The agri benchmark network is an international network of agricultural research and advisory economists aiming to create a better understanding of global cash crop farming and the economics thereof. The objective of the agri benchmark initiative is to create a national and international database on farm information through collaboration between the public sector, agribusinesses and producer organisations. The link between the local and international network provides the means to benchmark South African agriculture with worldwide farming systems. More specifically, the national farm information database that is linked to the international information system provides decision makers and stakeholders in South African agriculture with a useful tool to obtain business intelligence information, to obtain updates on local and international agriculture, to make financial and managerial strategies for profitable and sustainable farming, and finally, it provides a platform to compare farming businesses and production systems of 16 cash crop enterprises all over the world. The map below illustrates the major countries and crops in the agri benchmark network.
For more information on the agri benchmark network, please visit www.agribenchmark.org
Some Key Advantages of being part of the agri-benchmark network include:
- Creating a national and international database on farm information and the economics behind it through collaboration between the public sector, agribusinesses and producer’s organisations.
- Providing the means to benchmark South African agriculture and farming businesses with world-wide farming and production systems.
- Providing a useful tool to obtain key business intelligence with respect to farming systems and competitiveness of these systems across the globe to -makers and stakeholders in the South African agricultural industry. The competitiveness of our farmers will ultimately determine the long-term sustainability of South Africa’s self-sufficiency with respect to grain- and oilseeds production, which further affects food security.
- The agri benchmark network is also designed to generate updates on local- and international agriculture and creates financial and managerial strategies for profitable and sustainable farming.
The key feature of the information that is collected within the agri benchmark network is that it follows a standardised methodology. Hence, representative budgets of typical farms are constructed in a synchronized manner and the information that is gathered can be used to benchmark the various farming systems across the globe. This means when it comes to international benchmarking “apples are compared with apples”, which gives the agri benchmark system a clear advantage above any other attempt to compare or benchmark our local farmers to any farm in the world.
For more information on how the agri benchmark program is linked in BFAP's Farm-level Analysis, click here.