Many farm businesses in Australia are structured to fail - strong words indeed. But in this series of articles, Sean Martyn explains the facts supporting this opinion and shows how farms from across Australia are restructuring to produce healthy profits and rebuild the desirable quality of life that once defined living and working on a farm. Many factors affect the profitability of farm business. Everything - from climate, prices and exchange rate through to self-esteem, family harmony and the phase of the moon - plays its part. This can make improving profitability daunting. The important fact to keep in mind is that management can influence either directly or indirectly all the factors affecting profitability. So management has the potential todramatically improve the profitability of any farm business. Resource consulting services (RCS) has been benchmarking farms throughout Australia for more than a decade. It has measured the top, bottom, middle and sides of the farming sector, and analysedwool, beef, sugar, bananas, cotton and various fruit crops.
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