NSW Dairy Farm Monitor 2023 2024



The 2023-24 NSW Dairy Farm Monitor Project (DFMP) revealed another year of above-average profitability for participating dairy farms, despite significant challenges.

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The DFMP, which collects high-quality, unbiased physical and financial data, provides valuable insights into the industry. This year, average Earnings Before Interest and Tax (EBIT) declined 24% to $2.12/kgMS compared to the previous year yet remained above the long-term average of $1.36/kgMS for the fourth consecutive year.

 


Key Drivers of Performance



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