GRDC Farm Business Update - Strategic Steps - Enduring Profit - Bendigo
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Presented at
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Drones utilise the technologies of smart phones and tablets, this mean rapid advances are already imminent and will develop quickly over the next five years. Artificial intelligence (AI) systems are at the beginning of their evolution, the important aspects are ability to deliver real value and data ownership. Blockchain technologies have an applic...
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Create high productivity, low risk, and positive culture workplaces. Increase productivity across the board....
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The best agriculture innovations will come direct from farmers and those actively engaged in agriculture as they understand the industry. Start with the problem – what problem are you trying to solve though your platform, product or service? Validate, validate, validate – get out and speak to your customers. This ensures that you are building a pro...
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Victorian farmland 20 year investment return to 2016 was 9% per annum and includes a return on capital shown as land lease of 4% and capital growth of 5% as reported in Rural Banks Ag Answers May 2016. When compared to other investments this is very strong, suggesting farm land in Victoria has been a good investment option. • Return on capital now ...
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Planning for a storage system is vital to ensure growers can meet current and future needs, a system must be ‘fit for purpose’, to enable growers to outload a quality product and maximise their investment. The cheapest form of storage will be the one that suits your system, the grain being stored and the length of time it’s stored. Permanent on-far...
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A flexible approach is required when developing zonal management plans. Multiple tools are available to help define within-paddock variability, yet no one tool can do it all. Explore opportunities to unlock yield potential by addressing any known soil constraint/s. Soil zones are generally stable and easy to define. Focus on site-specific crop mana...
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Succession planning must be seen as an ongoing process of high-quality human resource management. Rewards and responsibilities must be clear for every person in the business. Contribution of capital must be rewarded in a clear and transparent way....
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Autonomy – explore this concept and create opportunity as this will hold people to your business. Difference adds value so ensure differences are acknowledged and included. Transitions – change is constant so skill up on knowing how to transit. Communication – incredibly important – practice and never short-change on communication. Responsibility a...