News

Return on investment assessment event

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July 21, 2017

Southern Growers Inc will host a guest panel and benchmarking evening in Finley on Monday.

The event will look at the decision-making processes farmers should apply when assessing a return on investment for on-farm upgrades, new technology and system changes.

Southern Growers executive officer Stephanie Chappell says farmers in the southern Murray Valley are encouraged to accelerate adoption of technology when available.

‘‘We have conducted case studies of farmers that are achieving great results regarding water use efficiency,’’ Mrs Chappell said.

‘‘We are aiming to build capacity in growers for them to adapt to the new Murray Darling Basin Plan environment.’’

Participants in the workshop will have the chance to hear from local growers who have made changes, as well as John Francis from Wagga-based agricultural consultancy firm Holmes Sackett.

‘‘John’s areas of expertise include on-farm investment and farm profitability analysis. He believes astute farmers are constantly searching for ways to improve their efficiency and productivity,’’ Mrs Chappell said.

‘‘A growing number of farmers are using benchmarking to help them identify opportunities for growth.

‘‘The ability to use your own key performance indicators with those of highly profitable producers will help identify areas that would benefit from some development and to pinpoint those that will generate the greatest return on investment.’’

The event will be held at the Finley Recreation Reserve function room from 6.30pm on July 24.

Those wishing to attend are asked to register an interest with Mrs Chappell on 0417444750 or email southerngrowersinc.gmail.com.

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