Dairy Production

Farm Focus and Westpac have teamed up to make farm finance simpler. Learn how to prepare your data, complete the five-step application in the Vault, and what happens once you submit.

On your Dashboard, you will see your break-even milk price. This indicates how much income you need to generate from your milk production to cover the costs associated with your business and ensure there is enough cash at the bank.

Learn how to keep your livestock numbers accurate, especially when budgeting and at year-end so your reports, budgets, and tax information are reliable.

If you have multiple supply numbers that sit under one GST number, and you want to separate production for each, you’ll need to create an additional dairy forecaster. There is no extra charge for this

Learn how to record livestock sales and purchases when the invoice date and payment date fall on opposite sides of the revision line.

Learn how to set up milk income codes in Farm Focus if your business has not previously recorded milk income. This enables the Dairy Forecaster in your Working Plan.

Simply put, this means that farmers will be paid $4.00 for all milk solids supplied in the month of December 2018, less a deduction of 15 cents on all of their milk solids supplied between June-November inclusive that have been paid at the $4.15 level.

If you have multiple supply numbers that sit under one GST number, and you want to separate production for each, you’ll need to create an additional dairy forecaster. There is no extra charge for this

Learn how to use the Dairy Forecaster for your farming business