The Dairy Farm Monitor Project (DFMP) provides profitability and productivity data for a range of farms across WA. It allows farmers to compare their performance against other farms, and identify areas for improvement.
This is the third year of the Dairy Farm Monitor Project in Western Australia. In 2015−16 the data from 28 farms in WA resulted in average whole farm earnings before interest and tax (EBIT) of $617,059, a slight decrease on the previous year’s $641,083. All participants achieved positive return on assets averaging 6.6% compared with last year’s 6.7%. Average milk price of $7.22/kg MS (52.2 c/l) was a 2% increase from last year’s price of $7.07/kg MS (51.1 c/l), while the average kg milk solids sold also increased from the previous year.