Grain profits in a challenging climate: Coonamble workshop
Author: Toni Somes | Date: 14 Mar 2019
Insights into how grain growers in central western New South Wales are managing farming operations in an increasingly variable climate will be a key element of ‘High Profits From Grain’ workshops being held in Coonamble this month.
The free, half-day workshop will delve into the results of a three-year national investment by the Grains Research and Development Corporation (GRDC), which benchmarked more than 300 grain-growing businesses to identify profit drivers in different regions.
Agripath agribusiness consultant Kim Bowman said the Coonamble workshops would offer growers insights into what drives profit in central western NSW and how technical information could be used to inform on-farm decisions.
The workshop material is based on research from the GRDC investment into ‘The integration of profit drivers and technical information for more informed decisions’.
“Top grain growers show a profit of around 10 per cent of assets managed, while the average show closer to three per cent over the long term,” Mr Bowman said.
“This research examined what the top 20 per cent of businesses were doing differently to achieve this.
“As part of this workshop we will also include management strategies focused on developing profitable and resilient businesses in environments where we experience highly variable climatic conditions.”
The workshops will also provide growers with key information to:
- Understand the performance of the top 20 per cent of growers in their region;
- Build knowledge around profit drivers that make a difference in different agronomic regions;
- Identify the management traits of the top 20 per cent of growers;
- Access diagnostic tools and processes to easily assess their own business performance.
Delivered by Agripath consultants Kim Bowman and Simon Fritsch, the program runs from 9.30am-1.30pm and will be held on March 29 at the Coonamble Bowling Club.
There is no cost to growers or farm advisers, but registration is essential. To register or for more information contact 02 6766 9051 or firstname.lastname@example.org.
Toni Somes, GRDC
0436 622 645
GRDC Project code: RDP00013
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