Logistics and planning expert Stephen MacPherson believes the secret to success, whether in farming or the corporate world, lies with better understanding the principles of project planning and operations management. Taking part in a recent GRDC Farm Business Update webinar, Mr MacPherson outlined the way he would like more growers to think and approach their businesses, with the likely consequences for better yield outcomes, business efficiencies and profits.
Central to the success of key farm decision-making is the requirement to prepare a business case to back new directions or investments. Birchip grower Tim McClelland has to get approval from a farm management board for big-ticket purchases.
Farm management experts say succession planning should be taken seriously to avoid problems in the future.