More profitable farms the focus at Condamine
Author: Toni Somes | Date: 18 Jun 2018
Condamine grain growers and agronomists will be offered insights into what the industry’s top performers are doing and how they could use technical data to improve farm management and make more money.
The insights will be part of a High Profit from Grain workshop being hosted by the Grains Research and Development Corporation (GRDC) and farm business consultancy, Agripath, at Condamine on June 22.
The half-day workshop will showcase information from a three-year national project funded by the GRDC, as well as some long-term findings from benchmarking work involving more than 200 farms in Queensland and New South Wales.
Presented by Agripath consultants Simon Fritsch and Kim Bowman the workshop will explain to growers the key profit drivers and performance indicators of the grains sector, and show how a successful framework can help build resilient and profitable businesses for the long term.
Mr Bowman said grain growers had a lot of technical data at their disposal, but not necessarily the information they needed to leverage it for profit.
“According to ABARE figures the average grain grower shows a profit of around 3 per cent of assets managed. Growers in Agripath benchmarking average around 6 per cent, while the top 20 per cent of farms achieved more than 10 per cent,” he said.
“So there is potential for your average grower to lift annual profit from around $300,000 to $1,000,000 on a farm where the value of land and machinery is around $10 million.
“This workshop will step through the research findings, which identified the common characteristics of the top 20 per cent of growers in Queensland and NSW, and will analyse a range of scenarios specific to the Western Downs region in an interactive forum.
“It is information suitable for any grower, but really geared towards those who are progressively looking for ways to improve farm business performance.”
The workshop will be held on Friday, June 22 from 9am to 1pm at the Condamine Sports Club. Attendance is fully sponsored by the GRDC with lunch and refreshments also provided.
Toni Somes, Cox Inall Communications
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