Dairy Forecaster assists with milk revenue planning
The advantage of using the Cashmanager RURAL Dairy Forecaster is that as production is recorded during spring, the revised budget will take account of year-to-date production and revenue. This will provide a forecast of monthly cash available for the rest of the season – calculated from base payments, increases to advance payments and capacity adjustments.
Being able to see revenue in the context of all farm expenditure will provide dairy farmers with valuable assistance for making tactical management decisions during a season that will be challenging.
“What I like about it is how you can see the whole season’s production on the one page, you can easily adjust your forecasts and you have integrated the Capacity Adjustment. It’s a pleasure to use.”
Sandy Bidwill, Equity Partner Pahautea Ltd Partnership Dairy Farm, Wairarapa
Fonterra, Westland or Synlait suppliers can update their Cashmanager Rural online budget with a single click of the ‘Update Prices’ button.
This data feed service saves time and increases accuracy. As price updates are announced during the spring, updating the forecast is simply a matter of clicking the button.
The price updater service is only available with Cashmanager RURAL online. If you are using desktop and would like to upgrade, your first database can be moved online at no additional cost. The process can be self-managed, see our upgrade to online page for more information.
Dairy Forecaster Update
There has been a recent update to the dairy forecaster that has further refined calculations needed to manage milk price fluctuations this season. For online customers, the update is available when you next login. Desktop customers can download it here.