Economic understanding will be a key theme at a Grains Research and Development Corporation (GRDC) Farm Business Update at Dubbo later this month, with experts to delve into how the agricultural sector can best plan for future profitability.
The Update is part of the GRDC’s three year commitment to growers to fund a series of farm business updates annually in locations across New South Wales and Queensland.
GRDC northern panel chair James Clark says the resounding feedback from growers was that they wanted more of these events and he said GRDC had listened and acted.
“Importantly the Farm Business Updates, just like the GRDC Grains Research Updates, rely on a local planning committee to set the topic and speaker agenda,” he said.
“This means the topics discussed are locally relevant and practical which ensures that they deliver meaningful and helpful information to growers,” he said.
The Update is being held on Monday August 31 at the Taronga Western Plains Zoo from 9am to 4:30pm.
Opening speaker and nationally renowned economist Saul Eslake will address the audience on global factors affecting the Australian agricultural sector and national economies, looking specifically at planning for interest changes.
Until recently Mr Eslake was the chief economist at the Australian Arm of Bank of America, Merrill Lynch, Research Division. Prior to this he was the Chief Economist of the ANZ Banking Group Ltd and National Mutual Funds Management (now AXA Australia), McIntosh Securities. He has also served as the Chief Economist at the National Mutual Life Association of Australasia Limited.
The economic focus will also cover all areas of farm profitability, including effective farm business management, business tools for farmers and some of the stories behind the figures.
“As anyone knows, everything we do in our businesses reflects back to the bottom line, so we will also be looking at some case studies of successful models both corporate and family farm based, and communication and people management for better workplaces,” Mr Clark said.
Additional speakers at the Farm Business Update will include Basil Doonan of Macquarie Franklin, Mike Krause of P2PAgri, Agripath director Simon Fritsch, Kate Burke of Think Agri and farmers Greg and Angela O’Brien.
The cost of attendance is $40 per person and $30 for a second person from the same business. Morning tea, lunch and proceedings are provided. Registration at the Update is from 8.15am for a 9:00am start.
To RSVP/register, for further information or the agenda click here, call 03 5441 6176 or email.
James Clark, GRDC Northern Panel Chair
0427 545 212
Ellen McNamara, Consultant Cox Inall Communications
0429 897 129