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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: GRDC Updates
Agricultural assets have a place in a balanced investment portfolio... Soil is where any agricultural production business starts... Summary rural sector fundamentals are very strong; soil is where you start; the real estate; the business; best farmers are making very good returns; must be a 'Top 20%' producer; and challenges...
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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 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: GRDC Updates (South)
The adoption of a production system where only crops have to be managed, can be rationalised on the basis that a manager is likely to perform better in an area in which he or she specialises and prefers... Managers need to focus on the unit Cost of Production (before interest), or Break Even Price (after interest), to ensure that there is sufficient margin between these figures and their expected returns... It is appropriate that when a property is purchased, a qualified assessor be engaged to provide a depreciation and capital works report...
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Catalogue: GRDC Updates (South)
The adoption of a production system where only crops have to be managed, can be rationalised on the basis that a manager is likely to perform better in an area in which he or she specialises and prefers... Managers need to focus on the unit Cost of Production (before interest), or Break Even Price (after interest), to ensure that there is sufficient margin between these figures and their expected returns... It is appropriate that when a property is purchased, a qualified assessor be engaged to provide a depreciation and capital works report...
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Catalogue: GRDC Updates
An increase in land area can lead to improvements in profit but it requires significant capital investment which can increase risk... The results, shown in Figure 1, demonstrate that for grazing farms there is a trend beyond $4 million dollars in asset value for farm profitability to decline as asset value increases... Consider the same manager with the same business now looks at his existing system and realizes that there are opportunities for improving profitability on the existing area...
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