Farm Table says:
This farm business management manual is a significant investment by GRDC to assist farmers with their business skills. There is both a traditional manual (available for purchase) and an eBook version of the manual,
The business of farming is becoming more challenging with greater variations in commodity prices, continual uncertainty with weather patterns and the challenges of declining terms of trade
The need for improved farm business management skills has been identified as a crucial element for Australian farmers to maintain business sustainability, while taking up the opportunity currently occurring in Australian agriculture.
As farmers are at different stages of their business career, this manual has been broken down into three modules to cater for a wide variety of needs.
The aims of the modules are:
- Module 1 – What do I need to know about business to manage my farm business successfully?
The first module provides an overview of the business of farming, covering the economic environment, people management and the basics of sound farm business management. The aim of this section is to provide an overview to highlight areas to improve your farm business management skills.
- Module 2 – Where is my farm business now and where do I want it to be?
This module covers the ‘how to’ of sound farm business management. It goes through how to develop a business vision, the essential farm business budgets and financial and performance ratios. It provides detail on what financial reports should be generated so that you can have greater control of your farm business management and improve business sustainability.
- Module 3 – How do I take my business to the next level?
This module covers more advanced topics to extend and refine your farm business management. Some of the topics are risk management, succession planning and what analytical tools you should use to answer those important ‘what-if’ questions for scenario analysis.