A THOUGHT EXPERIMENT IN BENCHMARKING AND OPTIMISATION

SIMON WARD

Increment Limited and The Policy Group

Simon.Ward@increment.co.uk

 

ABSTRACT

Agricultural benchmarking and input optimisation are ripe for further development using tools that are now freely available for manipulating larger volumes of data. These new systems will not replace existing benchmarking methods but, used carefully, add another dimension to help improve profitability. These techniques are beginning to merge systems used to derive agronomic optimums, such as random block replicated trials, and farm management analysis based on use of comparative data to relate inputs and outputs to target metrics, such as profit. However, mapped data while providing considerable scope for improving farm management practice is often badly analysed allowing incorrect conclusions to be reached. Data analysis is not a substitute for innovation.


BIOGRAPHY

Simon Ward is an established agricultural and renewable energy business consultant with over 30 years’ experience. He is based in Cambridge, England. Clients range from farmers to multinationals. He works both in the UK and abroad. Simon is a graduate in Agricultural Economics from Balliol College Oxford University.

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IFMA

The objective of the International Farm Management Association is to further the knowledge and understanding of farm business management and to exchange ideas and information about farm management theory and practice throughout the world. The IFMA is a non profit-making organisation and currently the Association has members in over 50 countries.

Congress Managers

Please contact the team at Conference Design with any questions regarding the Congress.

Photography Credits

Tourism Tasmania, Barnbougle Dunes, Ray Joyce, Health Holden, Graham Freeman, Joe Shemesh, Glenn Gibson, Hobart City Council, Nick Osborne, National Trust Tasmania, Dale Baldwin, Brian Dullaghan, Rob Burnett, Alistair Bett, Alice Bennett, Wai Nang Poon, Chris Crerar, Kathy Leahy, Flow Mountain Bike, Tasmanian Parks & Wildlife Service, James Bowden, Masaaki Aihara, Sean Feennessy, Bruce Irwin, Liz Knox