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Catalogue: GRDC Updates
Have a deep understanding of the key profit drivers within your business.. Surround your business with highly skilled and trusted advisors.. Research, question, listen and then apply after considerable thought is given...
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Catalogue: GRDC Updates
Global and commercial realities facing Australian grain growers.. The persistently high value of the Australian dollar has meant that Australian grain prices are lower than they would otherwise have been, given historical exchange rates... As noted earlier it is the combination of seasonal and commodity price factors that determines broadacre farm revenue analysing commodity price trends in isolation does not provide a complete picture...
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Catalogue: GRDC Updates
The results indicate that Australian farm business managers operate in a more volatile business environment than is the case for virtually all national agriculture sectors world-wide, and also that businesses involved in Australian agriculture experience more than twice the level of volatility on average of businesses in other sectors of the Australian economy... The research examines available financial data for broadacre farms in Australia, to ascertain the extent to which farm managers and their business advisors have been able to successfully manage volatility in their business decisions... Australian farm businesses compete with businesses in other sectors of the Australian economy for capital, and human and natural resources it is useful to consider the volatility of the agriculture sector relative to those other sectors of the economy, and also to identify whether the relative volatility of the agriculture sector has changed over time...
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Catalogue: GRDC Updates
Two farm examples are used: Farmer C and Farmer D. The only difference between the two farms is Farmer C had 100% heavy land after purchase and Farmer D had 50% heavy land and 50% light land after purchase.. Each farm in each district will have a different decile break even... I have observed farmers on Eyre Peninsula who have successfully managed the run of dry seasons often have a simple 'rule of thumb' for the business side of the farm...
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