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Growers in the Dookie, Echuca, Warracknabeal and neighbouring regions will soon be given an insight into what makes top performing grain-growing businesses in southern Australia so successful.
According to a Grains Research and Development Corporation (GRDC) research investment, the top 20 percent of grain businesses are retaining 30 pc of turnover as net profit, while the average business is retaining closer to 10 pc.
So, what are these top businesses doing differently to achieve this? Three GRDC ‘Opportunity for Profit’ workshops at Dookie on March 25, Echuca on March 26 and Warracknabeal on March 27 will provide the answers and enable local growers to better understand the profit drivers in their own businesses.
The half-day workshops will delve into the results from the GRDC three-year national project investment titled ‘the integration of profit drivers and technical information for more informed decisions’.
The project was led by Rural Directions Pty Ltd in the southern region, in association with Meridian Agriculture and Macquarie Franklin.
James Hillcoat, of Rural Directions, says the research has benchmarked more than 300 grain businesses nationally to identify what drives profit in each agro-ecological zone and how the provision of technical information links with these profit drivers.
This insightful information will be explored in detail at the workshops, by the end of which Mr Hillcoat (who is delivering the workshops) says participants will be well placed to identify opportunities for profit within their individual businesses.
“They will go away with an enhanced understanding of the performance of the top 20 pc growers in their region and will also be able to identify the management traits of a top 20 pc grower,” he says.
Kate Burke of Think Agri, who will co-deliver at the Dookie and Echuca events, says attendees will build their knowledge around the profit drivers that really make a difference in a grain business and will have access to diagnostic tools and processes to easily assess their own business performance.
James Hillcoat, Rural Directions
Phone 08 8841 4500
Sharon Watt, GRDC
Phone 0409 675 100