increase font size
Victoria is a leading contributor to Australia's dairy industry, accounting for 77% of Australia's dairy exports valued at A$2.1 billion.
A new report has revealed that in 2020-21 Victorian farmers experienced the best financial returns in more than six years as the sector continues to innovate and excel.
Victorian Minister for Agriculture Mary-Anne Thomas released the 2020-21 Dairy Farm Monitor report this month, which shows the hard work and resilience of farmers has paid off after experiencing some difficult years responding to recent dry conditions, low water allocations and market volatility.
Agriculture Victoria's Dairy Farm Monitor project is a collaboration with Dairy Australia to provide critical insight for industry into how the sector is tracking. The annual report is a comprehensive financial and prodution analysis of 80 Victorian dairy farm businesses in south-western Victoria, Gippsland and northern Victoria.
The quality benchmarking data in the report gives Victorian dairy farmers the ability to make comparisons and identify areas they could change to improve the productivity, profitability and sustainability of their businesses.
While average dairy farm profits were up across most of the state, dairy farmers in Victoria's north posted the best results, taking advantage of favourable seasonal conditions to record the highest profits this region has seen for 15 years.
Since the last report, farm cashflows have increased from the previous year, with 94% of farms recording a positive return. This financial rebound has enabled farmers to invest back into their businesses by repairing and upgrading infrastructure and machinery and improving pastures.
Victoria is a leading contributor to Australia's dairy industry, accounting for 77% of Australia's dairy exports valued at $2.1 billion.
The gross value of milk produced in Victoria is worth A$2.7 billion (2018-19). The sector supports almost 10,000 jobs with more than half of these workers located in regional Victoria.
OPINION: Your old mate hears that at a recent China Business Summit, PM Christopher Luxon delivered a none-too-subtle "could try harder" report card on the red meat industry regarding its exports to China - particularly when compared to Australia.
More Australian states are embracing virtual fencing technology, opening growth opportunities for Kiwi companies like Halter.
Fonterra says its ongoing legal battle with Australian processor Bega Cheese won’t change its divestment plans.
Farmers in the Australian state of New South Wales will soon be able to use virtual fencing and herding technology to boost farm productivity.
Australian farmers advocate NFF says this year’s Federal Election will be a defining moment for Australian agriculture.
Phoebe Scherer, a technical manager from the Bay of Plenty, has won the 2025 Young Grower of the Year national title.
The Fencing Contractors Association of New Zealand (FCANZ) celebrated the best of the best at the 2025 Fencing Industry Awards, providing the opportunity to honour both rising talent and industry stalwarts.
Award-winning boutique cheese company, Cranky Goat Ltd has gone into voluntary liquidation.
As an independent review of the National Pest Management Plan for TB finds the goal of complete eradication by 2055 is still valide, feedback is being sought on how to finish the job.
Beef + Lamb New Zealand has launched an AI-powered digital assistant to help farmers using the B+LNZ Knowledge Hub to create tailored answers and resources for their farming businesses.
A tiny organism from the arid mountains of mainland Greece is facilitating a new way of growing healthier animals on farms across New Zealand.
OPINION: Westland Milk may have won the contract to supply butter to Costco NZ but Open Country Dairy is having…
OPINION: The Gene Technology Bill has divided the farming community with strong arguments on both the pros and cons of…
