Performance Against Targets
The Dairy Plan is designed to help make substantial, measurable impacts on profit, business confidence, and industry unity.
The five year plan (2020 - 2025) aims to strengthen outcomes for both dairy farmers and dairy processors.
Where possible, we aim to benchmark and quantify the plans performance against measurable targets.
Target by 2025:
>50% of farms achieve a profit of at least $1.50 EBIT/kgMS (average over five years)
Latest result:
For the 2022/23 period, 90% of farmers achieved the profit target. This results in a 5 year rolling average of 60%, an increase from the 46% rolling average from the previous period.
Target by 2025:
>75% of farmers and >75% of processors are confident about the future of the industry.
Latest result:
In March 2023, 67% of farmers were positive about the future of the industry (compared to 68% in 2022, 64% in 2021 and 44% in 2020). In Oct 2021, 75% of processors were confident, but by November 2022, that number had fallen to 23%.
Target by 2025:
>75% of farmers and >75% of processors are positive about industry unity.
Latest result:
In March 2023,53% of farmers agreed that “for the issues that matter to me, the industry acts in a unified manner”. This compares to March 2022 when the figure was 48% and 34% in March 2020.
In January 2024 processors’ positivity about industry unity rose to 17% compared to 8% in November 2022.
* Farmer and processor confidence and unity measures are assessed through industry surveys. Farm profitability measures are determined via the Dairy Farm Monitor Program.