Launched last week, the Australian Dairy Plan (ADP) is the result of key organisations representing the whole dairy supply chain working together for the first time to develop a national strategic plan, Thompson says.

“The Australian Dairy Plan is the result of one of the biggest listening exercises in the industry’s history with over 1500 farmers and industry representatives participating in 25 regional forums around the country,” he said.

“It’s a plan that industry should be proud of, should embrace and be a part of.

“A successful outcome will depend on industry working together to implement and adopt the plan.

“After some years of uncertainty, low farmgate prices and drought for dairy farmers in NSW, it’s pleasing to see initiatives to increase profitability and confidence in the industry.

Mr Thompson said “the plan has a strong focus on providing farmers with the services and tools to achieve consistent profitability in an increasingly challenging operating environment”.

The ADP outlines commitments to industry structural reform, attracting new and retaining existing people in the industry, increasing business and risk management skills, a greater focus on marketing, and improving trust between farmers and processors.

Key success measures by 2025 include greater than 50 per cent of farms achieving profit of at least $1.50 EBIT/kgMS and to increase national milk production from 8.7 billion litres currently to 9.6 billion litres by 2025.

Head to https://www.dairyplan.com.au/ for more information on the ADP.