You are here

business

Categorised under:

Catalogue: GRDC Factsheets
Plan your to manage family farm business changes and the earlier we start succession planning, the more options we will have in responding to the needs of family members and their changing involvement in the farm business... KEY POINtS A succession plan can help farming families and farm businesses to successfully manage anticipated and unforeseen changes in both their family and the business... A long-term strategy having a succession plan is a strategy to help family farm businesses prepare for the long-term transfer of responsibilities, capacity, management, ownership and control of a farm business from one generation of the family to the next...
Related categories:
Catalogue: GRDC Media
Research into risk management in mixed farm businesses has highlighted the benefits of focusing on the 'range' of values for key profit drivers when planning or budgeting, not just 'averages'... The importance of considering what happens at the 'extremes' was discussed with Western Australian consultants and farmers attending recent Grain & Graze 2 events, including 'Optimising Farm Business Risk' workshops in the grainbelt... Planfarm consultant and 'risk and uncertainty' project leader Danielle England said the traditional use of averages and 'static values' for profit drivers - including yield, price and cost - tended to over-estimate profits and hide the range, or volatility, in those profits. "..
Related categories:
Catalogue: Ground Cover
Study sharpens management practices.. Paul began to realise that Australia is as much as 10 years more advanced than North America and Europe with no-till practices and because the Australian market is such a small portion of world machinery sales there are not many manufacturers building machinery to Australian growers' needs... This year, Paul is growing canola for the first time and plans to use his new knowledge of finance gained through the scholarship to assist with farm expansion...
Related categories:
Catalogue: Ground Cover
Collaboration brings corporate performance to family farming.. I knew I wanted a structure that would enable the integrity and heritage of the family farm to be maintained, while at the same time implementing efficient and profitable business practices," John says... Robin and John believe the future is in larger farms, and collaborative agreements offer opportunities for expansion without losing the integrity of the family's assets...
Related categories:
Catalogue: GRDC Updates
If as business owners we do not recognise the relationship and interaction of these cycles, then we will fail to make the decisions early enough in order to survive the pressure they put on us as individuals and families and on our businesses... An example to consider is when we as business owners/farmers get tired and want to do other things; we can unwittingly commit our businesses to decline rather than addressing succession and allowing the new generation to take the business into its next renewal phase... Conflict is a very healthy ingredient to any progressive business, how it is handled and managed is the key to positive change and there would not be a family or business we work with who don't experience some form of conflict on their journey of successfully transitioning their business...
Related categories:
Catalogue: GRDC Updates
Ag Profit aims to help identify risk management practices to help farmers lock in the higher profits during the good seasons, and prepare for and achieve optimal returns during the not-so-good seasons... The development of smart web database technology enables Ag Profit to be an efficient farm business information resource for farmers and their business advisers (such as accountants and farm business consultants).Ag Profit has team members who have many years of combined farm business management experience and has strong Industry support from the Grains Research Development Corporation (GRDC)... There is no conflict of interest between Ag Profit and Business Advisers as Ag Profit only provides the analysis information for the business advisor to interpret with their clients as part of their advisory service...
Related categories:
Catalogue: GRDC Updates
We need to understand the risks better and be more skilled at assessing ways to manage these risks... If we advise farmers, we need to be not only talking about the benefits and costs of our advice, but also what risks are managed or what risks are increased if they take on our advice... The language we need to use with our clients Increasingly, farmers will need to assess the business benefits and costs of the advice they obtain...
Related categories:
Catalogue: GRDC Media
Business structures, personal and business resilience, profit and risk in low rainfall environments and grain marketing will be discussed at an upcoming Farm Business Update for growers in the Forbes region... A shortage of rainfall has been an issue in the latter part of this season, and agronomist Sarah Jacobson will discuss how growers can manage profit and risk in low rainfall environments... Consultant Dennis Hoiberg from Lessons Learnt Consulting considers personal and commercial resilience a vital part of every farming business and he will speak at the event on how growers can develop resilience...
Related categories:
Catalogue: Ground Cover
When Philp Brodie Grains faced potential traffic disruptions from a new neighbour - a Bunnings hardware store - the company reluctantly decided it would have to move... As well as its grain merchant and seed specialist business, Philp Brodie housed a grading and milling operation, Maralong Milling, owned by Philp Brodie directors John Philp and Peter Brodie and local milling stalwarts Ron Plant and Geoff Arthy... As a small producer of soybeans (and mungbeans), Australia's crop is a niche production, which is why the directors say keeping soybeans GM-free is important to their business...
Related categories:
Catalogue: GRDC Factsheets
Plan your to manage family farm business changes and the earlier we start succession planning, the more options we will have in responding to the needs of family members and their changing involvement in the farm business... KEY POINtS A succession plan can help farming families and farm businesses to successfully manage anticipated and unforeseen changes in both their family and the business... A long-term strategy having a succession plan is a strategy to help family farm businesses prepare for the long-term transfer of responsibilities, capacity, management, ownership and control of a farm business from one generation of the family to the next...
Related categories:

Pages