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Rice Extension Farm Business Essentials Workshop

August 10

Would you like to make the most of your farm business opportunities? Negotiate a better deal with the bank?

All farm business have their tax return completed annually. This report remains one of the least understood and utilised report(s). This workshop will help you turn the information in your tax return into a useful management tool to better understand and manage your business.

Farmers benefit from this training who are:

  • wanting to improve their future business viability
  • unsure how to deal with their bank after making a loss or looking to expand
  • needing support to understand their business risk and how to move forward

How does the learning happen?

  • The workshop is a mix of instruction and activities where participants work on their own business tax return.
  • A farm case study tax return is used, so the final outcomes can be discussed.

Farmers work on their own tax returns. Confidentiality is maintained at all times.

  • The workshop is a mix of instruction and activities where participants work on their own business tax return.
  • A farm case study tax return is used, so the final outcomes can be discussed.
  • Farmers work on their own tax returns. Confidentiality is maintained at all times.
  • A simple manual and the GRDC Farming the Business workbook is provided so participants can be guided to do
    these calculations each year.
  • A discussion of how banks assess client’s ongoing creditworthiness, interest rates and the use of FMD’s.

Outcomes for the farm business :

  • better understand your business financial position and risk.
  • ability to use financial ratios to understand the business’ performance
  • present your farm as a viable and sustainable business to key stakeholders/banks
  • understand how bank’s view businesses and how to positively influence their opinion
  • plan and set goals for the future success of your business
  • be re-engaged in the business management side of running your business.

Facilitator – Tony Hudson
Tony is an outstanding business facilitator and trainer with extensive experience in agriculture and finance,
operations management, adult education and training. Tony has facilitated financial analysis workshops all over
Australia with outstanding reviews.

Includes all materials and full catering and free copy of Farming the Business textbook.

Venue

Barham Services Club
6-8 Niemur Street
Barham, NSW 2732
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