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Catalogue: GRDC Updates
There comes a time when the family evolves, that the benefits provided by a partnership structure of individuals or assets held jointly or as tenants in common, begin to decline... The moral of the story is that you should ensure that the business is conducted in a structure separate and independent from yourself and that your assets are held in a structure(s) that provide control and ownership rights are held separately from you as an individual... Where land is held in people's own names or as joint tenants there are issues that need to be addressed if the family wishes to transfer land to the next generation...
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Catalogue: Ground Cover
Business planning also means life planning.. "Having your affairs in order can make a big difference by alleviating stress in a time when emotions are stretched," Mr Robertson says... Every adult needs to consider making an enduring power of attorney that enables financial decisions to be made during a temporary illness or permanent incapacity, Mr Robertson says...
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Catalogue: Ground Cover
Business planning also means life planning.. "Having your affairs in order can make a big difference by alleviating stress in a time when emotions are stretched," Mr Robertson says... Every adult needs to consider making an enduring power of attorney that enables financial decisions to be made during a temporary illness or permanent incapacity, Mr Robertson says...
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Catalogue: GRDC Media
The Grains Research and Development Corporation (GRDC) will change its focus in barley crop investment, giving the commercial sector access to important genetic material developed by the outgoing southern barley breeding program, to enable the best possible advancements in variety development... Dr Betzner said the key focus for GRDC now was to work with the University of Adelaide to make sure that the right licensing framework is put into place to determine access rights and pave the way for the best possible advancements in variety traits... We hope to be in a position to call for expressions of interest in the near future."..
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Catalogue: GRDC Publications
2013 GRDC Farm Business Update for Growers and Advisers - Launceston 77 Once we introduced this strategy to our clients not only did it save them tax initially we noticed another interesting phenomenon and this is demonstrated in the figure below... To encourage reflection, a program or timetable is required to ensure reflection takes place... (Please circle) YES/NO 2013 GRDC Farm Business Update for Growers and Advisers - Launceston 109 5 - Please indicate your degree of satisfaction with the presentations on a scale of 0 to 10 where 0 is totally unsatisfacto,r 5yis moderately satisfactory and 10 is totally satisfactory in regards to: a)How relevant the information presented is to you in working with your rural clients b) How easy it was to understand c)How useful it will be to you when workingwith your clients Easy to Relevance Usefulness Comment understand Local, National and global economic outlook and the potential impact for Tasmanian agriculture Saul Eslake ............................................... ............................................... .................................................
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Catalogue: GRDC Publications
2013 GRDC Farm Business Update for Growers and Advisers - Launceston 77 Once we introduced this strategy to our clients not only did it save them tax initially we noticed another interesting phenomenon and this is demonstrated in the figure below... To encourage reflection, a program or timetable is required to ensure reflection takes place... (Please circle) YES/NO 2013 GRDC Farm Business Update for Growers and Advisers - Launceston 109 5 - Please indicate your degree of satisfaction with the presentations on a scale of 0 to 10 where 0 is totally unsatisfacto,r 5yis moderately satisfactory and 10 is totally satisfactory in regards to: a)How relevant the information presented is to you in working with your rural clients b) How easy it was to understand c)How useful it will be to you when workingwith your clients Easy to Relevance Usefulness Comment understand Local, National and global economic outlook and the potential impact for Tasmanian agriculture Saul Eslake ............................................... ............................................... .................................................
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Catalogue: GRDC Publications
Overall, global recovery is expected to broaden over the medium term provided systemic risks continue to dissipate; new structural policies emerge; and financial conditions remain supportive and orderly... 2014 GRDC Farm Business Update for Growers and Advisers - Merredin WA 34 Over the last twenty years we have seen an over emphasis in relation to the science of agriculture... 2014 GRDC Farm Business Update for Growers and Advisers - Merredin WA 51 Once you have determined your requirements over the next 8-10 years you need to attribute an estimate of the likely cost of replacing this equipment...
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Catalogue: Ground Cover
By Brad Collis The board of the Global Crop Diversity Trust recently gathered for the first time in the underground vaults that will house back-up collections of seed and propagation material for the world's food crops... The Svalbard collection will be administered by the Global Crop Diversity Trust, which is hoping to raise US$260 million (about A$289.3 million) for an endowment fund that can cover the cost of maintaining the collection in perpetuity... Australia's representative on the trust's board, Professor John Lovett, who recently inspected the site, says the trust has reached the halfway mark for funds following a recent US$37.5 million contribution from the Bill and Melinda Gates Foundation...
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Catalogue: GRDC Updates
Take home message Risk, time and cost of capital greatly erode the present value of expected future benefits... Almost every farmer I have ever met has a loan somewhere, and I am sure you can all do the mental arithmetic that the choice I offered you above has a premium of just 5% as an incentive to wait one year for extra cash... In each of tables 1 and 2, NPV is calculated for two different discount rates, while a different scenario of costs and returns is assumed for table 2 than is the case for table 1...
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Catalogue: GRDC YouTube channel
How should farmers approach the 2011 season to reduce their risk when cash resources are depleted... Agricultural consultant, Geoff Fosbury, says: "What I'd like to see farmers do is be very very tight on their phosphorus application, use soil tests to find where they can cut and reduce their costs on phosphorus, to make sure they can allocate enough funds towards the nitrogen side of things and any other micro nutrients that may be needed but mainly nitrogen is the king pin.".. Technology to reduce spray drift GCTV: Drift Reducing Technology..
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