SA farm business forum to tackle Brexit and more
Britain’s exit from the European Union and the implications for South Australia’s agricultural sector will be addressed at the Grains Research and Development Corporation’s (GRDC) annual Adelaide Farm Business Update on August 22.
Headlining the event and providing insight into the Brexit referendum outcome repercussions will be Australian Farm Institute executive director Mick Keogh, who is also the Australian Competition and Consumer Commission's first ever agricultural commissioner.
GRDC Southern Regional Panel deputy chair Mike McLaughlin says this year’s Farm Business Update at the Adelaide Convention Centre will tackle some of the major enterprise issues facing SA’s grain growers.
“Growers and their advisers in this State have witnessed and experienced great change over the past decade, with commodity prices taking a hit as input costs have more than doubled, and the cost of land continues to grow above the trend,” Mr McLaughlin said.
“This scenario means growers must take considered measures to reduce risk and increase profits – and options for achieving this will explored at this year’s Adelaide Farm Business Update.”
The event will begin with a scan of the regional farm business environment, reviewing input costs, commodity prices and capital costs.
Then four topics will be briefly covered before delegates choose which two topics they wish to “dig deeper” into during facilitated sessions of their peers and advisers.
The four topics to be explored are: tweaking enterprise selection for more profit and less risk; determining when machinery should be upgraded; smarter management of farm business data; and land ownership versus leasing and share farming.
The program and structure for this year’s GRDC Adelaide Farm Business Update will allow participants to benefit from the combined experience of fellow grain growers and professional advisers by engaging in open, facilitated discussion on these challenging subjects.
The Farm Business Updates are an initiative of the GRDC Southern Regional Panel and since their inception they have played a successful role in enhancing growers’ knowledge and understanding of significant farm business issues.
Mike McLaughlin, GRDC Southern Panel
0409 693 906
Sharon Watt, Porter Novelli
David Bone, ORM
0407 111 630