Asset building versus increased cashflow: farmers should choose

摘要

Australian farm businesses need to choose between building their assets or increasing productivity and cashflow, says Nuffield Scholar Mark Graham, who has been investigating investment options for broadacre agriculture as part of his scholarship. Hewas sponsored by the Grains Research and Development Corporation and farms at Narrogin in Western Australia. Graham says farmers need to better understand their business objectives. "Agriculture in Australia is relatively insular as an industry sector and as farmers we keep trying to do everything ourselves, wanting to own the land and the equipment and manage the day-to-day operational risks as well," he says. "Trying to do it all means we are less likely to do any aspect as effectively and as profitably as we could do with a clearer focus."