Business information for sheep enterprises

Page last updated: Tuesday, 25 September 2018 - 10:43am

The demand for high value agricultural produce continues to increase and provides great opportunity to Australian agriculture. However, farming is becoming more challenging in an increasingly competitive and volatile environment. Therefore there is a need to improve farm business management skills to maintain economic sustainability and to expand as a result of new opportunities. A component of improving skills is to obtain a deeper understanding of profit drivers and develop strategic and tactical management plans to meet goals.

The Sheep Industry Business Innovation project focused on producing a more profitable and resilient sheep industry. This includes a focus on increasing business performance by improving farm business skills and increasing access to investment by increasing confidence and promoting alternative business models. Sheep Industry Business Innovation project has conducted a number of studies to help farmers better understand their costs and income base, and the costs and risks associated with adapting farming systems under increasingly variable operating conditions. This information is summarised below into three catorgies, farm systems, investment and farm business managment training:

Farm systems

Economic research and analysis on components of the sheep enterprise that impact on farming systems are analysised in the below reports:

Investment

Economic research and analysis on investing in the sheep enterprise are discussed in the following reports

Farm business management training

The Sheep Industry Business Innovation project will be developing training resources on farm business management complementing the resources outlined below:

Additional information is avaiable from the Grains Research and Development Corporation including farm the business management manual, managment fact sheets and a farm gross margin and enterprise planning guide including a spreadsheet for livestock.

Contact information

Perry Dolling