Spotlight on the business of farming at Naracoorte
Author: Sharon Watt | Date: 10 Jul 2019
Grain growers from throughout the South-East and Western Victoria will gather in Naracoorte later this month to discuss potential avenues for growing the profitability of their farm enterprises.
The Grains Research and Development Corporation (GRDC) is hosting a Farm Business Update at the Naracoorte Town Hall on Wednesday, July 31.
Topics to be discussed include investing in on-farm grain storage, decision-making based on climate science, precision agriculture, and options around buying and leasing land and investing off-farm.
GRDC Grower Relations Manager – South, Darren Arney, says the Farm Business Update will provide regional growers with an opportunity to hear from industry experts about new approaches to generating profitability within farming enterprises.
“Opportunities exist to enhance the bottom line of farm businesses in the South-East by directing attention to those aspects of the business that don’t necessarily involve the day-to-day operations of sowing, growing and harvesting crops,” Mr Arney says.
“The forum at Naracoorte will focus on the business side of farming where, by applying new ways of thinking, real differences can be made to profit margins.”
How to make grain storage work and get more value out of the supply chain will be the focus of a presentation by Chris Warrick from Primary Business.
Mr Warrick, who also co-ordinates the GRDC’s Grain Storage Project, will outline the key planning and design features of effective on-farm storage and will explain how growers can develop marketing and operational practices that improve the bottom line.
Peter Hayman from the South Australian Research and Development Institute will delve into the question of whether climate science can improve grain grower profit, providing examples of how data from the past can inform future decisions.
Taking a profit-first approach to precision agriculture (PA) will be Royce Pitchford from Rural Directions who will look at the impact of PA through strategic, tactical and reactive approaches.
Considerations around buying and leasing additional land or investing off-farm will be discussed by Mike Krause from P2P Agri who will dissect the fundamentals for investment analysis and the current market conditions around securing finance.
To be attended by growers, advisers and agribusiness personnel, the GRDC Farm Business Update will be from 9am to 1pm, with catering provided (including lunch).
Darren Arney, GRDC
0447 877 178
Sharon Watt, GRDC
0409 675 100
GRDC Project code: ORM00015
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