Business of Farming
(Succession, Decision Making & other tools)
About
An essential part of farming successfully is an awareness of the importance of decision-making, succession planning, financial planning, and whole farm planning. The RALF Project has run a series of workshops on these topics. This includes:
Succession planning
Financial planning
Mapping
Whole farm planning
Business of Farming Bootcamp
2.5 days
28th, 29th, & 30th April
Lake Tyers Caravan & Camping Park
10 people attended the course
100% of participants surveyed said the day exceeded expectations
With 80% stating they had an ‘AH HA’ moment
Intent to Adopt Change
80% of participants will seek out further advice
100% will be using the skills they learned.
80% of participants consider change a high priority
With 20% considering it a medium priority action
Business of Farming - East Gippsland Women in Agriculture
2 Day workshop at Lake Tyers 2024
Nine women attended the course
88% of surveyed participants plan to seek out further information/advice on this topic.
88% of surveyed participants plan to implement actions in their own business.
75% of surveyed participants consider it a high priority to take action to change
This project, coordinated by East Gippsland Shire Council, is jointly funded by the Victorian and Commonwealth Governments under the Commonwealth-State Disaster Recovery Funding Arrangements.
“Find out what your goals are (personal & business) & see what your business is doing in relevance to this”
“Use data & ratios to assist with decision making”
Business planning
How to use your financial numbers to make a better business decision.
A 50 min discussion by Tim Lane on business planning covering the topics of:
Business Viability - capital allocation
How does the bank view our business?
Understanding working capital
enterprise analysis
why do numbers matter?
Financial viability and its link to succession planning
Marketing livestock
Marketing livestock in challenging times
One-hour session with Graeme Hand, giving the basics of KLR Marketing and its five principles.
Succession Planning - Bonang
Bush Fire Recovery Succession Planning 2021
Whole Farm Planning for small properties
Mapping Workshop - Orbost
ifarm session - Bonang
Producing a Product 2017 - Bairnsdale
Succession Planning 2017 - Buchan
Succession Planning - Genoa
Succession Planning 2105 - Meerlieu
Isobel Knight 2015 - Bairnsdale
Isobel Knight 2016 - Bairnsdale
Financial Planning with Tim Lane 2018
Acknowledgement
This project is supported by East Gippsland Catchment Management Authority, through funding from the Australian Government’s National Landcare Program.