Young Farmer Business Network

Young Farmer Business Network

Drought and Dry Seasons Support

Using a SWOT analysis to help develop a business strategy

Welcome to the Young Farmer Business Network

2017-18 Livestock Farm Monitor Project now available

Young Farmer's Advisory Council making progress for Young Farmers

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sheep on computer cartoon
published - 11 April 2019
By Sarah Wallis & Grace Calder (Agriculture Victoria)
Join the free Online Young Farmer BestWool/BestLamb group!

Would you like to increase your farm business management skills, expand your networks, engage with other young sheep producers in Victoria about issues affecting your business, and have access to expert presenters, all without having to leave the couch?
Then the online young farmer BestWool/BestLamb group is for you! The group …
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Business Management, Home, Young Farmer Groups

sheep in a paddock
published - 1 April 2019
By Georgie Thomson (Agriculture Victoria)
LFMP Case Study: Top performing farm focuses on what they enjoy

Agriculture Victoria’s latest Livestock Farm Monitor Project (LFMP) for 2017-18 assessed the economic performance of 77 sheep and cattle farms across Gippsland, the South-West, and Northern Victoria regions. The project has a 48-year history in Victoria reporting on characteristics of average and top performance among participant farms.
Case Study
The following …
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Business Management, Resources

Sheep in a paddock
published - 14 March 2019
By Georgie Thomson (Agriculture Victoria)
2017-18 Livestock Farm Monitor Project Data is Now Available

Agriculture Victoria’s latest Livestock Farm Monitor Project (LFMP) for 2017-18 assessed the economic performance of 77 sheep and cattle farms across Gippsland, the South-West, and Northern Victoria regions. The project has a 48-year history of reporting livestock performance and in 2017-18, farm profits (adjusted for CPI) were the second highest …
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Business Management, Resources, Uncategorized

published - 7 March 2019
By Gavin Beever (Cumbre Consultants)
Using a SWOT analysis to help develop a business strategy

A SWOT (strengths, weaknesses, opportunities and threats) analysis is an excellent tool for reviewing your farm business.
It is a quick and easy tool to use.
In doing a SWOT, you review your current strengths, weaknesses, opportunities and threats in respect to achieving your desired outcomes.  
This can provide some logical steps …
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Business Management, Uncategorized

GRDC Farm to Profit Updates
published - 1 March 2019
By Kellyanne Harris (Agriculture Victoria) & Matt McCarthy (ORM)
GRDC Farm Business Updates – March 2019

The GRDC Farm Business Updates are scheduled for Sale on Wednesday 6th March and Geelong on Thursday 14th March 2019.
The GRDC Farm Business Updates aim to provide participants with analysis and tools to assist with business planning into the upcoming season and beyond.
At Sale the following is on the …
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Business Management, Uncategorized

Young farmers at the young farmer bootcamp
published - 16 January 2019
By Sarah Wallis (Agriculture Victoria)
February dates announced for Mallee and Wimmera Young Farmer Bootcamps

Agriculture Victoria is inviting young farmers across the Mallee and Wimmera to attend free workshops to develop skills in managing farm businesses for both the short and long term.
The Young Farmer Business Bootcamps are suited to young farm business managers and owners seeking to forge a successful career in the …
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Business Management, Resources, 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

Opportunity cost youtube thumbnail
published - 14 November 2018
By Claire Waterman (Agriculture Victoria)
What is opportunity cost? – Economic Video Series

This short economic video about opportunity cost follows Gary, a broadacre wheat farmer with a dream to see the Kiss farewell tour. Gary’s business is booming, and he’s ambitious about expanding his operation. He’s been contracting out his harvesting each season, but this year he’s hoping to save on that …
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Business Management, Resources

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