Factors Affecting Beef Enterprise Profitability

Proceedings of the 23rd Annual Conference of the Grassland Society of NSW - T.M. Farrell -NSW Department of Primary Industries

Type: PDF
Knowledge level: Intermediate

Farm Table says:

Although this report is nearly 10 years old, it is still relevant as the main points made still resonant, particularly during dry times. A question for you - are you spending time working on the business as well as in the business?

This report looks at the ‘Narrabri Grazing Group’, a group made up of 16 farming families operating grazing and mixed farming enterprises on a total of some 18,500 ha in the Narrabri district in North-West New South Wales (NSW).

After analyzing their businesses with benchmarking gross margins, they short-listed five key profit drivers/management principles to assist ‘smoothing out’ the impacts of dry seasons on their profitability:

  • Early decisions are good decisions.
  • Triggering actions.
  • Work on the business as well as in the business.
  • Filling the autumn feed-gap.
  • Restricted joining and early weaning.
2008 - Australia - Proceedings of the 23rd Annual Conference of the Grassland Society of NSW - T.M. Farrell -NSW Department of Primary Industries
Read ArticleSave For Later

Related Resources