The Business of Dairy

Hosted by NSW DPI

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May 2026

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About the show

The Business of Dairy podcast will look at aspects of management of dairy businesses from both within the farm gate and outside the farm gate, speaking to farmers and service providers with skills, information and knowledge of value to you and your business. We will bring to you monthly discussions on topics that will grow your knowledge and understanding of management areas that will drive strong farm business performance into the future. This series is brought to you by the NSW DPI Dairy Business Advisory Unit with funding and support from the Hunter Local Land Services.

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60 recent

May 12, 2026Episode 1145 min

Ryegrass options with high fuel and fertiliser costs

Dairy farmers and farmers generally are facing significant challenges regarding their autumn sowing plans due to high fuel and fertiliser costs because of the war in the Middle East. Decisions need to be made by farmers to enable them to minimise the effects of this situation on pasture and herd production and ultimately financial performance. Nathan Jennings from the North Coast Local Land Services in NSW joins us to talk about some of the management options that farmers should consider related to urea application and sowing strategies for ryegrass in the current environment.Resources:Nathan Jennings’ article “Ryegrass planting options considering fertiliser and fuel supply”MiniMilkBizThis podcast is an initiative of the NSW DPI Dairy Business Advisory Unit – further information and resources are available here - Dairy | Department of Primary IndustriesIt is brought to you in partnership the Hunter Local Land ServicesPlease share this podcast with your fellow farmers and colleagues and feel free to contact us with suggestions or comments via this email address thebusinessofdairy@gmail.comFurther NSW DPI Dairy channels to follow and subscribe to include:NSW DPI Dairy Facebook pageNSW DPI Dairy Newsletter - Connect with us | Department of Primary Industries Transcript hereProduced by Liam DriverThe information discussed in this podcast are for informative and educational purposes only and do not constitute advice.

April 13, 2026Episode 1032 min

Survivability and trends in the Australian dairy herd

Australia’s dairy sector is rich in performance data, and herd recording remains a key source of insights for on-farm decision-making and tracking national herd trends. In this episode, host Sheena Carter is joined by Michelle Axford (DataGene) to explore key takeaways from DataGene’s latest Australian Dairy Herd Improvement Report, including emerging trends in herd performance and how genetics and new research are shaping herd improvement.Resources:Australian Dairy Herd Improvement Report 2025DataGene websiteDataConnectThis podcast is an initiative of the NSW DPI Dairy Business Advisory Unit – further information and resources are available here - Dairy | Department of Primary IndustriesIt is brought to you in partnership the Hunter Local Land ServicesPlease share this podcast with your fellow farmers and colleagues and feel free to contact us with suggestions or comments via this email address thebusinessofdairy@gmail.comFurther NSW DPI Dairy channels to follow and subscribe to include:NSW DPI Dairy Facebook pageNSW DPI Dairy Newsletter - Connect with us | Department of Primary Industries Transcript hereProduced by Liam DriverThe information discussed in this podcast are for informative and educational purposes only and do not constitute advice.

March 1, 2026Episode 930 min

Tegan Gilfillan – Growing with the herd

Starting out as a milker and rising to herd manager of 900 cows, Tegan Gilfillan’s career is a true dairy success story. With more than 18 years spent on the one farm, Tegan has grown alongside Speldon Partnership, owned and operated by the Maslen family in the New South Wales Mid Coast region. Today, she leads both livestock and people, managing a large herd and a committed team of staff. In this episode, Tegan shares her journey and speaks candidly about the importance of people in a dairy business, developing strong teams, and the role the Maslen family has played in supporting her growth. This podcast is an initiative of the NSW DPI Dairy Business Advisory Unit – further information and resources are available here - Dairy | Department of Primary IndustriesIt is brought to you in partnership the Hunter Local Land ServicesPlease share this podcast with your fellow farmers and colleagues and feel free to contact us with suggestions or comments via this email address thebusinessofdairy@gmail.comFurther NSW DPI Dairy channels to follow and subscribe to include:NSW DPI Dairy Facebook page NSW DPI Dairy Newsletter - Connect with us | Department of Primary Industries Transcript Here Produced by Liam DriverThe information discussed in this podcast are for informative and educational purposes only and do not constitute advice.

February 8, 2026Episode 832 min

Revisiting heifer management in dry times

This month we revisit one of our very early episodes which was released on the 1st December 2023 which was a particularly dry period across most of NSW and other regions. My guest was Neil Moss, a veterinarian and consultant with Scibus. The focus of our discussion was on heifer management in dry times and while we currently have much of southern NSW, Victoria and SA who have been managing very dry conditions for a prolonged period, these conditions are expanding. I am recording this introduction in December 2025 and the forecast in NSW moving towards Feb 2026 when this podcast will be released, is showing expansion of dry conditions further into central NSW and some coastal pockets.Useful resources related to this podcast:· Farming Forecaster (including instructional videos)· NSW DPIRD Seasonal Conditions and drought forecast webpage· Dairy Australia’s “Nutritional Strategies” webpage – comprehensive list of feed budgeting and management resources This podcast is an initiative of the NSW DPI Dairy Business Advisory Unit – further information and resources are available here - Dairy | Department of Primary IndustriesIt is brought to you in partnership the Hunter Local Land ServicesPlease share this podcast with your fellow farmers and colleagues and feel free to contact us with suggestions or comments via this email address thebusinessofdairy@gmail.comFurther NSW DPI Dairy channels to follow and subscribe to include:NSW DPI Dairy Facebook pageNSW DPI Dairy Newsletter - Connect with us | Department of Primary Industries Transcript hereProduced by Liam DriverThe information discussed in this podcast are for informative and educational purposes only and do not constitute advice.

January 4, 2026Episode 730 min

NSW Farm Performance in a Year of Extremes

The 2024-25 financial year was one of extremes for NSW dairy farmers with extraordinarily wet conditions in the North and significantly dry conditions in the South. Despite these challenges, average profitability on our NSW Dairy Farm Monitor farms was above the long-term average for the 5th year in a row. Average Return on Total Assets managed was 4.3%, down slightly from the previous year of 4.5%. In this episode we discuss factors that impacted these results and look at some of the regional nuances between the North and South group of farms participating in the project. This project is an ongoing collaboration between NSW DPIRD and Dairy Australia and marks the 14th year of DFMP in NSW.Useful resources related to this podcast:· NSW Dairy Industry Overview 2025 and Snapshot· NSW Dairy Farm Monitor Project webpage with links to the Annual Report, Regional Summaries and the Interactive DFMP Report· Dairy Australia’s DFMP webpage with links to Annual Reports for all milk producing regions of AustraliaThis podcast is an initiative of the NSW DPI Dairy Business Advisory Unit – further information and resources are available here - Dairy | Department of Primary IndustriesIt is brought to you in partnership the Hunter Local Land ServicesPlease share this podcast with your fellow farmers and colleagues and feel free to contact us with suggestions or comments via this email address thebusinessofdairy@gmail.comFurther NSW DPI Dairy channels to follow and subscribe to include:NSW DPI Dairy Facebook pageNSW DPI Dairy Newsletter - Connect with us | Department of Primary Industries Transcript hereProduced by Liam DriverThe information discussed in this podcast are for informative and educational purposes only and do not constitute advice.

December 1, 2025Episode 621 min

Development approvals made easier - myFarmPlanner

This month we continue the theme of planning, not business planning but farm development planning and approvals. My guest, Wendy Goodburn, a NSW DPIRD Land Use Planner joins us to explain the development and recent release of a fantastic, freely available online tool called myFarmPlanner. myFarmPlanner assists farmers, planners, consultants and local government with the pre-lodgement process for development applications related to on farm developments and upgrades. It is designed for the dairy, horticulture, poultry and agritourism industries in NSW.While this is an audio only podcast and while we can’t actually show you what the tool looks like, you can view our recently recorded Dairy Breakfast webinar which was very well received and shows the tool being used live with a NSW dairy farm. A link to the recording is in the show notes and can also be found on the NSW Agriculture YouTube page in the Dairy playlist.Useful resources related to this podcast:· Dairy Business Breakfast webinar showcasing myFarmPlanner· myFarmPlanner· Industry resources for planning and development including “NSW Dairy Development and Environmental Guidelines 2024”, “Farm System Evaluator” tool and the “National Guidelines – Dairy Feedpads and Contained Housing”· NSW Agricultural Land Use Planning website This podcast is an initiative of the NSW DPI Dairy Business Advisory Unit – further information and resources are available here - Dairy | Department of Primary IndustriesIt is brought to you in partnership the Hunter Local Land ServicesPlease share this podcast with your fellow farmers and colleagues and feel free to contact us with suggestions or comments via this email address thebusinessofdairy@gmail.comFurther NSW DPI Dairy channels to follow and subscribe to include:NSW DPI Dairy Facebook pageNSW DPI Dairy Newsletter - Connect with us | Department of Primary Industries Transcript hereProduced by Liam DriverThe information discussed in this podcast are for informative and educational purposes only and do not constitute advice.

November 3, 2025Episode 537 min

A Farm Business Plan – What is it? Do I need one?

“Plans are worthless, but planning is everything.” This is a quote from Dwight D Eisenhower who was the Supreme Commander of the Allied Forces in Europe in WWII and also the 34th President of the United States. What he as saying is that a plan is a guide that can often change in the heat of battle, but because there is a plan it means different risks and scenarios have been thought through, you know what your resources, risks and goals are and having thought all this through you now have a foundation or base level that sets out your direction and you can use and adapt this when things change. In the case of a Farm Business Plan, it is also an excellent document to have when communicating within your business and to external parties such as advisers and financiers.My guest this month is Jess Bell, Senior Project Officer with NSW DPIRD’s Farm Business Resilience Program who has co-authored a book called Farm Business Planning which has been published by Tocal College and is also available online. We discuss the importance of a Farm Business Plan, when you should develop one, who should do it, what it contains, why you should have one and how it can be used, as well as providing you with lots of resources to help you through the process and set your business up for future success.Useful resources related to this podcast:· Order your “Farm Business Planning” book and access free templates· Dairy Standard Chart of Accounts· Dairy Cash Budgeting Tool | Dairy Australia· Farm Business Resilience ProgramThis podcast is an initiative of the NSW DPI Dairy Business Advisory Unit – further information and resources are available here - Dairy | Department of Primary IndustriesIt is brought to you in partnership the Hunter Local Land ServicesPlease share this podcast with your fellow farmers and colleagues and feel free to contact us with suggestions or comments via this email address thebusinessofdairy@gmail.comFurther NSW DPI Dairy channels to follow and subscribe to include:NSW DPI Dairy Facebook pageNSW DPI Dairy Newsletter - Connect with us | Department of Primary Industries Transcript hereProduced by Liam DriverThe information discussed in this podcast are for informative and educational purposes only and do not constitute advice.

October 4, 2025Episode 429 min

Rural Assistance Authority – Support for NSW farmers

Farm businesses in some parts of NSW have experienced some very challenging weather events throughout 2025 including ex-Tropical Cyclone Alfred in March and the East Coast Severe Weather event in May. When disasters of this scale occur and they are declared a severe weather event, the NSW Rural Assistance Authority (RAA) is the agency that administers funding made available by the state and federal governments. In this episode my guests introduce us to the RAA, its history, and its role in administration and distribution of funds. We also discuss two types of loans made available to provide assistance with natural disasters and also drought preparedness and touch on farm debt mediation.Useful resources related to this podcast:· RAA website - NSW Rural Assistance Authority (RAA)· Phone 1800 678 593 (Monday to Friday from 8:30am – 4:30pm)· NSW DPIRD Dairy – Emergencies and risk management web page - Emergencies and risk management | Department of Primary Industries This podcast is an initiative of the NSW DPI Dairy Business Advisory Unit – further information and resources are available here - Dairy | Department of Primary IndustriesIt is brought to you in partnership the Hunter Local Land ServicesPlease share this podcast with your fellow farmers and colleagues and feel free to contact us with suggestions or comments via this email address thebusinessofdairy@gmail.comFurther NSW DPI Dairy channels to follow and subscribe to include:NSW DPI Dairy Facebook pageNSW DPI Dairy NewsletterTranscript hereProduced by Liam DriverThe information discussed in this podcast are for informative and educational purposes only and do not constitute advice.

August 31, 2025Episode 329 min

Insights that still matter: Over-capitalisation revisited

What is over-capitalisation, what does it look like on a dairy farm and how does it impact your business performance? It is important to be aware of how over-capitalisation can add to your business’s cost of production – adding to both cash and non-cash costs.This month, updates have been provided on average depreciation and interest costs as we revisit one of our very early podcast episodes. The content and insights provided by Jake are as relevant today as they were in 2021.Useful resources related to this podcast:· Jake Musson (Dairy Australia) – NSW System Performance presentation (~19:20 minute mark for ‘Plant and equipment vs. Depreciation) https://www.youtube.com/watch?v=HLb7Z2DU6fI · Tower of Resilience (John Mulvany)· Farm Business Snapshot calculator· NSW Dairy Farm Monitor reports This podcast is an initiative of the NSW DPI Dairy Business Advisory Unit – further information and resources are available here - Dairy | Department of Primary IndustriesIt is brought to you in partnership the Hunter Local Land ServicesPlease share this podcast with your fellow farmers and colleagues and feel free to contact us with suggestions or comments via this email address thebusinessofdairy@gmail.comFurther NSW DPI Dairy channels to follow and subscribe to include:NSW DPI Dairy Facebook pageNSW DPI Dairy Newsletter - Connect with us | Department of Primary Industries Transcript - HereProduced by Liam DriverThe information discussed in this podcast are for informative and educational purposes only and do not constitute advice.

August 1, 2025Episode 216 min

MiniMilkBiz - a tool to check business health

How do you tell if your dairy business is heading in the direction you want it to? Is it ‘gut sense’ or can you quantify it? MiniMilkBiz is a tool that we have recently updated that allows you to generate some rich physical and financial reports to see how your milking herd is currently performing. This episode explains MiniMilkBiz, what information is required and outlines the two key reports that are generated. The show notes contain a link to download the tool from our website.Learn more:MiniMilkBizDairy Standard Chart of AccountsDairyBaseThis podcast is an initiative of the NSW DPI Dairy Business Advisory Unit – further information and resources are available here - Dairy | Department of Primary IndustriesIt is brought to you in partnership the Hunter Local Land ServicesPlease share this podcast with your fellow farmers and colleagues and feel free to contact us with suggestions or comments via this email address thebusinessofdairy@gmail.comFurther NSW DPI Dairy channels to follow and subscribe to include:NSW DPI Dairy Facebook pageNSW DPI Dairy Newsletter - Connect with us | Department of Primary Industries Transcript here Produced by Video LiftThe information discussed in this podcast are for informative and educational purposes only and do not constitute advice.