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farm management

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Catalogue: Ground Cover
Profit study highlights power of R&D.. A study into how Western Australian growers managed through the difficult first decade of this century found the most profitable farms were larger, had shifted more into wheat and had made the most use of technology... The research team examined the physical and financial performance of a diverse set of 242 farm businesses over the period 2002-11...
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Catalogue: GRDC Updates
Acceptance and adoption of advice varies with each individual business... 'gut feel' is often the result of their own analysis of knowledge gained through talking to their peers and advisers, then tailoring advice, and their own experience and knowledge, to their individual circumstances... phil@orm.com.au < Keep browsing 0 Responses to Turning advice into profit - the opportunities..
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Catalogue: GRDC Factsheets
Maintaining a sound business management discipline of measuring business performance, using this information for planning and then learning from each year's results, will ensure a healthy and sustainable business... When managing any business, it is good to have both of the following concepts in mind: 1... Regularly monitoring business performance by evaluating indicators of profit, cash flow, net worth, equity and return on capital is the only way of knowing whether failure is only days away, or whether there is capacity to expand and continually improve aspects of the business...
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Catalogue: GRDC Updates
Keywords: farm business management, increasing scale, escalating costs, volatility, people.. As a farm becomes bigger and involves another generation, there is a need to turn our attention to the people inside the organisation and the formalities (job descriptions, staff reviews, training, individual equity in the business) needed to foster their individual long term growth and development... As grain farming has become a more sophisticated business, there is a heightened need to source reliable, skilled and informed assistance to enhance the quality of decision making...
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Catalogue: GRDC Updates
Management Decision for Cropping Advisers - Philip OCallaghan, ORM Consulting, Bendigo.. If their advisers understand these business characteristics, then advice can be tailored to best suit each business... The best advice for one farm may not be the best for a neighbouring farm, so advisers should be aware of the business variables and adapt their advice to suit each business...
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Catalogue: Ground Cover
Families motivate new grains scholars.. "We average 1000 millimetres of rain a year at Ayr, all in the summer 'wet' season, although for the past three years it has been more like 2000mm of rain," he says. ".. Aaron plans to visits the world's tropical production powerhouses of Brazil and India to learn more about farming systems in similar conditions and elements of those systems that may be suited to production in northern Australia...
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Catalogue: GRDC Factsheets
It is important to understand gross margin budgets and their role in farm financial analysis... Having all positive enterprise gross margins in a farming business does not necessarily mean the total business is profitable, as other costs such as overhead costs and financing costs are not taken into account in gross margins... As gross margins only assess variable costs, they should not be the sole information used to calculate the cost of production...
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Catalogue: GRDC Updates
Options include increasing the capacity or number of header(s) we own, bringing in contractors, starting harvest earlier with aeration drying through a large storage complex, and methods to improve harvesting efficiency (chaser and mother bins)... For many the extreme rainfall events over 2010 resulted in income losses similar to the value of a header, suggesting if they purchased a second header then it could have paid for itself in one year... In the base case of a class 8 header the total cost of harvesting is $13.22/tonne (from table 2) plus $3/tonne to increase harvest efficiency by 30% with a chaser bin for a total of $16.22/t...
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Catalogue: GRDC Factsheets
UNDERSTANDING YOUR KEY FINANCIAL RATIOS HELPS MANAGE YOUR FARM BUSINESS SUSTAINABILITY As farm businesses become more sophisticated and owners strive ever harder to improve profitability and create wealth, the move beyond simple measures of physical production to whole business analysis is gaining momentum... Calculating financial ratios is quite simple - with a little explanation... In summary, the above business has performed at a less than optimal level in the year under analysis...
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Catalogue: GRDC Factsheets
Understand gross margin budgets for cropping... The two areas where gross margins are misused are: (1) when they are used to calculate the cost of production; and (2) when the sensitivity analysis of price and yield is used to indicate enterprise profitability... The GRDC will not be liable for any loss, damage, cost or expense incurred or arising by reason of any person using or relying on the information in this publication...
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