For Dairy Farmers
Trusted by New Zealand Farmers
Regional Benchmarks
Figured’s National Dairy Benchmark Report draws insight from over 2,000 verified NZ dairy farms, which your accountant can filter by region, ownership structure, and supplier. You’ll be able to see how your income and expenses compare not just to dairy farmers generally, but those whose operations most accurately reflect your own.
Top-Quartile Data
Top-quartile farms (top 25% by operating surplus per kgMS) show how your own operation compares to the best in your region. When your costs or operating surplus sit materially away from that benchmark, you and your accountant have something concrete to plan against: “How do we get there too?”
Finding Benchmarking
Figured Benchmarking data is available through any NZ agri accountant subscribed to Figured Insights. There’s no set-up required at your end other than using Figured normally for production tracking, reconciliation, and planning.
Unlike many other dairy reports, which pull out estimates, Figured Benchmarking data compares regional benchmarks with the same financial data your accountant already works with in Figured. What you see is based on your real farm numbers, and those of your closest peers.
Data Quality
Figured’s benchmarks are built on verified actuals from NZ dairy farms actively managed in Figured. Eligibility criteria are strict: farms must have at least nine months of kgMS data, generate at least 60% of revenue from milk income, and have an active connection to both platforms.
Every benchmark group requires a minimum of 50 farms, outliers are removed using statistical methods, and the full methodology is published in each report’s appendix. When your accountant brings these comparisons to your review, you’ll know they stand up to scrutiny.
Now with Figured, it has absolutely shifted our whole outlook on the business. I just can’t wait to be using the reports to analyse and approve decisions — we’ve never had time to do that before, we’ve been too busy just getting the information.
The beauty of Figured is that it helps you look forward. It gives you a picture, and it might be six to 12 months down the road of where you’re going. If you don’t like that picture, you’ve got that time to change. It’s just better than looking back at last year’s numbers when it’s a bit late to make a change.
I didn’t have a lot of confidence in my spreadsheet and my formulas. Whereas with Figured, I know they’re all over that. It gives me a lot more confidence to know that the actual figures being pulled through are correct — and they’re getting pulled through in real time.
Integrations
Figured doesn't replace your existing software — it plugs in on top, pulling live data from Xero, QuickBooks Online, or MYOB, and integrates with the apps you already use to manage the farm.
Find a Figured Adviser
Our network of Figured-certified agri accountants and advisers can help you get set up, manage your farm financials, and make better decisions — year-round.
Find Your AdviserPartnered with NZ's top agri advisory firms
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