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I really enjoyed seeing the summary of the presentations at Longreach, we farm in SW Victoria and my observations are that many of the issues raised are relevant across the country. The Kidworth case study would reflect many, many agribusiness’s across Australia and it is my feeling that the lack of financial strength that we have as producers is the greatest challenge we face. This lack of financial strength severely limits our ability to not only cushion the affects of fluctuating seasons and commodity prices but also our ability to attract the next generation into farming. It also leaves us exposed when we come to buy or sell as our options are diminished. Keep up the good work!!
Firstly let me congratulate you on a fantastic initiative. You have started a long overdue conversation and brought together some great minds. As a fellow grazier I am extremely interested in hearing some of the ideas that are born from this.
Thank you James for an opportunity to look critically at your project.
This project has spurred us into creating 3 years cash flow in advance for our mixed farming business of grain: wheat, barley, oats, lupins, and sheep: fat XB lambs, 50kg merino lambs and wool. Some pastures when the season break allows are planted to Lucerne and medics which is grazed only. All acreage is dry land, bores are for stock and domestic supply only, as their yield is so low. Using information gained from BOM and your unversity weather expert, about weather being 50% chance of El Nino next year and using an assumption of two further dry years. This has allowed us to see a critically point in three years and talk with our bank about it. It has allowed us to see where savings can be made and gave us foresight. Thanks! When doing a feed budget to match the cash flow we can hopefully meet needs of the business. Weather is the key!
This has been a very interesting challenge, and I could of spent a lot more time on it then I managed.
I have not been particularly inventive in my solutions to the problems faced and some of my comments may seem a little harsh, but it is something I truly believe.
I have added a Standard Livestock unit table to the Stockflow spreadsheet so I could reflect that the grazing pressure on the property has not changed despite the change in herd numbers due to a change in the makeup of the herd.
I don’t pity the person who has to examine all of these entries, although I have no doubt they will uncover some very interesting responses. Congratulations on the Initiative.
I am writing in regards to the Kidworth Station case-study. What a great initiative!
I think it’s a wonderful way to get farmers thinking about their own business models, and how to cope if faced with a similar dire situation.
It was also interesting recognising so many similarilites with my own stations and their operating environement.
Well done for putting this all together, and I look forward to reading other peoples responses.
Hi James, I had a bit of spare time today to have a look at the case study, I m 21 and run a small farm, I focus on buying and selling young cattle I’ve only been at it for two years now but have been making a good steady side income over the weekends I thought I would share a few of the things that I would do I don’t know if it would be as relevant up there or not. Let me know if you have question or if I need explain things a little more.
We had a go at the competition. The stock flow sheets were a bit beyond our skill set, however we had a go and it has been a good exercise for our own situation as well.
Many thanks for the opportunity to participate.
Great initiative and hope all is well with you and the family.
I thought I would give my 2 bobs worth in the exercise and will be interested in the overall feedback from the submissions received.
While I am not submitting a conventional entry into your competition………..I am submitting relevant answers to the main questions asked. Realize that I do not follow directions exactly as you would like me to. Do NOT be too quick to dismiss my suggestions…….as they have been proven in Africa, Mexico & elsewhere and offer the most promising way to increase ranching profitability……that I am aware of. Typically his consulting results in at least a doubling of ranch profitability.
This is a last minute effort as I feel that what you are trying to achieve is very commendable and we are being let down badly by our so called “Industry Reps” I have an affinity with the Kidworths as I have 36 years hard won experience up and have 5th generation kids off this family block bought in 1926.While that sounds romantic- I am sitting here typing away -in the saddest most pointless and ambition crushed point in my life so far. Compared to the Kidworths- I must say that we are in solid shape( near 100% equity) but I don’t rate working for the next 2 years at least for nothing with no one helping…………..any sort of a result.
I have submitted the long winded case study form, however had a light bulb moment and wondered if that could be discarded and this pdf doc used as our entry in the competition.
It’s a lot tidier for you and captures the new idea.
Many thanks to you and your band of sponsorers…for this challenge…
“I think this is a focus area for serious thinking for the future………, there is no one else going to provide the answers; it is rare around the world that you get this type of mix in the one room especially getting climate scientists, resilient regions specialists, tough cattle producers, tough sheep producers, local government, research and development corporations, specialists from overseas, bank managers, investment fund corporations it is very rare (with Kidworth) all speaking the same language that is the critical key”. Professor Roger Stone Climate Scientist USQ
Hopefully this is a suitable way to provide my answers to the Kidworth questions. I’m not providing any rocket science; but it will be great to hear what options people come up with. Thanks for the opportunity & hopefully this will lead to some further educational options to help critically assess businesses.
However, we are really interested in seeing the responses from others to this competition. It is a fantastic opportunity for graziers to brainstorm ideas about a business and issues that are all close to us at the moment.
Well done Agrihive for shining the light on what many agricultural businesses are currently facing. The complex nature of the rural business creates many challenges in bringing in the focus to solve our own issues. Agrihive have taken a step to illuminate all of the resources available.
Firstly, many thanks for opening this case study/discussion to everyone. I think it is a great way to brainstorm ideas and help each other in a tough time to move forward.
Below are my brief answers to the three questions. Well done to you for all of the interest this has generated and the effort you have put into it.
Congratulations on your amazing vision and initiative to stage the Industry renewal Summit last month here in Longreach . From all reports it was an incredible experience for all those who were able to to attend . Certainly you have scheduled a major event which hopefully will bring positive results for our cattle industry. We will all be indebted to you if the outcomes based on the knowledge of those at the forum can bring creative workable solutions to move the industry forward in the very near future