Sharechat Logo

ANZ Bank, DairyNZ partner on financial benchmarking of dairy farms

Friday 29th June 2012

Text too small?

DairyNZ is partnering with Australia & New Zealand Banking Group to boost the financial performance of dairy farms.

Under a memorandum of understanding, DairyNZ’s business performance analysis tool, DairyBase, will be available to ANZ Bank economists and agri managers when working with farmers, they said in a statement.

DairyBase consolidates the financial results from more than 1,800 farmers, allowing like with like comparisons. Some 41% of dairy farmers currently use benchmarking.

“As farmers look to ways of becoming more productive, effective business management and planning hold the opportunity to realise the large potential profit left on the table each year,” Ross Verry, ANZ’s head of agri and strategy said in a statement. .

The MOU has a five year term and encourages farmers to develop business plans based on an evaluation and benchmarking of their businesses’ financial performance.

BusinessDesk.co.nz



  General Finance Advertising    

Comments from our readers

No comments yet

Add your comment:
Your name:
Your email:
Not displayed to the public
Comment:
Comments to Sharechat go through an approval process. Comments which are defamatory, abusive or in some way deemed inappropriate will not be approved. It is allowable to use some form of non-de-plume for your name, however we recommend real email addresses are used. Comments from free email addresses such as Gmail, Yahoo, Hotmail, etc may not be approved.

Related News:

October 3rd Morning Report
BRW - Bremworth Enters Into Scheme Implementation Agreement
October 2nd Morning Report
Devon Funds Morning Note - 2 October 2025
Meridian welcomes Government reforms
October 1st Morning Report
Heartland publishes Annual Report, Climate Report and NOM
SCL - Scales increases ownership of Australian Joint Ventures
Cooks Coffee Company Trading Update
September 30th Morning Report