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Department of Primary Industries and Regional Development, Western Australia

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Farm planning

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Generating More Profit From Your Farm Business, Tamara Stretch Jan 2014

Generating More Profit From Your Farm Business, Tamara Stretch

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This report outlines the main drivers of profit – price, production, costs and management. Knowing a farm’s profit drivers assists managers to analyse the risk and resilience of their business and to make more informed expenditure decisions. With significant volatility in both prices and production, farm managers need to have strategies that smooth price volatility and allow adjustments to costs of production.

When analysing business profitability it is important to look beyond gross margins and capture all cost items particularly large fixed costs like finance and machinery allowance costs. By critically examining the full cost structure of their business managers …


Handing Over The Family Farm : Proceedings Of A Succession Planning Seminar Wednesday 2 March 1994 Dymesbury Lodge, King River., Department Of Agriculture And Food, Western Australia, Adrian Ross Mar 1994

Handing Over The Family Farm : Proceedings Of A Succession Planning Seminar Wednesday 2 March 1994 Dymesbury Lodge, King River., Department Of Agriculture And Food, Western Australia, Adrian Ross

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Succession planning for farm businesses is becoming of increasing interest and importance. The increased pressure from competitive world markets and more marginal fanning profits is necessitating better planning for many farm families who wish to provide a sustainable family farming unit. Today's seminar has been arranged to inform farmers of the related issues and importance of careful estate planning. As The Department of Agriculture does not have specialised resources in the relevant areas, it is imperative that experienced individuals from the private sector are utilised to provide this information. These proceedings have been written by such individuals and are intended …