High profits from grain – Condamine Workshop

Author: | Date: 07 May 2018

Grain growers in the Western Downs region are invited to a workshop which will explore key profit drivers, and how to make the most of information and technology to boost grain profits.

It will draw upon the results of GRDC research on integrating technical data with farm management to make more informed decisions, as well as the findings from up to 15 years of farm benchmarking of over 200 farms in Queensland and New South Wales grains region.

Consultants Simon Fritsch and Kim Bowman, of business and agronomy consultancy Agripath, will be presenting the workshop. Mr Bowman said grain growers have a lot of technical data at their disposal, but not necessarily the information they need to leverage it for profit.

“According to ABARE figures the average grain grower shows a profit of around 3% of assets managed. Growers in Agripath benchmarking average around 6%, while the top 20% of farms achieved more than 10%.

“This means there is potential to lift annual profit from around $300,000 to $1,000,000 on a typical farm where the value of land and machinery is around $10 million.

“The presentation will step through the research findings which identified the common characteristic of the top 20% of growers in Queensland and NSW, and will also include collaborative, interactive exercises, such as creating a representative farm for the region and analysing a range of scenarios.

“This information is really for any grower, but particularly those with a special interest in being progressive or for younger growers striving to improve farm business performance,” he said.

The Workshop will be presented on Friday 22 June, from 9am to 2pm at the Condamine Sports Club. Attendance is fully sponsored by GRDC with lunch and refreshments provided.

For more information and to register go to the Agripath website, or contact kimbowman@agripath.com.au or 0429 309 909.

Contact Details

For Interviews

Kim Bowman, Agripath
0429 309 909
kimbowman@agripath.com.au

Contact

Ellen McNamara, Cox Inall Communications
0429 897 129
ellen.mcnamara@coxinall.com.au