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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
The benchmarking process is commonly used for comparative analysis to improve business performance... No two businesses - or business people - are the same, so care is needed when comparing your business to others, as you may not be comparing 'apples with apples'... Business performance can only be judged against goals...
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Catalogue: Nuffield Scholar Reports
Following my research, I believe that commodity production may well be the best way for Australia to exploit its comparative advantage of relatively cheap land and good environmental standards... The study expanded the definition of value adding to include relationships with customers, diversifying and investing off-farm... Australian farmers also need to look to expand their businesses to include value adding in some form, be that better alignment with end point processors, further involvement up the supply chain through investment or partnerships, investing off-farm or diversifying geographically to spread risk...
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Catalogue: GRDC Updates
Farmers see advantages in land values being held down by lower productivity levels in allowing them to expand their businesses.. Five wheat producing businesses were studied across a production transect varying from highly productive land on Yorke Peninsula (average wheat yield 4.5 tonne/Ha) to marginal cereal growing area in a low rainfall district of the Upper North (average yield 1.3 tonne/Ha)... All the businesses studied showed a profitable outcome at average yields (refer Figure 2- only the highest and lowest yielding farms included)...
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Catalogue: Nuffield Scholar Reports
Adding value to grain sheep and lambs and crops through the use of.. The aim of the study was to look at ways of increasing profitability for the export grain growing areas of Australia through the use of livestock... The success of this part of our business was the main reason behind choosing a study topic that looked at increasing the productivity of this farming system that we had implemented, and ensuring that we were achieving optimal returns for our livestock by enhancing their management systems...
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Catalogue: Ground Cover
A highly diversified enterprise at Lucindale, South Australia, has opened the gate to value-adding and marketing opportunities for the Seears family.. The quest to better understand the pulse supply chain prompted Lachie to change his perspective about the processing sector and to invest in on-farm strategies to keep the business moving forward and closer to end users... We developed management structures such as training staff and establishing processes which allow me to work on our business, not just in it."..
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Catalogue: GRDC Factsheets
The benchmarking process is commonly used for comparative analysis to improve business performance... No two businesses - or business people - are the same, so care is needed when comparing your business to others, as you may not be comparing 'apples with apples'... Business performance can only be judged against goals...
Related categories:
Catalogue: GRDC Factsheets
The benchmarking process is commonly used for comparative analysis to improve business performance... No two businesses - or business people - are the same, so care is needed when comparing your business to others, as you may not be comparing 'apples with apples'... Business performance can only be judged against goals...
Related categories:
Catalogue: Ground Cover
A highly diversified enterprise at Lucindale, South Australia, has opened the gate to value-adding and marketing opportunities for the Seears family.. The quest to better understand the pulse supply chain prompted Lachie to change his perspective about the processing sector and to invest in on-farm strategies to keep the business moving forward and closer to end users... We developed management structures such as training staff and establishing processes which allow me to work on our business, not just in it."..
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Catalogue: Ground Cover
Farm business grows on novel mix of options.. The plan was to cold-press canola to produce oil for use in animal feeds and biodiesel, with canola meal also sold for animal feed... Rob says there is nothing new in the technology to cold-press oilseeds, but it is the only operation of its kind in Tasmania...
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