Farm business models – why consider a change
- Corporate farming businesses manage overhead costs, financial risk and increase their access to capital investment by operating with a clear separation of farm asset ownership and business management and a reliance on employed labour.
- Using this corporate approach to develop a tailored, alternative farm business model has the potential to produce a more profitable and resilient family farm.
- Alternative farm business models can enhance profitability, provide more effective risk management (by sharing the risk with others) and assist with business succession.
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GRDC Project Code ORM00015, ORM00016