Grain profit opportunities explored at Karoonda

Grain profit opportunities explored at Karoonda

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MURRAY Mallee croppers will soon be given an insight into what makes top performing grain-growing businesses in southern Australia so successful.

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James Hillcoat, Rural Directions, will deliver the GRDC Opportunity for Profit workshop at Karoonda on April 1. Photo: Rural Directions

James Hillcoat, Rural Directions, will deliver the GRDC Opportunity for Profit workshop at Karoonda on April 1. Photo: Rural Directions

MURRAY Mallee croppers will soon be given an insight into what makes top performing grain-growing businesses in southern Australia so successful.

According to a GRDC research investment, the top 20 per cent 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?

The GRDC 'Opportunity for Profit' workshop at Karoonda on April 1 will provide the answers and enable local growers to better understand the profit drivers in their own businesses.

The half-day workshop 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 in the southern region, in association with Meridian Agriculture and Macquarie Franklin.

Project deliverer James Hillcoat, 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 Karoonda workshop, by the end of which Mr Hillcoat (who is delivering the workshop) 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.

"They will have built 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."

Registration is essential.

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