This manual is presented in three modules to guide farmers through essential farm business management and how to apply this to their own farm business:
Module 1: What do I need to know about business to manage my farm business successfully?
The first module provides an overview of the business of farming, covering the economic environment, people management and the basics of sound farm business management. The aim of this section is to provide an overview to highlight areas to improve your farm business management skills.
Module 2: Where is my farm business now and where do I want it to be?
This module covers the ‘how to’ of sound farm business management. It goes through how to develop a business vision, the essential farm business budgets and financial and performance ratios. It provides detail on what financial reports should be generated so that you can have greater control of your farm business management and improve business sustainability.
Module 3: How do I take my business to the next level?
This module covers more advanced topics to extend and refine your farm business management. Some of the topics are risk management, succession planning and what analytical tools you should use to answer those important ‘what-if’ questions for scenario analysis.