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business risk

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
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
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: Ground Cover
A BCG project examining farm profitability and risk has gone some way to showing growers that it is possible to take control of their farm business and make better business decisions, even when faced with unfavourable climatic conditions... The project had growers take part in workshops that investigated how farm profitability and risk were affected by a range of variables including climate, soil type, enterprise mix (crops/sheep), level of debt, machinery investment and land purchase... The project focused the group's attention on the worst-case scenario, with the understanding that under the best-case scenario the business would do well under any circumstances...
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Catalogue: GRDC Media
For some of us, it has also been a stark reminder of the climatic uncertainties we face in agriculture and the value of having a risk management strategy in place... While we can't control weather events, we can control our approach to managing risk - some would say that profit made is the reward for managing risk well... A risk management strategy can then be devised following some simple steps - list the business risks, analyse the likelihood of the risk occurring against the size of the potential financial impact, prioritise the risks and focus on strategies to manage the major ones...
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Catalogue: GRDC Media
For some of us, it has also been a stark reminder of the climatic uncertainties we face in agriculture and the value of having a risk management strategy in place... While we can't control weather events, we can control our approach to managing risk - some would say that profit made is the reward for managing risk well... A risk management strategy can then be devised following some simple steps - list the business risks, analyse the likelihood of the risk occurring against the size of the potential financial impact, prioritise the risks and focus on strategies to manage the major ones...
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Catalogue: GRDC Media
ORM Agricultural Management Managing Director Phil O'Callaghan has told Grains Research and Development Corporation (GRDC) Farm Business Updates that the costs of production are increasing more rapidly than the value of their production, putting more financial pressure on margins and profits... "Costs are increasing at a faster rate than the actual value of our commodities we're producing, so when fine tuning the operation and profitability of the business, the challenge for inpiduals is to decide whether they should continue to produce more tons at tighter margins or should they review inpidual farming systems with a view towards reducing whole of business costs.".. Profit potential is managed by applying new technologies to increase farm scale and improve efficiencies overall when whole of business costs are high and income is variable due to Australian seasonal volatility, then large financial losses occur in some years."..
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Catalogue: GRDC Publications
Farmers see pH as a influencer of yield and test and manage soils ... Overall, farmers lack skills/confidence to have a go - and don't know a "trusted someone" to get advice from... This season he had a delver made and he now contracts himself out to farmers...
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Catalogue: Ground Cover
After recording 200 millimetres of rain for the year up to September, Aaron Edmonds is starting to see the potential of the sandalwood trees he has planted to add both commercial and agronomic strength to his grains enterprise... Aaron Edmonds and his family have planted sandalwood trees to diversify income on their 2000-hectare property at Calingiri, Western Australia... Aaron says the sandalwood trees are handy to have in a dry year as they tap into moisture reserves well beyond the reach of annual crops, effectively drought-proofing the soils on which they grow by providing a production alternative...
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Catalogue: GRDC Research Summaries
We will use the APSIM and GRAZPLAN agricultural simulation models extensively in this project... enabling the range of participants in Grain and Graze to more clearly understand the "value proposition" for mixed farming: when, where, why and how crops and livestock should be integrated The results of our research will be delivered to each of the 7 Grain & Graze regions and also to national stakeholders (in particular the Australian Government)... We will review the conceptual basis for integration in mixed farming, to help Grain & Graze participants think more clearly about integration questions, and clarify the costs and benefits of integration in mixed farming via systems analyses...
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