MAY 2018

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From the Managing Director

This edition has a risk management theme. I find risk management and farming a very interesting topic. It is always intriguing to observe different levels of client attitudes to risk. These attitudes generally vary from extremely well researched analysis of risk to complete disregard.

Using data to drive business decisions - case study of season 'break'

Royce Pitchford
As Autumn comes to an end, some areas have now passed the mystical ‘ANZAC day break’. This then raises the questions, “What classifies as a late break? How likely is it? What risks are associated with my system and the time of break?” We decided to find out when the break usually happens and what we can learn from that.
To determine the time of breaking rain we looked at data from multiple locations across South Australia. Data was taken from the Bureau of Meteorology and was from a period of about 70 to 110 years. We then calculated the median date of break which is the middle value of the total range of dates over the years.

Upcoming events

Advancing Your Dairy Business

20 June, Strathalbyn
The Advancing Your Dairy Business workshop introduces dairy business operators to corporate governance and how to implement an Advisory Board.

Pasture Principles - a practical guide to pasture management

25-26 June, Clare
27-28 June, Millicent
The aim of Pasture Principles is to provide producers with a set of guiding principles that will allow them to manage confidently regardless of the season, situation or system.

Southern BusinessEDGE

4-5 July, Lucindale
25-26 July, Port Lincoln
12-13 September, Penola
This workshop aims to increase the profitability of grazing businesses through equipping grazing managers with the tools, knowledge and confidence to analyse their business and understand where improvements can be made.
For more information on any upcoming events, contact us on 08 8841 4500.

Staff profile - Patrick Redden

I started with Rural Directions in: September 2004
Position: Agribusiness Consultant/Agronomist
What does this mean: 
I work with businesses as an agronomist, one on one, with clients throughout the mid north of South Australia. I also work with family farms, corporate and small business to develop business plans and assess the feasibility of future enterprises. This involves scenario planning, financial analysis, and benchmarking. 
I am also responsible for overseeing the delivery of our Farm and Regional Business Services as Program Manager.
Some things you might now know about me ....
Favourite book: A Fortunate Life, AB Facey
Favourite movie star: Clint Eastwood
Do you know anyone famous: Tony Craddock (base guitarist for Little Black Dress)
Favourite karaoke song: November Rain, Guns and Roses
Ultimate travel destination: Anywhere in Africa
Happiness is .... time with family in nature

New SnapShot benchmarks

Tara Graetz
SnapShot Premium® is Rural Directions’ premier benchmarking product, providing greater understanding of your business’s financial and production performance. The straightforward, guided electronic data collection, produces a report highlighting your business’s strengths and weaknesses. Your Rural Directions consultant will provide a detailed individual reportback to help you interpret the results and highlight any opportunities. 

Pathways to farm employment - express interest in new pilot program

Carlyn Sherriff
Sourcing farm labour is not easy. A new pilot project aims to increase labour supply for the ag industry. 
As reported in InTouch last year, sourcing farm labour is difficult. The trend has continued into 2018, with available vacancies but a limited supply of labour. 
The Pathways to Farm Employment project, funded by the Department for Industry and Skills, will explore a new way to increase the number of workers seeking farm employment. 

Farm safety

Carlyn Sherriff

Managing workplace risks and hazards is an essential part of risk management. All employees, including family members, must be provided with a safe workplace. 
A safety focus is important, as the statistics for farming related deaths are very worrying. In 2015-2016 the agricultural industry made up 2.3% of the workforce, but accounted for 23% of worker fatalities (Safe Work Australia).

Agronomy Service

Find out the benefits that our Agronomy service has provided to one of our clients. Our agronomy service offers a sounding board to assist in all your cropping decision making. It's a bit like having a coach for your cropping program. Click on the image below to watch.

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© Rural Directions Pty Ltd 2017 Australian Financial Services Licence Number 221556
Disclaimer: Whilst every care is taken to compile this newsletter Rural Directions Pty Ltd, its officers and representatives advise that they shall not be liable in any way what so ever for any loss or damage suffered by any person as a result of reliance of whether such loss or damage arises from the negligence or misrepresentation or any other omission of the publisher.