Young farmers from across the Mallee, Wimmera and south-west Victoria are being encouraged to sign up for two-day intensive business boot camps in February and March.
The Young Farmer Business Boot Camp program combines expert presentations and advice with hands-on activities and professional networking opportunities in convenient rural settings.
Young Farmer project co-ordinator Sarah Wallis said the program supported young people who wanted to have a long and successful career in sheep, beef and mixed farming industries.
‘‘Participants will walk away with a plan that helps them develop strategies to build their business,’’ Ms Wallis said.
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 fertiliser out is a great income saver, but what ongoing impact will that have on your business?’’ Mrs White said.
She said the boot camp 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.’’
The workshops will be delivered by technical experts from Meridian Agriculture.
Meridian farm business adviser Paul Blackshaw said the sessions would be informative and interactive, and would help participants access tools to apply to their own businesses.
The boot camp 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 sharefarming.
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.
The boot camps will be held at Ouyen on February 21 and 22; Kaniva on February 27 and 28; and Skipton on March 14 and 15.
■For more information go to: www.agriculture.vic.gov.au/bootcamp or contact Sarah Wallis via email at email@example.com or phone 5761 1573.
■Participants must register at: https://agriculturevictoriaevents.eventbrite.com.au