Farm Machinery Own, contract, upgrade or downgrade? A workshop for farm business managers • Benchmark your machinery efficiency • Understand farm machinery profit drivers

TEMORA - Tues 9th August - Temora ExServices Memorial Club WEST WYALONG - Wed 10th August - West Wyalong Services & Citizens Club COWRA - Thurs 11th August - Cowra Services Club Time:

8.50am - 3pm

Cost of the workshop includes:

Cost:

$600 (plus GST)

• Access to consultants expertise • Comprehensive set of course notes • Access to internet based tools • Morning and afternoon tea and lunch

(65% FarmReady refundable)

Topics for the workshop include: • Introduction to machinery decisions • Quantifying costs and benefits • How to value risk • Principles of machinery investment • Tools for machinery decisions

Limited numbers! Register now! RSVP no later than 1st August

FR course: FRTC0803

FarmReady

65% of costs refundable to FarmReady applicable participants after attendance. Visit website www.farmready.gov.au to determine your eligibility status and access relevant application forms. To register: Phone 02 6931 7110 or visit our website www.holmessackett.com.au for full information package and registration form.

Ph: 02 6931 7110 www.holmessackett.com.au

Farm Machinery Own, contract, upgrade or downgrade? A workshop for farm business managers • Benchmark your machinery efficiency • Understand farm machinery profit drivers LIMITED NUMBERS! REGISTER NOW! RSVP NO LATER THAN 1st AUGUST Please return completed registration form to Holmes Sackett F: (02) 6931 7113 or Po Box 5757, Wagga

WEST WYALONG

TEMORA

COWRA

Attendee’s first and last name(s) (as it/they will appear on name tag):

Trading name:

Course Number: 0803

Address:

Town:

State:



Phone: (___)

Postcode:

Fax: (___)

Email: Please advise of any special dietary requirements: How did you hear about the workshop? Please tick one

Newspaper Fax

Word of mouth Email

Consultant Phone call

Mail Website

Refund Policy - $100 cancellation fee charged for cancellation within 7 days of course Full payment is required prior to course commencement Payment details: $660 (GST Inc) for 1st business member $220 (GST Inc) for 2nd business member

Card expiry ___/___ CVV: ______

Card Number:

Total amount: $ Method: Cheque (payable to Holmes Sackett) VISA / MasterCard

(last 3 digits on back of card)

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Farm Machinery Own, contract, upgrade or downgrade? A workshop for farm business managers • Benchmark your machinery efficiency • Understand farm machinery profit drivers WORKSHOP AGENDA 8.50 am

Registration

9.00 am

Session 1 Introduction • Introduction to machinery decisions • Advantages and disadvantages of ownership • What makes a successful machinery decision?



Session 2 Productivity issues, scale and labour efficiency • Using probability and consequence • How to measure value of additional productivity • How to assess the influence of scale • The impact of labour on the decision

10.30 am Morning tea 11.00 am

Session 3 Principles of investment in agricultural ventures • Market & economic value - what’s the difference & why does it matter? • Understanding investment principles • Internal rate of return and net present value - important concepts • Risk premiums - how to set them

12.30 pm Lunch 1.30 pm

Session 4 Putting it all together • Determining the most profitable decision • Sensitivity analysis - what drives the outcome? • Using the website tools

2.15pm

Case study • Scenario analysis using the website tools

3.00pm

Afternoon tea / Close

FR course: FRTC0803

Ph: 02 6931 7110 www.holmessackett.com.au

Farm Machinery Own, contract, upgrade or downgrade? A workshop for farm business managers • Benchmark your machinery efficiency • Understand farm machinery profit drivers WORKSHOP FEATURES & BENEFITS Background

About the presenter - John Francis

Holmes Sackett has developed a workshop for farm business managers titled “Principles of successful machinery investment decisions”. The course provides participants with an understanding of farm machiner y profit drivers and enables them to benchmark their machinery efficiency.

Holmes Sackett Director/Consultant

About the course Farm machienry workshop participants will have the opportunity to benchmark their own machinery costs and efficiency. The workshop will provide participants with a framework for making objective decisions regarding farm machinery. The course shows how to use economic valuation principles in machinery decisions. Risk assessment is a feature of the course with examples of how to value risk provided.

John has been involved in the agricultural sector for 20 years. He has a technical background in agronomy, farm business management skills, expertise in investment analysis and an understanding of the drivers of profitability on farm. John’s client exposure and development of the machinery decisions course content, notes and tools have provided him with an excellent understanding of the drivers of success regarding farm machinery decisions.

Who should attend? •

Farm business managers

•

Farm staff

•

Key decision makers on farm

FR course: FRTC0803

Ph: 02 6931 7110 www.holmessackett.com.au

Farm Machinery Own, contract, upgrade or downgrade? A workshop for farm business managers • Benchmark your machinery efficiency • Understand farm machinery profit drivers WORKSHOP FEATURES & BENEFITS Workshop features

What will you learn?

• Value alternative machinery options

• Machinery ownership - costs and benefits

• Discern between threats and opportunities

• Contracting - costs and benefits

• Develop business skills

• Upgrading machinery - costs and benefits

• Understand investment principles

• How to compare ownership with contracting

The topics



• How to value the benefits of upgrading

• Introduction to machinery decisions

• What are the risks and how to value them

• Quantifying costs and benefits

• Depreciation methods compared

• How to value risk • Principles of machinery investment • Tools for machinery decisions

Cost and content The cost of the day-long workshop is $600 per head excluding GST. The cost of the workshop includes:



• Access to consultants expertise • Comprehensive set of course notes • Access to internet based tools • Morning and afternoon tea and lunch

FR course: FRTC0803

Ph: 02 6931 7110 www.holmessackett.com.au