"As an industry we work cohesively right across the supply chain - we are one of the few agricultural industries who are so closely linked," he said.

"Numerous organisations work together to develop our industry, ensure its future and present a united front."

Mr Roberts acknowledged the rollercoaster ride that dairy has endured this year, with volatility in demand, declining milk prices, climate and input prices.

"For many businesses, this sort of volatility is extremely difficult to manage, however the fact Australian farmers have been adapting through these times is evidence of the skill and resilience we have on our dairy farms," he said.

Mr Roberts said that while it had been a very difficult year, recent signs of market recovery coupled with milk price step-ups and some recent rain, means the outlook for the industry is more positive.

Throughout 2008-09, DA invested in 173 projects based on agreed industry priorities.

DA managing director Mike Ginnivan said investments and outcomes were regularly reviewed to be consistent with our objective of a viable, sustainable industry.

"To ensure a significant cost/benefit return on levy and matching government funds, a priority for DA is working with local and international service providers and other primary industries for co-investment," he said.

"Key DA projects around animal breeding and reproduction, vocational education and training, and farm systems management, submitted to government as part of national research review, showed an average benefit cost ratio of more than 10 to 1.

"The work of DA in the health and nutrition area has contributed to the sustainability and strength of the domestic market."

Dr Ginnivan also spoke about the Inquiry into the future of dairying in the Lower Murray Darling Basin.

"Most valuably, the Inquiry assessed that the region's dairy industry has a future," he said.