Young Farmer Business Network

Stylized image of dry conditions
published - 14 August 2019
By Young Farmer Business Network
Agriculture Victoria Drought and Dry Seasons Support – Updated August 2019

The Victorian Government has committed $50 million in targeted support for farm businesses and farming communities impacted by drought and dry seasonal conditions.
The funding acknowledges the economic and well-being impacts of ongoing drought and dry conditions to Victorian farmers and there are a number of grant and assistance programs available …
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Risk Management, Scholarships, Awards and Support, Uncategorized

on-farm grain storage
published - 17 July 2019
By Kellyanne Harris (Agriculture Victoria), Chris Warrick (Grain Storage Specialist)
Economics of On-Farm Grain Storage

As growers continue to expand on-farm grain storage, the question of economic viability gains significance. 
To make a sound financial decision, you need to compare the expected returns from grain storage vs expected returns from other farm business investments, such as more land, a chaser bin, a wider boomspray, a second …
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Business Management, Home, Resources, Risk Management

Pasture paddock
published - 8 July 2019
By Georgie Thomson & Tristan Wardley (Agriculture Victoria)
Investing in pasture development

The key criterion in judging whether an innovation is worth adopting concerns the extent to which the innovation is likely to help the owners achieve their goals (Malcolm, Makeham & Wright, 2005).
This article considers the decision to invest in perennial or annual pastures 
The process of valuing pasture investment involves judiciously …
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Business Management, Risk Management, Uncategorized

Quad bike with barrier
published - 12 December 2018
By Nick Tsaktsiras (Agriculture Policy, Agriculture Victoria)
Quad bike rebates and safety videos

Farm safety is crucial for good farm management
A timely reminder for all of us to stay safe on farm and remind those around us to think about safety.  
Unfortunately, as many of you would know – farm deaths made up 14 out of the 27 work related deaths in …
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Business Management, Risk Management

published - 9 November 2018
By Claire Waterman (Agriculture Victoria), Andrew Zull (Queensland Government, Department of Agriculture and Fisheries) Chris Carter (AEGIC (formerly Government of Western Australia, Department of Primary Industries and Regional Development))
Comparing Crop Management Options with a Risk and Return Economic Framework

The Back of the Envelope Risk Analysis (BOERA) developed by Queensland Department of Agriculture and Fisheries enables you to test your crop management options using likely crop performance, potential impact of constraints and the likely economic returns.
Farm management decisions often involve many choices, including do-nothing. For many on-farm decisions …
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Business Management, Risk Management

Avoid sunk cost youtube thumbnail
published - 9 November 2018
By Claire Waterman (Agriculture Victoria)
Avoid sunk cost interfering with your decisions – Economic Video Series

This short economic video on helping to avoid sunk cost follows Pete, a broadacre farmer who is wanting to have a good harvest this season, but grain prices are low. Pete believes prices might improve in the future. He decides to purchase grain storage and pays a $20,000 deposit. However …
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Business Management, Resources, Risk Management

Diminishing marginal returns Youtube thumbnail
published - 9 November 2018
By Claire Waterman (Agriculture Victoria)
What are diminishing marginal returns? – Economic Video Series

This short economic video about diminishing marginal returns follows George, a broadacre wheat farmer with a dream to buy a helicopter. But that dream depends on getting the most out of this season’s crop. Watch below to see how George considers how much fertiliser to use.
 

 
This video is part of …
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Business Management, Resources, Risk Management

Young Farmer attending a Business Bootcamp
published - 9 November 2018
By Sarah Wallis, Agriculture Victoria
Young Farmer Business Bootcamps in Sale – December 2018

Are you a young farm business manager and/or owner seeking to forge a successful career in the beef, sheep and dairy industries in the Gippsland region. If so, we encourage you to sign up for a two-day intensive business bootcamp in Sale on the 7th and 17th of December, starting …
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Business Management, Risk Management, Scholarships, Awards and Support, Succession Planning, Young Farmer Groups