Growers in the Lake Bolac, Avoca, Sale, Wodonga and neighbouring regions are about to be given an insight into what makes the 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 30pc of turnover as net profit, while the average business is retaining closer to 10pc.
So, what are these top businesses doing differently to achieve this? Four GRDC 'Opportunity for Profit' workshops at Lake Bolac on Monday, July 15, Avoca on Tuesday, July 16, Sale on Wednesday, July 17, and Wodonga on Thursday, July 18, will offer the answers and enable local growers to better understand the profit drivers in their own businesses.
The sessions, scheduled due to grower demand, follow those held in Victoria in early 2019 where 100pc of growers attending said they would recommend the workshops to others.
The half day workshops will delve into the results from the GRDC three-year national project investment entitled '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.
They will go away with an enhanced understanding of the performance of the top 20pc growers in their region and will also be able to identify the management traits of a top 20pc grower.
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 20pc growers in their region and will also be able to identify the management traits of a top 20pc grower," he said.
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Kate Burke of Think Agri, who will co-deliver at each location, 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.
GRDC Project Code: RDP00013