Benchmarks and business performance
- Benchmarking is a familiar tool for measuring business and farm performance, and a range of different benchmarks can be used.
- Focussing on one benchmark in particular may have a negative impact on overall business performance.
- Use business benchmarks to assist with measuring business performance and testing the merits of business and enterprise expansion or other expenditure.
Michael Ryan, Booth Associates
IREC Farmers’ Newsletter – Large Area No. 191: Spring 2014. Read the full newsletter here.