Farm business management: looking deeper for profit and production - Holbrook

Farm business management never stands still! Join us at this workshop to focus on distinguishing between ‘paper’ and 'real' farm business performance.

Event details:

Murray Local Land Services invites you to join this practical workshop in Holbrook, suitable for both new and returning participants. The workshop will cover:

Day 1:

• Use of the ‘case study farm’ to understand the concepts and terminology for analysing financial performance. 

• Developing and interpreting Profit and Loss (gross farm income, costs, GMs, fixed and variable costs, overheads EBIT & returns on assets etc); Cashflow; Balance sheet.

• Identify those key financial indicators of performance and distinguish between ‘paper’ and 'real' farm business performance.
  

Day 2:

• Crunch your own numbers to develop performance indicators.

• Examine how these indicators can influence management decisions.

A major focus is supporting a shift away from a tax-driven mindset towards making informed management decisions using financial insights.

Topics include:

• Summary of performance measures

  • P & L

  • Cash flow

  • Balance sheet

• How to analyse performance (model farm)

Presenter: Paul Blackshawis a farm business consultant with Meridian Agriculture in North East Victoria. Paul provides farm financial analysis, benchmarking, business performance, and succession planning

Additional details:

• Morning tea and lunch provided.

Contact: Paul Simpson, Senior Land Services Officer – Mixed Farming Systems on 0439 384 749 or via email at: Paul.Simpson@lls.nsw.gov.au

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