CONSIDER THE FINANCIAL IMPLICATIONS
We suggest you do two things before you commit to building a feed pad. First, use the tool below for an initial assessment of the financial impact. Then, if the investment looks promising, complete a whole farm analysis with your advisor. This will enable you to go into the project with your eyes wide open – no surprises!
Look promising? Next steps…
Conduct a whole farm analysis to ensure you understand all the costs and benefits before proceeding. Complete a whole farm analysis with your consultant or farm advisor.
Consider $ training
Financial analysis skills are critical if you are to assess investment opportunities well. Consider undertaking some training.
The National Centre for Dairy Education Australia offers a unit on analysing the performance of your dairy farm business – Analyse Business Performance (AHCAGB604A).
Rabo Bank also runs courses for farm managers.*