SDP Farm Business Fundamentals - SC

Farm Business Fundamentals is an essential foundation for anyone who runs or will run a farm business and is involved in the management of farm business records, finances, budgets, and tax and legal requirements.

Using case studies, industry tools and examples from dairy businesses, discover ways to organise, collate and interpret your business information to make administration, reporting and decision making easier.

Through the program, you will develop the skills to:

• Set up effective record keeping systems for farm financial and physical information
• Manage farm business information and taxation information
• Use the Dairy Standard Chart of Accounts to record farm business income and expenditure
• Understand business obligations tax, banks, people and the law
• Identify, collect and organise information to be included in an annual farm budget
• Review budgeted income and expenditure, and compare to actuals
• Prepare and interpret a balance sheet
• Navigate your accounting software to ensure quicker and more efficient use

Who is the program for?

The program sets a foundation for farmers interested in becoming more involved in the financial side of their business and is useful for those who want to explore ways to improve their current systems.It is also a perfect starting point for farmers who are looking to build their skills and confidence to manage a dairy farm business in the future.

If you have family or staff on your farm who share in the decision making, complete the course together to get the most benefit from the program.

This interactive two-day workshop will be facilitated by experienced farm business consultant, Cameron Smith - Farmanco Pty Ltd.

If you have any questions or would like further information, please contact Belinda Haddow 0423 00 3638 or belinda@subtropicaldairy.com.au