YOUNG farmers in Victoria’s Mallee, Wimmera and south west regions are being encouraged to sign up now for a two-day intensive business boot camp.
The Young Farmer Business Bootcamp program combines expert presentations and advice with hands-on activities and professional networking opportunities in convenient rural settings.
The boot camps will be held at Ouyen from February 20-21, Kaniva on February 27-28 and at Skipton on March 14-15.
This program is funded by Agriculture Victoria and Australian Wool Innovation. The workshops will be co-delivered by technical experts from Meridian Agriculture.
Young Farmer Project co-ordinator Sarah Wallis said the program is aimed at supporting young people who want to have a long and successful career in the sheep, beef and mixed farming industries.
“Participants will walk away with a plan that helps them develop strategies to build their business.”
North east Victorian cattle breeder Sarah White said the Benalla boot camp introduced her to the idea of partial budgeting which she continues to use.
“In a tough year, yes, the initial impact of taking fertilizer out is a great income saver, but what ongoing impact will that have on your business?” Mrs White said.
Mrs White said the bootcamp exposed her to the concepts of five-year cash flows and long-term business planning.
“The accountants and banks are always asking for a one-year cash flow, but (the boot camp) got us doing a five-year cash flow which was fantastic, because it gives you a vision of where your business is going.”
Meridian farm business advisor Paul Blackshaw said the sessions will be informative, interactive and will enable participants to access tools to apply their learnings directly to their own businesses.
The bootcamp program will take participants through:
analysing the performance of a business
understanding profit and loss, variable costs and gross farm income
return on assets
planning for profit and drivers for profit
how to make evidence based decisions
cash flow budgets
pathways to farming including leasing and share farming
For more information and session times go to agriculture.vic.gov.au/bootcamp
The program costs $100 for the first person and then $50 per additional person from the same farm business, with all meals and course materials included.
Participants will need to register on Eventbrite: https://agriculturevictoriaevents.eventbrite.com.au
For more information contact Sarah Wallis on (03) 5761 1573 or [email protected]
Source: Agriculture Victoria.