Topic: business management
Success in a challenging season – 2018
When looking back at the 2018 season, most farmers in the eastern states of Australia will remember it as being very challenging. By far the biggest challenge in 2018 was a lack of rain. Many areas would only receive decile 1 or 2 annual rainfall and this was compounded by …
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 …
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 …
Sunraysia is next – Young Farmer Business Bootcamp
Local member of Agriculture Victoria’s Young Farmers Advisory Council, Jennifer Zappia, is encouraging young farmers to sign up for the Sunraysia Young Farmer Business Bootcamp coming in August.
The bootcamp gives anyone in a farm business position the opportunity to enhance their financial skills, and directly apply this in their everyday management.
New Farm Business eLearning module available now
The Young Farmer Project, with the support of Agriculture Victoria, has now launched its first online learning module, the Farm Business eLearning module.
This module has been designed for all farmers, from those new to managing farm businesses, to those just wanting to brush up on some farm business management …
Using a Decision Tree to help Make Decisions
Making decisions, the Decision Tree analysis method
Making decisions can be tricky, especially when there are many different possible choices and outcomes. One tool that may assist you in this process is a Decision Tree.
A Decision Tree is a graphic representation to visualise different choices, with a probability analysis to …
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 …
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 …
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 …