Strategies to build the profitability of farming enterprises will be explored at a forum for grain growers and advisers at Clare next week.
The Grains Research and Development Corporation (GRDC) is hosting a Farm Business Update, which will follow on from the Hart Field-Site Group’s Getting The Crop In seminar on Thursday, March 23.
GRDC southern regional panel member Mark Stanley said the update would benefit growers from the Mid and Upper North, Yorke Peninsula and Adelaide Plains.
“The event at Clare is aimed at supporting growers looking to establish the most profitable enterprise mix and make the most from their earnings this financial year,” he said.
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“I encourage everyone who is planning to attend the Getting The Crop In seminar to stay on for the Farm Business Update where the advice and insights being offered by industry experts will help inform local growers’ farm business decision-making this year.”
Richard Heath, from the Australian Farm Institute (AFI), will discuss farm land funding options, highlighting key points from an AFI research report reviewing strategies to reduce reliance on debt funding.
Brian Wibberley, from WSA Chartered Accountants, will provide guidelines on where to invest for best use and return on profit earnings in the 2016-17 financial year.
He will explain farm management deposits, superannuation and taxation implications.
Model Agronomics’ Tim McClelland will be joined by Ag Consulting Co’s Bill Long to discuss the most profitable enterprise mix for growers.
ORM’s David Smith will look at the characteristics of the region’s top performing farms to determine what underpins their success.
DETAILS: The Farm Business Update will be held at The Vines Church, Stradbrooke Road, Clare, from 1.30pm-5pm on March 23. To view a program, visit grdc.com.au/updatedates, call 03 5441 6176 or email firstname.lastname@example.org. To register, phone 0427 423 154, visit hartfieldsite.org.au or email email@example.com.