
Where data is denoted as 'Adj$' then milk price, feed costs and water costs have been adjusted to medium term averages to remove significant anomalies in these key areas. This results in the data being more relevant for comparing across years and between districts/countries, but not necessarily representative of actual performance in that year.
The vast majority of the New Zealand sheep and beef data has been provided by Baker & Associates of Masterton. The Victorian (Australia) South West sheep, beef and cropping data is sourced from the Department of Primary Industry (DPI) and was collected as part of their Farm Monitor Project.
Further benchmark data will be displayed on this website in the future.