Grains Industry Farm Business Strategic Review
Frequently Asked Questions
What is the Farm Business Strategic Review?
Rural Business Support developed the Farm Business Strategic Review to help family businesses identify and adopt proven practices in business and production to improve profitability and productivity.
The program has run successfully for the past two years in the dairy and pork industries, assisting more than 60 family businesses across South Australia.
The Grains Industry Farm Business Strategic Review is the result of a partnership between Rural Business Support (RBS), Primary Industries and Regions SA (PIRSA), Grain Producers SA (GPSA) and the Grains Research and Development Corporation (GRDC).
How could the program benefit my family’s farm business?
The Farm Business Strategic Review has been proven to help family farm businesses be better equipped to grow and create jobs.
The South Australian Government through PIRSA was pleased to support the pilot with 30 dairy industry families, which saw an independent cost benefit report confirm $3.65 million in new investment as a direct result of their involvement in program.
How much of a time commitment does the program require?
The decision-makers in your family business participate in four half-day sessions.
The first session is a strategic brieﬁng using new strategic analysis tools to quickly understand the fundamentals of strategy, markets, ﬁnance, investment and bank negotiations. These workshops will be held at central venues in March 2018 in three regions – Eyre Peninsula, Mid North/Yorke Peninsula and the Mallee/South East.
This is followed by three meetings at your farm with a Farm Business Analyst, who helps your family to develop a Strategic Action Plan.
Is there a cost for my family to participate?
Participating families will each contribute $500.
The delivery of the Grains Industry Farm Business Strategic Review is the result of a $200,000 commitment through PIRSA, building on a $300,000 commitment to develop the program in dairy in 2015 and 2016. The South Australian Government’s commitment will be matched by $100,000 from GPSA and $50,000 from GRDC.
What makes the program so successful?
New web database tools are used, which enable simpliﬁed data collection and powerful data analysis linked to industry benchmarks.
A Farm Business Analyst then works with your family – at your farm – to collect and enter the key physical and ﬁnancial information. This allows your family to compare your farm’s performance with industry benchmarks and identify opportunities.
The process is secure, private and conﬁdential.
What outcomes can my family expect from the program?
New web review tools are used to develop a Strategic Action Plan tailored to your family’s farm system and your family’s goals.
This plan includes a cost benefit analysis, with a five year annual budget and cash flow, as well as a 12 month budget and cash flow suitable for succession planning and bank or investment negotiations.
When and where will the strategic workshops be happening?
The initial strategic workshops will take place from 10am-2pm at central venues (to be confirmed) in the following regions:
- Tuesday 6 March Eyre Peninsula
- Wednesday 7 March Mid North / Yorke Peninsula
- Thursday 8 March Mallee / South East
How can my family find out more?
Please contact Nigel Robinson at Rural Business Support:
Phone: (08) 8364 2577 or 0499 556 488
My family wants to register. How do we do this?
Please click here to download and fill in the registration form:
Grains – Family Registration Form
Scan and email the completed form back to email@example.com.
Alternatively you can print it off and post it to:
Rural Business Support
555 The Parade
Magill SA 5072