News

Red Sky NEWS - December 2005


In this NEWS we discuss:

ACCLIPSE BENCHMARKIT/RED SKY SINGLE SOFTWARE SOLUTION

We are now into the testing phase of our new software solution that will provide accountants in New Zealand and Australia the ability to benchmark every business under their care in 10-20 minutes.  We have been running a little behind schedule, and this software will now be available in January.  The requirement to collect just 1 page of dairy data and 1-2 pages of sheep/beef data, plus the seamless integration with accountants’ primary software programs, will ensure that a benchmarking service will be substantially easier to deliver to farmers.  If you would like any further information on this then please contact us at feedback@redskyagri.com.

NEW ZEALAND 2004/05 DAIRY BENCHMARKS RELEASED

We have just released the first of our 2004/05 New Zealand benchmarks.  This benchmark covers the entire country and although we have previously had available ‘estimates’ of 2004/05 dairy farm performance, you can now see the actual results.  The impact of the more difficult weather patterns during the year are highlighted in the lower pasture harvest and increased costs, which eroded some of the benefit of the higher milk price.  For more information on our New Zealand benchmarks and the relevant login names please click here.

NEW ZEALAND 2004/05 SHEEP & BEEF and REGIONAL DAIRY BENCHMARKS DUE FOR RELEASE IN JANUARY

We now have sufficient farms in our database to produce 2004/05 New Zealand sheep & beef benchmarks, as well as regional dairy benchmarks for Waikato, Taranaki and Canterbury along with 50/50 sharemilker benchmarks.  These benchmarks will all be available in early January and will provide further opportunities for you to determine the present level of performance of properties in these districts.  It also appears likely that we will be in a position to produce benchmarks for Northland, Manawatu/Wairarapa and Southland in early 2006, although these will have a lower level of reliability than the other districts.

The accuracy and relevance of our sheep & beef benchmarks are in large measure due to the exceptional work of the team at Baker & Associates.  Please contact us at feedback@redskyagri.com if you would like any further information on these benchmarks.

AUSTRALIAN 2004/05 DAIRY and SHEEP & BEEF BENCHMARKS DUE FOR RELEASE FROM JANUARY

We now have sufficient farms in our database to produce 2004/05 Victorian dairy benchmarks (Gippsland, Northern Victoria and South-West) and these will all be available in early January.  We expect to have the 2004/05 Tasmanian dairy benchmarks available in February as the entrants in the Tasmanian Dairy Business of the Year are presently being processed through Red Sky.

We are also confident of having our first sheep & beef benchmarks available in February/March.  We have been working closely with Boyce Chartered Accountants and this has resulted in some significant improvements to our reporting and overall functionality, as well as underpinning some good growth in the number of farms in our database.  For more information on our Australian benchmarks and the relevant login names please click here.

SOUTH AFRICAN 2004/05 ‘DRAFT’ DAIRY BENCHMARKS AVAILABLE TO RED SKY USERS

We have produced our first South African dairy benchmarks based on the data already entered into Red Sky.  However we have not yet reached sufficient use in South Africa to justify the calculation of publishable benchmarks.   As a result these are presently only accessible to those people using Red Sky as we consider the reliability too low for us to make the results publicly available.  If you would like more information on any aspect of our business in South Africa then please contact us at feedback@redskyagri.com.

NEW METHODOLOGY FOR ANALYSING DAIRY BUSINESSES GAINING MOMENTUM

The complexity of pastoral livestock businesses is such that we continue to observe widely different methods and ratios being used to identify opportunities for improvement.  Within dairying there is a growing use of just 5-6 key profit drivers that are then used to identify the most significant opportunity to lift farm performance.  Filtering business analysis down to such a small number of ratios is allowing both farmers and rural professionals to gain a rapid appreciation of the position of the business, as well as where to focus their efforts for the following 12-18 months.

If you would like to read more about this methodology then two papers that I presented to the South African Large Herds Conference earlier this year may provide some useful background.  Copies of these papers are available from our website here (they are the first two articles listed).  In addition there are two example “score-sheets”, one for accountants here and another for consultants here that can be used to provide a visual ‘picture’ of business performance.  There are variants to these sheets for irrigated farms so please contact us at feedback@redskyagri.com if you would like to view these.

NEW VERSION LAUNCHED v4.1.70

We have recently launched a new version v4.1.70.  This version maintains our ongoing development work that is designed to make Red Sky faster and more intuitive to operate, while broadening its application.  As just one example, Red Sky now specifically produces the critical ratios relevant to a merino farmer as distinct to a crossbred sheep farmer.

If you would like further information on any matter relating to Red Sky then please contact us at feedback@redskyagri.com

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