Measuring progress on your farm with KPIs and benchmarking | Beef + Lamb New Zealand

Measuring progress on your farm with KPIs and benchmarking

The Red Meat Profit Partnership (RMPP) recently launched a revised set of online financial KPI calculators. Benchmarking has now been added so you can compare your farm business against other farms and farm classes in your region.
Thursday, 4 April 2019

This means you can build up a detailed picture of the areas of your farm business that are performing well and those areas that are not. 

The KPI calculators give you the opportunity to come back in a year or two, run the numbers again and measure your performance gain.

You can also enter data for previous years, which will give you an indication of how your business has performed over this time.

Farmers can use the detailed data entry method to gain insights into where revenue comes from and the costs incurred to generate this.

You can access the KPI calculators by logging onto your account via the B+LNZ website.  Follow these simple instructions:

  1. Go to My Dashboard.
  2. Select Go to financial KPIs.
  3. Select Totals only data entry method, add the three figures from last year’s accounts to get a quick check on how you compare across four key financial measures with other farm businesses and farm classes within region.