Setting My Business up for Success

The Business of Dairy

This month we take a look at business planning – getting clarity on what your business is about, what you are trying to achieve and how you are going to get there.

A report by the UK’s Agriculture and Horticulture Development Board (AHDB) in 2018 identified 8 factors that characterised their top performing farms, one of which is ‘setting goals and budgets’. Their findings showed that (quote) “Farms that write a formal long-term business plan are more profitable than others. Writing your ambitions down is one of the most successful ways to visualise in your mind what you want to do and therefore for it to happen,…”

Greg Duncan leads a national program developed by Dairy Australia called Our Farm Our Plan that aims to support and guide farm businesses through their own business planning. He will explain this program to us today.

Sarah Wake is involved in the family farm near Singleton in the Hunter Valley and shares with us her experiences in the program thus far.

Useful resources related to this podcast:

Our Farm, Our Plan landing page on the Dairy Australia Website.

Farm Business Snapshot

Farm Fitness Checklist

Farmers can also call the Our Farm, Our Plan team on 1800 548 073

This podcast is an initiative of the NSW DPI Dairy Business Advisory Unit

It is brought to you in partnership the Hunter Local Land Services

Please share this podcast with your fellow farmers and colleagues and feel free to contact us with suggestions or comments via this email address [e-mail]

Further NSW DPI Dairy channels to follow and subscribe to include:

NSW DPI Dairy Facebook page

DPI Intensive Livestock Twitter feed

NSW DPI Dairy Newsletter

Episode transcript

Produced by Video Lift

The information discussed in this podcast are for informative and educational purposes only and do not constitute advice.