Financial Analysis Bureau (FAB)
FAB can also stand for Farm Analysis (&) Benchmarking
FAB functions as both.
BakerAg have undertaken analysis of client business throughout its 22 years of existence and we incorporate this as an integral part of our client servicing. Benchmark figures were formally produced for Wairarapa Farm Improvement Club members with records since 1969, so we have many years of data available.
Data is now gathered for three categories of sheep and beef properties and is analysed to provide both physical and financial benchmarks (KPI’S – key performance indices).
Farm classes involve:
Class 2: Hill country sheep & beef breeding and semi finishing – Dry summer rainfall. (This category incorporates the former store sheep and beef properties which since fertiliser inputs have commenced, no longer exist).
Class 3. Hill country sheep and beef breeding and semi finishing – Wet summer rainfall.
Class 4: Flat and easy contour sheep and beef finishing properties. – Undertaking some cropping and some livestock trading.
The prime benefit from benchmarking is to enable individuals to compare their results with others in a similar category. We show what the top 10% are achieving and we provide historical trends. The objective of this process is to provide factual information that will assist in future policy setting and decision making by establishing realistic targets.
Achievements are analysed on the traditional acre per hectare and per Stock Unit basis. It shows the assessed capital involved on a ‘Going Concern” basis with the return on capital invested, after allowing for wages on management for the owner. Some farm expenditure items are “standardised” for the assessment of the final “Economic Farm Surplus” which is one of the key measure.
New measures look at liveweight of stock carried per hectare, physical meat and wool production, and for those using our PasturePro Service, we provide returns measured as cents per kg/DM pasture consumed. We can compare the relative efficiency of sheep and cattle enterprises. We also look at the ratio between gross income and land value.
The process involves obtaining client data from their balance sheet or cash manager programme. Plus other physical data on total and effective areas, wool weights, fertiliser type and quantity and PasturePro data if you are on this system.
For further information please contact firstname.lastname@example.org
Masterton Office (HQ)
State Highway 2
(06) 370 6880
8 Manchester Square
(06) 323 2220