Increasing business and technical skills for sheep producers and industry

Page last updated: Wednesday, 1 May 2019 - 7:45am

Business skills development

Objectives

  • to improve the financial literacy and business skills of sheep farmers leading to more profitable and economically sustainable businesses
  • to build business confidence to maintain and attract additional investment
  • to enhance capital availability and innovation in financing to increase industry growth.

Activities 

  1. Enhancing capital availability and innovation in financing:
  1. Building business skills for producers:
  • producers' business skills events – utilised the commissioned reports from the Barriers to adoption activity including the price cost analysis for out-of-season prime lamb production, cost of getting into sheep analysis, the comparative enterprise economics, understanding the business of 25 top sheep producers and the opportunity for growing out of season lambs, presented at 100%+ Club Dinner, 2016 Agribusiness Sheep Updates and Processor and Live Exporter Alliance workshops
  • Business information for sheep enterprises website

  • feedlotting decision workshops delivered to more than 100 participants at Darkan, York, Katanning, Moora, Esperance and Merredin.
  1. Building business confidence:
  • utilised the study from Grain and Graze 3 on risk management by David Cornish to build confidence in the sheep industry with a presentation at Agribusiness Sheep Updates
  • conducted a professional development day for consultants and agronomists on pastures.

4. Investigated the opportunities for building a profitable value chain via dedicated feedlotters and backgrounders.

Outcomes and achievements

Financial literacy was improved through a series of 5 webinars focussing on farm business performance. These webinars are now available here (insert link). A study into alternative investment and financial modelling was finalised along with a sheep industry business model report. Business confidence was improved through workshops focussing on producing viable business model alternatives, sheep feedlot performance and understanding the business of top 25 sheep producers.

Contact information

Rebecca Butcher
+61 (0)8 9651 0540