Menu
Community

Vision plays a key role in agri-business

FUTURE-PROOFING: Anthony Coates, John Whitfeld, Chantal Reid, Heather Smith, Tony Reid and Gordon Stone at Pastoral Profit's seminar.
FUTURE-PROOFING: Anthony Coates, John Whitfeld, Chantal Reid, Heather Smith, Tony Reid and Gordon Stone at Pastoral Profit's seminar. Martin Volz

PRIORITISING agri-business stability and security through transformation were key themes at a Pastoral Profit seminar held at Charleville Racecourse.

Graziers listened to keynote speakers familiar with agri-business transformation.

The speakers aimed to open the communication channels within grazier establishments to find out which direction they are headed.

Pastoral Profit co-ordinator Heather Smith said the discussions also focused on sustainable business growth and longevity.

"Preserving business identity is important,” Ms Smith said.

"Being clear on the future you want for yourself is sometimes not the same thing for the business.”

One of the major issues tackled during the meeting was what steps graziers should take to leverage their assets.

"Leasing and share farming are options,” Ms Smith said.

"Maybe the land is kept for future use because family members may not be ready [to take it on] now.”

Discussions about agri-business strategy are not about money but rather deal with emotions, belief and trust within the family circle.

Siblings Tony and Chantal Reid attended the meeting to see how they could develop business strategy skills when it comes to managing their family-owned meat sheep property at Curragh, Cunnamulla.

Mr Reid said part of their attendance was to get his sister "up to speed” with their family business while she studies at University of Queensland.

"This has opened the conversation up for us about how to talk about what we want to do,” Miss Reid said.

She said she was optimistic their sheep meat business would have a clearer 25-year vision following the discussion.

"People don't talk about business strategy until it is a problem,” she said.

"More of these meetings need to happen.”


Stay Connected

Update your news preferences and get the latest news delivered to your inbox.

Leg falls off as sword-wielding ice user strikes

A machete and sword were found at his house after the attack on delivery men.

Man bloodied after motorbike parts delivery turns violent

SSM VOTE: The four MPs who voted 'no' to gay marriage

Former Australian prime minister Tony Abbott leaves the chamber ahead of the final vote on the Marriage Amendment Bill in the House of Representatives at Parliament House in Canberra, Thursday, December 7, 2017.

George Christensen couldn't bring himself to face the vote

Sex videos, rude texts from jealous 'alcoholic'

Sexting, jealousy, and booze made a volatile cocktail.

'Appalling, disgusting' way to use a mobile phone

Local Partners