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Business advice for farmers

Posted on July 13, 2008, 11:11am

South Australia’s primary producers will soon be able to improve their knowledge of grain marketing, risk management and business planning through an educational lift-out called “Looking Ahead – a toolkit to better manage your farm business”.

Agriculture, Food and Fisheries Minister, Rory McEwen, said the lift-out was developed in response to a survey of more than 300 grain growers from across the State, which found more than two thirds of growers did not have a business plan and 50pc had not undertaken any grain marketing training.

The survey conducted by the Lucas Group in April 2008 aimed to investigate South Australia’s graingrower’s capabilities to implement risk management strategies and successfully market and sell their grain.

“I understand drought conditions and the deregulation of the grain industry have put our farmers under enormous pressure, but understanding fully how to market your grain and manage your business risks should be a priority,” Mr McEwen said.

“While training might be seen by some as a waste of time or not a priority when money is tight, this study shows that if farmers have a better understanding of grain marketing and risk management, they have a greater chance of having a profitable future.

“This lift-out was a key recommendation from the survey, which will enable farmers to up-skill and better manage their business in a way that’s suitable for them.”

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