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Catalogue: GRDC Updates
The items that have greatest impact on profit are the commodity prices that are achieved, the amount of commodities produced and what it costs to run the business in that year... The results shown in Figure 1 indicate the relative importance that a 5% shift has on business profits... There is a need to get smarter at obtaining this information to drive farm business profits...
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Catalogue: GRDC Final Reports
To help meet the challenges of managing business risk and generating profits in the complex environment of growing grain, growers can benefit from access to an innovative, reliable information service to better understand the key performance trends of their business... Decisions regarding cost expenditure are typically made without regard to how they will impact on budgeted income... Configuring the output report format is critical in order to maintain grower interest and not over-expose them to too much data analysis information...
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Catalogue: GRDC Updates
Ag Profit aims to help identify risk management practices to help farmers lock in the higher profits during the good seasons, and prepare for and achieve optimal returns during the not-so-good seasons... The development of smart web database technology enables Ag Profit to be an efficient farm business information resource for farmers and their business advisers (such as accountants and farm business consultants).Ag Profit has team members who have many years of combined farm business management experience and has strong Industry support from the Grains Research Development Corporation (GRDC)... There is no conflict of interest between Ag Profit and Business Advisers as Ag Profit only provides the analysis information for the business advisor to interpret with their clients as part of their advisory service...
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