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Networking @ GRDC Update events

"The Richest people in the world look for and build networks, everyone else looks for work" - Robert Kiyosaki

For many, networking is a big reason why they attend the GRDC Update events year after year.

The events provide the opportunity to see and discuss the latest in grains research and network with peers on how to apply new and relevant information to the latest farming systems.

With a number of events on around the country over the next couple of months, there are plenty of networking opportunities available.  Check out the list here: http://www.orm.com.au/events

Structuring your business and profits for generational transfer

Net asset value of family farms

The ‘typical’ broad acre family farm now has net farm assets of over $4 million. Net Asset Value is comprised of land, water, machinery and livestock less bank and machinery liabilities. Net Asset Value has tripled over the last twenty years due to a combination of farm expansion and rising land and water values.

Read more: Structuring your business and profits for generational transfer

Making and managing profits

Definition of profit

Profit is typically referred to as the financial gain measured annually. Financial profit can be summarised as the difference between the amount earned (income) and the amount spent (costs).

Read more: Making and managing profits

Key decisions for asset growth

Net asset value of family farms

The ‘typical’ broad acre family farm now has a net asset value of near $5 million. Net asset value is comprised of land, water, machinery and livestock less bank and machinery liabilities. Net asset value has tripled over the last twenty years due to a combination of farm expansion and rising land and water values (Figure 1).

Read more: Key decisions for asset growth