PODCAST

The Business of Dairy

NSW DPI

The Business of Dairy podcast will look at aspects of management of dairy businesses from both within the farm gate and outside the farm gate, speaking to farmers and service providers with skills, information and knowledge of value to you and your business. We will bring to you monthly discussions on topics that will grow your knowledge and understanding of management areas that will drive strong farm business performance into the future. This series is brought to you by the NSW DPI Dairy Business Advisory Unit with funding and support from the Hunter Local Land Services.
Highest Profit in NSW Dairy Farm Monitor in 10 Years
This year marks the tenth year of the Dairy Farm Monitor Project in NSW and the most profitable we have seen in that period with an average operating profit or Earnings Before Interest and Tax of $2.07/kgMS which translated into a 4.9% RoTA. This project involves a detailed physical and financial analysis of dairying businesses in NSW and saw 41 farms participate this year, the highest number to date. Participating farms are anonymous and receive an individual farm report.The Department of Primary Industries manage this project in NSW with funding and support from Dairy Australia and this month we see Sheena in the hot seat being interviewed about some of the drivers behind the results by colleague Zita Ritchie who is a Dairy Development Officer based at Wollongbar in Northern NSW.Useful resources related to this podcast:NSW Dairy Farm Monitor Annual ReportsNSW DFMP Interactive ReportThe dairy business Report – Tocal DairyThis podcast is an initiative of the NSW DPI Dairy Business Advisory Unit – visit for further information and resources.It is brought to you in partnership the Hunter Local Land ServicesPlease share this podcast with your fellow farmers and colleagues and feel free to contact us with suggestions or comments via this email address thebusinessofdairy@gmail.comFurther NSW DPI Dairy channels to follow and subscribe to include;NSW DPI Dairy Facebook pageDPI Intensive Livestock Twitter feedNSW DPI Dairy NewsletterTranscript hereProduced by Video LiftThe information discussed in this podcast are for informative and educational purposes only and do not constitute advice.
Dec 31 2021
28 mins
Managing High Fertiliser Prices
Nitrogen fertiliser is a key input for pasture and fodder production in dairy businesses. In the last eight months we have seen urea prices increase on farm by around 80%. Is it too costly to keep applying with urea prices over $1000 per tonne? This month we are joined by Neil Moss, director and Senior Consultant with Scibus who consults to dairy and beef producers in NSW and interstate. We touch on some of the factors affecting pricing and availability of fertiliser and look at how the numbers stack up for applying urea to your pastures and maize crops. We also talk about some alternative sources of nutrients and provide some food for thought on future nitrogen use and pasture species to be considered on farm.Useful resources related to this podcast:Podcast - RaboResearch Food and Agribusiness – Buy Nitrogen Now or Wait? A Global View for those that are keen to understand more on drivers of the drivers behind the current fertiliser supply and demand situation.Dairy Australia’s Fert$mart Nitrogen Pocket GuideFertiliser for Pastures 2021 (Local Land Services publication) containing nutrient analysis of synthetic and organic material such as poultry litter, dairy effluent and dairy manure.The dairy business Report – Tocal Dairy. This podcast is an initiative of the NSW DPI Dairy Business Advisory UnitIt is brought to you in partnership the Hunter Local Land ServicesPlease share this podcast with your fellow farmers and colleagues and feel free to contact us with suggestions or comments via this email address thebusinessofdairy@gmail.comFurther NSW DPI Dairy channels to follow and subscribe to include;NSW DPI Dairy Facebook pageDPI Intensive Livestock Twitter feedNSW DPI Dairy NewsletterTranscript here Produced by Video LiftThe information discussed in this podcast are for informative and educational purposes only and do not constitute advice.
Nov 30 2021
34 mins
Are Automatic Milking Systems Profitable in Australia?
Commercially operating automatic milking systems (AMS) have been in Australia since 2001. While this system currently makes up less than 1% of the Australian dairy industry, positivity in the industry is currently seeing many farmers consider AMS as part of future investment in their businesses, with a number of farms installing them in the coming 12- 18mths. This month we speaking with two of the “Milking Edge” project team (Juan Gargiulo and Jessica Bell)  who have done excellent research into the profitability of AMS systems compared to conventional milking systems in our Australian pasture based environment and developed world leading, freely available learning modules and decision support tools for interested farmers and industry players to help them in their consideration, understanding and investment process.Useful resources related to this podcast:Online training modules and AMS Integrated Management Model (IMM) Register for the AMS Farm Showcase.This podcast is an initiative of the NSW DPI Dairy Business Advisory UnitIt is brought to you in partnership the Hunter Local Land ServicesPlease share this podcast with your fellow farmers and colleagues and feel free to contact us with suggestions or comments via this email address thebusinessofdairy@gmail.comFurther NSW DPI Dairy channels to follow and subscribe to include;NSW DPI Dairy Facebook pageDPI Intensive Livestock Twitter feedNSW DPI Dairy NewsletterAccess the show transcriptProduced by Video LiftThe information discussed in this podcast are for informative and educational purposes only and do not constitute advice.
Oct 31 2021
35 mins
Tocal Dairy Breeding & Herd Reproductive Performance with Year-Round Calving
Sep 30 2021
36 mins
Over-capitalisation – is my business at risk?
Aug 31 2021
26 mins
Lowering Total Feed Costs with Good Spring Pasture Management
Growing high quality feed and utilising it in the Spring period is a key opportunity to lower your total feed costs across the year. Agronomists, Josh Hack and Peter Beale talk about the importance of getting your ryegrass management right coming into the Spring period, the importance of nitrogen in growing this feed source and principles of good grazing management to capture your Spring surplus.Nitrogen is a key profit driver for milk production in a pasture based dairy system and even though we are currently seeing urea prices increase dramatically, Josh works through an example to show that it can still be cost effective to apply with typical dry matter response rates at this time of year and the price of alternate feed sources.Useful resources related to this podcast:·       Peter Beale’s article in the Hunter LLS Winter newsletter.·       Professor Richard Eckard’s, Dairy Australia YouTube clips o   Efficiency of Nitrogeno   Nitrogen grown pasture versus purchased feed o   Timing of Nitrogen Application ·       Josh Hack’s Grazing Management YouTube PlaylistA link to the FertSmart Nitrogen Pocket Guide on the Dairy Australia website.  This podcast is an initiative of the NSW DPI Dairy Business Advisory Unit – further information and resources are available hereIt is brought to you in partnership the Hunter Local Land Services Please share this podcast with your fellow farmers and colleagues and feel free to contact us with suggestions or comments via this email address thebusinessofdairy@gmail.comFurther NSW DPI Dairy channels to follow and subscribe to include;NSW DPI Dairy Facebook page DPI Intensive Livestock Twitter feedNSW DPI Dairy NewsletterAccess a transcript of this episode here Produced by Video LiftThe information discussed in this podcast are for informative and educational purposes only and do not constitute advice.
Jul 31 2021
27 mins
Is My Business on Track with Justin Walsh
In this episode, we talk to dairy farmer Justin Walsh about his business structure, resources and goals and how he uses his Dairy Farm Monitor Report to measure and monitor the farm’s annual physical and financial performance. Justin also talks about the importance of getting the daily decisions right on farm by calculating metrics like his margin over supplementary feed cost as ultimately it is good daily decisions that drive a profitable business performance at the end of the year.Justin, his wife Libby and their family have developed a strong profile in the NSW dairy industry in recent years having been a very successful Focus Farm with Dairy NSW. He talks about making sure that the business is set up to optimise the use of resources available to it – in their case, matching their calving pattern to their pasture growth curve, improving pasture utilisation on their dryland farm and the importance of this in a pasture based system more generally. This and other decisions on farm have improved pasture utilisation on the milking platform by 2 tonnes of dry matter per hectare over the last 4 years which is a great result on a dryland farm through some tough drought conditions. There has also been an improvement in cow efficiency with the herd now producing 1 kg milk solids per kilo of cow liveweight.The business has improved its profitability over the last 4 years from around $1.00/kgMS to over an impressive $3.50/kgMS in the 2019/20 financial year which translates to a Return on Total Assets Managed of over 6%. This is despite some incredibly high feed prices as a result of the recent drought conditions with their concentrate prices averaging $530/tDM for the 2019/20 financial year.A keen participant in the NSW Dairy Farm Monitor Project, we talk through some of the numbers in their business over the last 4 years, and also the other value that the report provides, such as enabling a strong and robust conversation with financiers and financial planners.Access the transcript of this episode hereTake a look at the NSW Dairy Farm Monitor Project and see past performance of the NSW dairy industry.For more info on the Tocal dairy and the business report visit the Tocal dairy’s Monthly Business ReportWatch Justin’s Dairy Research Foundation presentation “On Farm Settings to Control Risk and Drive Profit” from 2020.This podcast is an initiative of the NSW DPI Dairy Business Advisory UnitIt is brought to you in partnership the Hunter Local Land ServicesPlease share this podcast with your fellow farmers and colleagues and feel free to contact us with suggestions or comments via the following email address: thebusinessofdairy@gmail.comFurther NSW DPI Dairy channels to follow and subscribe to include;NSW DPI Dairy Facebook pageDPI Intensive Livestock Twitter feedNSW DPI Dairy NewsletterProduced by Video LiftThe information discussed in this podcast are for informative and educational purposes only and do not constitute advice.
Jun 30 2021
25 mins
The Magic and Metrics of Tocal Dairy
Matthew Brett, Manager of Tocal College’s dairy in the Hunter Valley region of NSW, talks about margin over feed costs, nitrogen feriliser use, and monthly milk production among other things. Learn about the dairy, its goals, the role it plays in educating the next generation of people who have a passion for and want to work within the dairy industry and be introduced to the Tocal Monthly Business Report.Tocal College has been training future generations of dairy industry employees every year since 1980 when the NSW Dairy Apprenticeship Scheme was originally introduced. It has developed and grown in an effort to be as representative as possible of a ‘typical’ NSW dairy business. Currently, approximately 2.5 million litres are produced annually from 280 – 300 milkers. The herd is mainly comprised of Holstein Friesians with some Aussie Reds and crossbreds, calving year-round in a pasture-based system.Matt Brett has been involved in dairying all his life having been raised on a dairy farm in northern NSW, share-farmed and managed large herd dairies before taking on the Dairy Manager role at Tocal 3 years ago. He gives an overview of the dairy, its operating system and resources and explains its key and important role as part of Tocal College, a registered training organisation.The value in measuring the performance of the business through participation in the NSW Dairy Farm Monitor Project is discussed and we introduce you to the monthly ‘Tocal Dairy Business report’, compiled by the NSW DPI Dairy Business Advisory Unit in conjunction with the Tocal Dairy Team. The report presents DAILY Margin Over Feed Cost and a summary of some key MONTHLY information using information that is readily available within most dairy businesses.The ‘Business Report’ is designed to be used as a quick snapshot to assess that the performance of the business is on track – are the farm goals being met and are there any challenges or opportunities that need to be addressed in a timely manner? It is a report that we would encourage other businesses to generate regularly for their own management purposes.Access a transcript of this episode hereFor more info on the Tocal dairy and the business report visit the Tocal dairy’s Monthly Business ReportTake a look at the NSW Dairy Farm Monitor Project and see past performance of the NSW dairy industry.This podcast is an initiative of the NSW DPI Dairy Business Advisory UnitIt is brought to you in partnership the Hunter Local Land ServicesPlease share this podcast with your fellow farmers and colleagues and feel free to contact us with suggestions or comments via the following email address: thebusinessofdairy@gmail.comFurther NSW DPI Dairy channels to follow and subscribe to include;NSW DPI Dairy Facebook pageDPI Intensive Livestock Twitter feedNSW DPI Dairy NewsletterProduced by Video LiftThe information discussed in this podcast are for informative and educational purposes only and do not constitute advice.
May 26 2021
32 mins

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