Additional comments

Project type: Web based benchmarking programme



Enddate: none

Additional information

Benchmarking is the comparison of one´s performance with the performance of others engaged in a similar activity – helping to identify one´s strengths and weaknesses and to learn from this. Many farmers already do this informally by discussing yields and output prices with other producers, but online benchmarking tools can collect from a wider range of farms, taking into account many different aspects of businesses, and can provide more accurate management advice.

Farmbench is a free online, simple to use business tool for Cereal and Oilseed, Potato, Beef, Dairy and Lamb enterprises that helps to understand and compare full costs of production at both individual enterprise and whole-farm level.

How does it work?

Users enter physical and financial farm performance data on an individual field, a whole crop or even a whole farm into the system. The three main categories of indicators are:

1. Financial (e.g. sales, costs and margins);

2. Technical (e.g. utilisation of fertilisers or animal health products); and

3. Productivity (e.g. outputs such as crop yields or progeny sold per breeding animal).

All users can access reports at any time comparing their performance against an average of at least 15 other similar businesses. Users upload their data and retain ownership of it, they access and manage their data through secure passwords. All data becomes anonymous once uploaded to the site.



Homepage: https://farmbench.ahdb.org.uk/ -

Video on YouTube: https://www.youtube.com/watch?v=3NjGybddFmU