Bank to Use Dairy Farm Data

ANZ New Zealand, has signed a Memorandum of Understanding (MoU) with dairy industry organisation Dairy NZ to work together to boost the financial performance of dairy farms. The memorandum – which runs for five years – is the first between a bank and Dairy NZ.

The MoU will enable ANZ economists and Agri Managers to use information from Dairy NZ’s business performance analysis tool, Dairy Base. Dairy Base brings together the financial results from over 1800 farmers, and provides a basis for someone to compare their farm against other similar farms. ANZ will have access to the same data farmers and farm accountants use to analyse and compare farm performance, and will use these to work with its dairy farming clients.

Article Complements Of Bulletin Aotearoa – Click Here To Read The June Issue.