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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 Publications
Once we've completed an analysis of your business, our counsellors can help to build cash flows, forecasts and budgets so you can determine what lies ahead and make decisions based on valid information... As price received increases the working capital requirement reduces which indicates less risk associated with the business... 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 Publications
DPI Grains Innovation Park, Horsham.. We conduct basic and applied research using both ground robots and aerial robots that is helping to shape the future of farm mechanisation... A recent study conducted by ORM for the Birchip Cropping Group's Grain & Graze project, utilized the Ag Profit data to provide an example of how benchmarking can help individuals understand both their own performance and that of their enterprise mix...
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Catalogue: Nuffield Scholar Reports
Products may be identified by proprietary or trade names to help readers identify particular types of products but this is not, and is not intended to be, an endorsement or recommendation of any product or manufacturer referred to... The schemes are often viewed as a box-ticking exercise by management within the business and the degree of ownership or buy-in from management and staff is low... Overall, the increasing scarcity of arable land, water constraints and rising input and energy costs in agriculture all serve to highlight the critical importance of achieving higher agricultural productivity in a more sustainable manner both at the farm level and upstream and downstream sectors of the food supply chain" (OECD/Food and..
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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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Catalogue: GRDC Updates
Self assessment (or reflection) can benefit individuals, families, and businesses... Businesses can benefit from engaging in a semi formal process of self assessment to ensure regular reflection of performance and relationships... To increase self-awareness we must re-evaluate ourselves and encourage others to do the same...
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Catalogue: GRDC Publications
At Agrimaster, we use a set of powerful business tools to breakthrough barriers so you can see where you are 'now', 'where' you want to go and 'how' you are going to get there... Before we judge the proposal, I will provide some context... If family businesses make the majority of their decisions considering the impacts on family only, the business is often left bearing the negative consequences of these decisions...
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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
Farm Business continuity - key factors for taking farm businesses into the future.. Significant impacts on the family can occur when all decisions are made based on the business and its needs... When family members in a business make the majority of their decisions considering the impacts on business only , the family is often left bearing the negative consequences of these decisions...
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Catalogue: Nuffield Scholar Reports
The decision to expand into dairy goats was made for a number of reasons, opportunity of land becoming available, potential of value adding, greater increase in income possible compared to cows in the long term, possibile synergy between animals and we would be using knowledge and equipment we already have plus the challenges of a new enterprise... I would like to give others the same opportunities as I have had with this scholarship, particularly for my family... I found the China experience very humbling with so many people living in what we would regard as poverty but at the same time they seem happy and so proud to welcome us and share their life's experience...
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