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successful business

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 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: Nuffield Scholar Reports
I believe those farmers who have the philosophy "my job is to grow the grain, not market it" may struggle under a new freer grain marketing arrangement, especially if they are not prepared to spend time on that arm of their business... The issue of accountability, often seen as a negative, can actually be a powerful tool to help drive a business forward I saw many examples of joint ventures in my Nuffield travels, some of which I will provide more detail on later in this report... I believe one of the great opportunities in agriculture currently is for more farmers to take control of their own destiny and create their own opportunities by becoming more business savvy...
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Catalogue: GRDC Updates
Have a deep understanding of the key profit drivers within your business.. Surround your business with highly skilled and trusted advisors.. Research, question, listen and then apply after considerable thought is given...
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Catalogue: GRDC Updates
The move towards collaborative ventures has always been a natural progression for John, with his involvement in a cooperative farmer buying group, a farm management discussion group "Breakthrough", and their share farming operations... In a unique arrangement, their business also shares an employee with another like minded farming operation fifty kilometres away, creating one full time position between the two properties... In 2006 John was awarded a Nuffield Scholarship, sponsored by ABB Ltd, to study collaborative ventures around the world...
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Catalogue: Nuffield Scholar Reports
The travel and associated study undertaken as a result of the scholarship had two core themes and the findings, conclusions and recommendations from this study are presented in this report... Australian farmers have been very innovative over the last 30 years and are amongst the most efficient in the world but I now believe this can-not continue as it has as we are losing too much human capital from food production... There is great interest among growers and merchants that I met about the market demand for true organic hops as compared to Northern Hemisphere organic hops which still get a lot of "organic "chemical applications such as copper...
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Catalogue: Ground Cover
With profit margins in the eastern wheatbelt tight, Mr Kirk says even small changes across the production system can have a large impact on profits... "Even a 10 per cent change in running costs, grain yield or secured grain price can impact profits by 50 to 60 per cent," he says... While increasing grain yields in the low-rainfall region is a challenge, Mr Kirk says the better operators have shown it is not impossible: "A 10 per cent increase in yield would require an investment in new technology and practices, but such a move could translate into a $28/ha increase in profits."..
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