Key Performance Indicators

Published 4 February 19

To help improve farmers' competitiveness, we have created a clear set of measures and targets so they can benchmark their performance and identify areas for improvement.

The measures are broken down into two areas:

  • Enterprise key performance indicators which highlight the six key areas for both all year round (AYR) and block calving systems which are crucial to delivering the financial performance required
  • Three key business measures that every business should know, understand and benchmark their performance against.

The measures are set out in the tables below and show what excellent, good and average operators are currently achieving using industry data from the top 5% and 25% as well as average performers.

Farmers can also access an online calculator to enter their own figures and see how they perform and highlight focus areas.

Definitions for each of the KPIs can be found in the menu on the left.

KPI Current Industry Performance:

Enterprise KPIs

BLOCK CALVING SYSTEMS 

Key Performance Indicators

Excellent performance

Good performance

Average performance

Cows & heifers calved within the first 6 weeks 

>90%

80%

70%

Herd replacement rate

<20%

22%

26%

Milk solids output per hectare (kg MS/ha)

>1,500kg/ha

1,250kg/ha

1,100kg/ha

Milk from forage (litres) and (solids)

>5,000 litres

(427kg)

4,000 litres

(342kg)

2,750 litres

(235kg)

Overheads (excluding rent & finance) (ppl)

9ppl

10.5ppl

12.5ppl

Genetic merit

5th percentile

25th percentile

50th percentile

 

ALL YEAR ROUND CALVING 

Key Performance Indicators

Excellent performance

Good performance

Average performance

Pregnancy rate (%)

>25%

20%

14%

Age at first calving (months)

23 months (but not less than 22 months)

24 months

27.5 months

Total purchased feed costs (ppl)

8,000l - 7ppl

10,000l - 7.8ppl

12,000 - 8ppl

8,000l - 7.5ppl

10,000l - 8.5ppl

12,000 - 8ppl

8,000l - 8ppl

10,000l - 9ppl

12,000 - 9.5ppl

Average daily lifetime yield (litres/day)

>19 litres

14.5 litres

12.5 litres

Overheads (excluding rent & finance) (ppl)

9ppl

10.5ppl

12.5ppl

Genetic merit

5th percentile

25th percentile

50th percentile


Business Financial Measures

GENERIC FINANCIAL MEASURES 

Key Performance Indicators

Excellent performance

Good performance

Average performance

Full economic cost of production (ppl)

AYR<27.5ppl

Block <24ppl

30ppl

34.5ppl

Return on tenants-type capital (%)

>20%

14%

3%

Full economic net margin (ppl)

7ppl

2ppl

-3ppl