Preparing for Drought - What the Farmers say
Planning for drought is a complex and difficult business. Too often, good ideas are forgotten once rain falls and business as usual resumes. This publication aims to capture strategies for future use.
In periods of drought, farm business management skills have been identified as a crucial element in maintaining sustainability. Effective risk management is essential to profitability when growers are faced with events such as drought.
The process of farm business management includes:
- setting strategic goals, targets and directions for each enterprise
- identifying and implementing appropriate risk management strategies
- understanding and being able to quantify the cost of production
- being able to interpret financial information and make data-based decisions
- planning and reviewing business performance.
Want to learn more? Browse our courses and publications on farm business management below.
Type: Online
Units: 1
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