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Risk

Catalogue: GRDC Publications
Farmers see pH as a influencer of yield and test and manage soils ... Overall, farmers lack skills/confidence to have a go - and don't know a "trusted someone" to get advice from... This season he had a delver made and he now contracts himself out to farmers...
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Catalogue: GRDC Updates (South)
Failure to meet obligations outlined in a grain contract can be costly to a business, so it is important to have systems in place and manage contracts ... The averages should not be seen as reflecting the overall average price achieved for APW by pool operators... The three key considerations when assessing the forecasting accuracy of a given pool operator is the: n difference between the FPR and the average EPR published during the decision period (i.e. how much less/more did growers receive from what they were expecting)...
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Catalogue: GRDC Updates
Intuitively we would believe that cropping has greater risk and potentially greater returns compared to livestock enterprises... The analysis presented in this paper is focussed on part of the business risk (price, yield and costs)... Historically when we wanted to compared different options we would conduct analysis using average values, such as the average price of grain, the average expected yield and the average expected costs...
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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 Media
For some of us, it has also been a stark reminder of the climatic uncertainties we face in agriculture and the value of having a risk management strategy in place... While we can't control weather events, we can control our approach to managing risk - some would say that profit made is the reward for managing risk well... A risk management strategy can then be devised following some simple steps - list the business risks, analyse the likelihood of the risk occurring against the size of the potential financial impact, prioritise the risks and focus on strategies to manage the major ones...
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Catalogue: GRDC Media
For some of us, it has also been a stark reminder of the climatic uncertainties we face in agriculture and the value of having a risk management strategy in place... While we can't control weather events, we can control our approach to managing risk - some would say that profit made is the reward for managing risk well... A risk management strategy can then be devised following some simple steps - list the business risks, analyse the likelihood of the risk occurring against the size of the potential financial impact, prioritise the risks and focus on strategies to manage the major ones...
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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 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 Media
Going forward, there doesn't seem to be any reason why the trend of increasing cost of inputs would change if crop intensity and farm scale continue then we need to accept that the cost structures of our businesses are increasing... "Costs are increasing at a faster rate than the actual value of our commodities we're producing, so when fine tuning the operation and profitability of the business, the challenge for inpiduals is to decide whether they should continue to produce more tons at tighter margins or should they review inpidual farming systems with a view towards reducing whole of business costs.".. Profit potential is managed by applying new technologies to increase farm scale and improve efficiencies overall when whole of business costs are high and income is variable due to Australian seasonal volatility, then large financial losses occur in some years."..
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Catalogue: Ground Cover
Smart business built on innovative thinking.. "Over the years having irrigation has given us the opportunity to grow a variety of seed crops, including a range of brassica crops and even broccoli," Damien says... "If you had a variety of wheat or barley that could grow in water for six weeks of the year and survive Mention GMOs and Brendon is adamant they are "an essential part of our future"...
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