Why should your management be valued in your farm business?

Australian farmers own and manage complex businesses in risky environmental and marketing conditions. They provide these businesses with valuable labour and management but rarely pay themselves the commercial rates for these services. Are you under-valuing your management?

Key Points

• Value your labour and management at commercial rates to accurately assess your business’s true financial capacity and performance. 
• Do your farm business management decisions reflect your business goals? Is it a lifestyle business, or is the goal to develop an efficient and sustainable business? 
• Family drawings should be valued in your farm business accounting. 
• Valuing your management could be the key to improving farm business performance.

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GRDC Project Code AES00006

Region South

• 283.04 kb Valuing family drawings and your management: Why should your management be valued in your farm business? (fact sheet) Australian farmers own and manage complex businesses in risky environmental and marketing conditions. They provide these businesses with valuable labour and management but rarely pay themselves the commercial rates for these services. Are you under-valuing your management?