November 7th, 2021Best practice lessons for farmers
For some farmers, running a business according to best practice management techniques is something to aspire to, but for many it’s not always easy knowing where to start.
To help farm business owners understand what best practice looks like, Agriculture Victoria is presenting a series of webinars including Budgeting, Managing Profits and Succession Planning.
The Budgeting and Managing Profits webinars will be presented by Meridian Agriculture farm business consultant Paul Blackshaw. The Succession Planning webinar will be presented by lawyer Claire Booth, a Nuffield Scholar and cropping and beef farmer.
Mr Blackshaw says the webinars will help with the short and long-term running of a farm business.
“The more you understand your business and where it is heading in the longer term, the more you can make informed decisions,” Mr Blackshaw says.
“Budgeting gives you the roadmap for financial performance and allows you to identify deficits or opportunities and make adjustments along the way.
“As for Managing Profits, a lot of businesses are generating profits they haven’t been used to in the past. Here is an opportunity and they need to know how to best use these profits to benefit the business in the long term.”
The free, one-hour Farm Business Essentials webinars will be held at 7.30pm on:
- Wednesday 10 November: Budgeting: How to create a budget, review it regularly, and use it as a communication tool.
- Wednesday 24 November: Managing Profits: How to make the best of high prices and good conditions and ensure business profits are put to best use.
- Wednesday 8 December: Succession Planning: How a succession plan helps a farming business manage succession challenges.
Register for any of these online events by 5pm on the afternoon of the webinar. To register, visit agriculture.vic.gov.au/events
This event is provided by the Local Economic Recovery “On Farm Recovery Support Services” project which is jointly funded by the Victorian Government and Commonwealth Government under the Commonwealth-State Disaster Recovery Funding Arrangements.
