Confidence that sheep are a profitable component of a farming business
SIBI has increased industry confidence that sheep production is a long term, high value and competitive, component of Western Australian farming.
Reports commissioned by SIBI illustrate increased confidence to undertake, renew or increase investment in sheep:
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‘The cost of getting back into sheep’ report was prepared as a financial analysis of increasing flock sizes or establishing a new sheep enterprise in high rainfall areas of Western Australia
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‘Opportunities for producers to expand their sheep enterprise’ identified opportunities for expansion of flock numbers in the context of changing markets
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‘Comparative analysis of Gross Margins for grain and sheep enterprises in the central and high rainfall regions of the Western Australian Wheatbelt’ provided insights for farmers into gross margin outcomes comparing key cereal and oilseed enterprises with sheep enterprises
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‘Price Signals required to alter the seasonal turn-off of lamb’ explored the costs and benefits associated with changes to lamb production to ensure a more even supply year-round.
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Financial management webinars were delivered to producers to assist participants gain financial intelligence in mixed farming enterprises involving sheep. At the conclusion of the webinars, producers were left with an understanding of how financial information can be used to inform business decisions, align short term decision-making to medium and long-term goals, and self-benchmark.
Case studies of labour saving technologies in the sheep industry gave important insights on how technology can be applied by producers to maximise returns in their sheep farming businesses. This analysis can be used by producers to make decisions on adopting technologies in their enterprise.