Time to talk farm business at Tasmanian Update

Author: | Date: 02 Aug 2012

Keith Pengilley

Tasmanian grain growers and the industry professionals who service them will gather in Launceston this month to further their understanding of current and future farm business challenges.

The Grains Research and Development Corporation (GRDC) is hosting a Farm Business Update to support growers and advisers in their efforts to improve their business decision-making skills and knowledge.

GRDC Southern Regional Panel member Keith Pengilley, of Tasmania, says the Update is the first of its kind to be held in the State.

“The GRDC has embarked on a new initiative aimed at providing growers and their accountants, financial advisers, agribusiness bankers and farm consultants with enterprise management information and resources to assist in improving grain producers’ incomes,” Mr Pengilley said.

“While the GRDC has previously held grains research Updates in Tasmania where the focus has been very much on the agronomic side of farming, this month’s event will be entirely dedicated to the often-complex business aspects of primary production.”

The event, on August 21, features a keynote presentation by leading economist Stephen Koukoulas who will provide an overview of the potential impact of national and international economic factors on grain growers.

The Managing Director of Market Economics, Mr Koukoulas has more than 25 years experience as an economist in the public and private sectors. He has been employed as chief economist for two major banks, and was Senior Economic Adviser to the Prime Minister between September 2010 and July 2011.

Mr Pengilley said the event would also include a series of concurrent sessions, to be led by a line-up of experts from a range of professions.

Understanding what makes for effective farming systems will be the subject of a presentation by farm business management and training specialist Basil Doonan, from Macquarie Franklin.

John Francis from Holmes Sackett will provide his thoughts on the options for farm expansion and how these can be analysed, while the challenges and opportunities posed by irrigation practices in Tasmania will be outlined by Macquarie Franklin’s Alistair Brooks, who has more than 24 years experience in the water resource sector.

The options and issues associated with trends in farm labour will be detailed by Victorian-based consultant Frank Delahunty, and managing risk in grain growing businesses is a topic to be discussed by Cameron Nicholson, of Nicon Rural Services.

Managing time and embracing change are issues to be taken up by one of Australia's leading work-life balance and team cohesion advocates, Mark McKeon.

An innovation forum will look at record keeping, benchmarking, performance analysis, income protection and risk management solutions.

The Farm Business Update will be held from 9am to 4.30pm at The Tramsheds, Launceston.

More information about the Update can be obtained by visiting www.grdc.com.au/updatedates or by contacting ORM on 03 5441 6176 or email admin@orm.com.au. Registrations can be arranged online via www.orm.com.au/adviser.aspx.




Caption: GRDC Southern Regional Panel member Keith Pengilley, of Tasmania, says the Farm Business Update is the first of its kind to be held in the State.


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