Benchmarking figures for arable farmers in focus at Cereals
Arable farmers looking to get their business in the best possible shape ahead of the UK leaving the EU should consider looking at a set of ‘easy to calculate’ management benchmarks as a useful starting point.
For some farmers, the word ‘benchmarking’ conjures up a dry and tedious process they’d rather not undertake, but it can be an invaluable process.
Strutt & Parker has come up with a set of simple management Key Performance Indicators (KPIs) that growers should be able to calculate without needing to delve into the details of their accounts.
The figures, which are based on data we have captured from more than 145 farms, ranging from 100ha to 2500ha, will give an indication of how your farm compares in terms of labour and machinery costs and capacity.
This can highlight areas where costs savings might be found and where it might be beneficial to dig deeper into the financials though a detailed Arable Crop Production Review.
The KPIs are as follows:
- Cropped hectares per arable labour unit
- Litres of gas oil per cropped hectare
- Horsepower per cropped hectare
- Drilled hectares per metre of drill
- Cropped hectares per metre of sprayer boom
- Combined hectares per metre of combine
George Badger talks about Strutt & Parker farm benchmarking
To find out more visit the Strutt & Parker stand (302) at Cereals on 13/14 June or contact a member of the farming department.
