Business Planning Guide for Farmers Recovering from Drought

Farm Table says:

The guidelines in this report have been tailored specifically for those businesses which have very limited finances to fund a cropping programme for the coming season.

This report was constructed to assist growers and advisers in making the complex decisions that will be necessary in planning and implementing strategies to manage the threats and opportunities that come with farming. The aim is to minimise costs and risks rather than maximise profit.

The report covers the following:

  • A decision cycle for the coming season
  • Step by step approach
  • Assess the financial condition of your business and discuss it with your financier
  • Plant the detail of your cropping program
  • Low cost livestock management
  • Cost your proposed program
  • Negotiate with your financier for funds to undertake your work plan
  • Monitor all crops and pastures closely for weed and diseases
  • Review your Ag Marketingoptions as the season progresses
  • Issues to consider
  • Building emotional resilience
  • Risk management
  • Financial management
  • GRDC Fact Sheets
  • Understanding banks approach to farm business
  • What you tax return tells you
  • Farmer Health – Taking control of your personal health
  • Farmer Health – Building emotional resilience

Contact details for GRDC

Name: GRDC

Email: toni.somes@grdc.com.au

Contact Name: Toni Somes

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Last Edited:
15/01/2025
Rob Jennings
Rob Jennings

Rob Jennings is a tireless advocate for Australian agriculture, recognised for bridging the divide between producers, researchers, government, and industry. As the driving force behind Farm Table, Rob has propelled the platform into becoming one of the most vibrant and independent national networks in the agricultural sector, fostering collaboration and shared knowledge across the entire landscape. Deeply passionate about regional Australia, Rob harnesses cutting-edge technology to future-proof the agricultural industry, passionately advocating for innovation and delivering practical, impactful solutions that drive a thriving and sustainable rural economy both in Australia and overseas.

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