Farm finance and tips for bank negotiation on agenda at GRDC forum
Author: Toni Somes | Date: 14 Mar 2018
Grain growers in central western New South Wales will have an opportunity to hear the latest data outlining the rewards and risk of mixed enterprises, as well as tips for on-farm equipment investment and negotiating with the bank at a farm business forum in Condobolin next Thursday (March 22).
With the theme “Strategic Steps: Enduring Profitability” the 2018 Grains Research and Development Corporation (GRDC) Farm Business Update will offer growers information on a range of topics designed to improve management knowledge and inform on-farm decision making.
One of the key presenters will be Eric Nankivell from Farmanco, who will use regional data to explore the risks and rewards of various mixed enterprises. He will also look at the best return for investment when it comes to inputs this season.
While David Smith from ORM will take a ‘hard look’ at the benefits of having a planned approach to plant and equipment investment. He will also use case studies to compare the costs and efficiencies of harvesters and sprayers, with a particular focus on the efficiencies of a tow-behind versus self-propelled boom spray equipment.
Finance expert Brad Sewell from Robinson Sewell Partners will present an overview of national farm debt by region and industry, as well as offering straightforward information on bank margins, the cost of finance and tips for negotiating with the bank.
GRDC Grower Relations Manager North Richard Holzknecht said the Forum offered growers important opportunities for improving management knowledge and decision making in a grain-growing operation to enhance profitability.
“Farm profitability and the profitability of the grains sector in general, really hinges on what happens in the paddock, so the more informed growers are the better they can make key decisions that impact their business growth and development,” Mr Holzknecht said.
“This Farm Business Update will explore issues such as enterprise structure, finance and investment, and importantly how we manage one of our most important resources people, so I would encourage those with a vested interest in the grains indusrty to come along.”
The GRDC Farm Business Update in Condobolin is open to growers, advisers, consultants, rural service providers and agribusiness representatives. The event will be held at the Condobolin RSL from 9am-1pm on Thursday, March 22.
David Smith, ORM
03 5441 6176
Toni Somes, Cox Inall Communications
0427 878 387
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