Taking Ownership of your Financials
Understanding your farm performance is critical to making informed decisions and changes to improve on-farm productivity and profitability. Your financial statements are an important tool to aid you in the decision-making process, understanding them is key.
RMPP has developed a four-hour workshop for sheep and beef farmers called Taking Ownership of your Financials.
The workshop is designed to build confidence in understanding the financial performance of your farm business. It enables you to identify where your farm business is performing well and areas with further potential.
You'll gain a better understanding of how financial statements are structured and where to find key information. You'll also learn how to calculate the three key performance indicators (KPIs) required as part of a farm Action Plan:
- Net Production per Effective Hectare
- Farm Operating Expenditure (FOE) Ratio
- EBITRm per Effective Hectare
The workshop is fully funded by RMPP and delivered by a trained facilitator.
If you are part of an Action Group call or email us to book your group in.