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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 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: GRDC Updates
Rainfall and climatic conditions cause large variations in grain yields, resulting in annual Victorian wheat production varying in the range 1 to 3 million tonnes.. Farm costs are increasing and are difficult to adjust in line with seasonal variation continue an upward trend as illustrated by machinery costs over the last 15 years... 15 years later the same sample of farms now spend over $800,000 per year...
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Catalogue: GRDC Updates
Cropping enterprises achieve better profits when the total spent on fertiliser and chemicals as part of farm inputs is in the range of 25 - 28% of the five year average income... For intensive croppers with high cost paddocks, a 20% reduction in crop area can maintain profits while reducing production and financial risk... Profit is driven by income and costs the impact on income should be considered when changing costs. '..
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Catalogue: GRDC Updates
Understanding farmer decision making and adoption behaviour.. The model shown below describes factors involved in decision making processes... While the decisions made might not result in the optimal outcome, intuitive decisions are usually right if they 'feel' right...
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Catalogue: GRDC Factsheets
The checklist will help you get an appreciation of your current level of understanding of farm business management and identify areas you may want to focus on... There are references to recent GRDC Farm Business Management Fact Sheets to provide you with suggestions and guidance on improving your farm business management skills... 1. Strategy - setting direction and overseeing your business...
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Catalogue: GRDC Factsheets
The checklist will help you get an appreciation of your current level of understanding of farm business management and identify areas you may want to focus on... There are references to recent GRDC Farm Business Management Fact Sheets to provide you with suggestions and guidance on improving your farm business management skills... 1. Strategy - setting direction and overseeing your business...
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Catalogue: GRDC Updates
Over the last 10 years farm income per hectare increased about 50 % it is offset by an increase in cost per hectare of crop inputs, machinery and finance... The increase in farm costs, when combined with increased seasonal income volatility, results in tighter financial margins per hectare and increases the complexity of decision making... The ORM data included 14 Victorian Mallee farms and showed that over the last 10 years their income had increased and costs had doubled while the surplus remained similar...
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Catalogue: GRDC Updates
Benchmarking and performance analysis - knowing your key drivers of business success.. Rising cost trends are placing greater pressure on farm businesses to achieve higher breakeven yields and prices and maintain profit margins... The level of income earned can also vary significantly from earlier projections as farmers seek to manage both production (rainfall, frost, pest, grain quality etc.) and marketing (global commodity prices) variables...
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Catalogue: GRDC Updates
Rising cost trends are placing greater pressure on farm businesses to achieve higher yields and prices to maintain profit margins... Long term trends for farm costs and income for Northern NSW show that cost trends have more than doubled from 1989 to 2012, as illustrated in Figure 1... Farm operating cost indicators as a percentage of farm income, showing the performance of the individual farm business (blue needle), group average (grey needle), and top profit group (purple needle)...
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