Welcome to the March edition of Farmanco Facts!
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Brent Pritchard, Agronomist at Albany has written the Editorial. Brent offers an almost philosophical review of the difference between the facts of science, the faults in science and the anecdotal, charisma driven information we receive from presentations and social media. He drives this conversation after reading Seeds of Science over his summer break.
Keith Symondson, CEO discusses some of the employment ‘maze of requirements’ for businesses trading as companies; David McCarthy, Bedbrook McCarthy Wealth Management summarises the Banking Royal Commission, in relation to farming.
The Farmanco Grain Marketing Team outlines important changes to receival standards coming into effect for the 2019/20 season.
Stacey Bell, trainee Management Consultant looks at what you need to know when hiring seasonal staff; Ben Curtis, Farm Management Consultant takes a brief look at the CPML gauge that features in our Farm Business Review Reports this year and gives his view on how successful farm businesses perform, and why.
We welcome Andrew Smith, Agronomist based out of Kojonup and introduce you to our photo competition. Read your Farmanco Facts for more detail!
Key points from these articles are outlined below:
“HR Policies and Procedures: What’s the point?” by Keith Symondson, CEO
|If you employ staff, legally you are required to have certain policies and procedures in place||You should have a written contract with all staff, including part timers and casuals|
|Having written policies lets you establish what you believe is acceptable and what is not||Having effective policies in place and setting clear expectations helps you manage staff and your business more effectively|
“Preparing for seasonal staff” by Stacey Bell
|Be prepared for your influx of seasonal workers||Have you thought about what you need to teach them?|
|Set clear expectations for your workers and give them clear and concise operating instructions for both machinery and any general duties they will be undertaking||Make sure you are compliant with the current Occupational Health & Safety legislation|
“CPML: Crop plant machinery and labour” by Ben Curtis, Management Consultant
|CPML ratio is made up of all machinery costs||It considers all aspects of running and depreciating machinery and compares it to your overall farm income|
|All businesses should aim to spend below 30% of your overall income on machinery||Machinery costs are a common conversation that your Farm Management Consultant will have with you during the review process and throughout the year|
“The Banking Royal Commission, and your farming business” by David McCarthy, Bedbrook McCarthy Private Wealth Management
|Recommendation 1.11: Farm Debt Mediation||Recommendation 1.12: Valuations of Land|
|Recommendation 1.13: Charging Default Interest||Recommendation 1.14: Distressed Agricultural Loans|
“Successful farm businesses: How they do it” by Ben Curtis, Management Consultant
|Teamwork||Managing all parts of the business well, not just the parts they enjoy|
|Getting help in areas where needed||Understanding what is important and being prepared to refocus the business|
|Always striving to be better||Getting important jobs done on time|
“Changes to receival standards for the 2019/20 harvest” by Mae Connelly, Grain Marketing Consultant
|Snails limit in canola now 1 per 500g for Can1, Can2, CAG1 & CAG2||New snails grades CANS & CAGS for snails between 2 & 10 per 500g|
|Snails over 10 per 500g cannot be delivered||Screenings limit of 15% introduced for OAT2|
|OAT2 groat count halved to 72 per black plastic measure||For feed barley, snails limit now 1 per ½ litre|
Every edition of Farmanco Facts includes updated Wool and Livestock Reports for WA and NSW/VIC, prepared by Richard Brake, Farm Management Consultant.