Farm Business Benchmarking Online
Farm Business Benchmarking Online
Introduction
The Farm Business Benchmarking On Line program has been developed to enable users to quickly compare results for their business with results from the Farm Business Survey.
- Go directly to the Farm Business Benchmarking program
What is the Farm Business Survey?
The Farm Business Survey (called the Farm Accounts Survey in Scotland) is an annual survey commissioned by the government under which a range of management accounting information on all aspects of farmer's and grower's businesses is collected. The survey uses a sample of farms that is representative of the national population of farms in terms of farm type, farm size and regional location.
Why should I use Farm Business Benchmarking Online?
It will enable you to compare financial data for your business with farms that are of a similar type and size to yours. You can compare the results for your business with average or above average performance in the Farm Business Survey.
What will I need?
You will need the latest set of financial accounts (often called the 'tax accounts'). The program has been designed so that the figures in the accounts for your business should be on a similar basis to the figures in the program.
What conclusions should I draw when I use the program?
The comparisons will show you how the revenue, costs and profit for your business compare with others. It will therefore indicate where there may be room for improvement in the performance of your business, through reducing costs, increasing output or both.
Where do I go from here?
Once you have used the tool, consider carefully what the comparisons are showing but do not rush to conclusions. Consider seeking advice from one of the organisations listed under the 'further business advice' link.
Page modified: 16 November
2006
Page published: 5 July 2004