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On-Farm Benchmarking: How to Do It and How to Do It Better

Author

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  • Franks, J.R.
  • Collis, Jimi

Abstract

Benchmarking is the practice of establishing the relative performance of a business or enterprise against an appropriate standard, generally industry standards derived from a survey of farms. The Policy Commission into the Future of Farming and Food (2002) highlighted a need to spread and improve benchmarking on farms. The requirements of effective benchmarking are illustrated in a ten step framework. The ten steps illustrate the range of expertise and resources a manager requires before being able to justify allocating resources to benchmarking. A comparison of alternative farm surveys and methodologies used to collect, analyse and report industry standards illustrates the difficulties farmers can have in identifying appropriate, robust and accurate industry standards. It is concluded that there needs to be a thorough rationalisation of farm surveys and agreement on methodologies to make benchmarking more effective and more efficient.

Suggested Citation

  • Franks, J.R. & Collis, Jimi, 2003. "On-Farm Benchmarking: How to Do It and How to Do It Better," 14th Congress, Perth, Western Australia, August 10-15, 2003 24326, International Farm Management Association.
    • Handle: RePEc:ags:ifma03:24326
    DOI: 10.22004/ag.econ.24326
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    File URL: https://ageconsearch.umn.edu/record/24326/files/cp03fr01.pdf
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    References listed on IDEAS

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    1. Ronan, Glenn & Cleary, Gordon, 2000. "Best Practice Benchmarking in Australian Agriculture: Issues and Challenges," 2000 Conference (44th), January 23-25, 2000, Sydney, Australia 123728, Australian Agricultural and Resource Economics Society.
    2. Jeremy Franks, 2003. "Revised Agri-environment Policy Objectives: Implications for Scheme Design," Journal of Environmental Planning and Management, Taylor & Francis Journals, vol. 46(3), pages 443-466.
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    Cited by:

    1. Hans Vrolijk & Krijn Poppe, 2021. "Cost of Extending the Farm Accountancy Data Network to the Farm Sustainability Data Network: Empirical Evidence," Sustainability, MDPI, vol. 13(15), pages 1-13, July.

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    Keywords

    Farm Management;

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