Media Release: Leading consultants, Agripath, to support Farm Table launch
Media Release: Leading consultants, Agripath, to support Farm Table launch
November 2, 2017
The average Australian farmer is now managing a business with an asset value close to $5 million dollars (Australian Farm Institute, 2016). With this in mind, there is no question that farmers need to be skilled in a wide range of areas to successfully manage agricultural businesses, one of which is farm business and financial management.
We must be able to understand our key profit drivers and how different enterprises are contributing to the overall result in order to improve our farm performance.
An Agripath workshop in Spring Ridge with the Young Aggies Group. The workshop was about integrating technical data and profit drivers for more informed decisions. (Agripath)
Farm benchmarking or comparative analysis is a tool to do this and involves understanding your performance and profitability over time and how that compares to other like-businesses. This can be done at a whole farm level or an individual enterprise level and can help to identify gaps and opportunities in your operation.
Understanding how to analyse a farm business and capturing the necessary data to do so can sometimes be overwhelming. However, the Farm Table provides an online space where farmers can go to explore knowledge –research, reports and guides – related to farm benchmarking and performance improvement.
Launching on November 9, the Farm Table is proudly sponsored by Agripath, who’s experience in this area is second to none. The company was formed with a clear vision to collect and provide farm financial and production data to farmers in a format that allows them to understand their business and assist in making better decisions. With over 25 years’ experience working with farmers to improve their profits and an absolute commitment to ensuring they are working with high quality data, the Agripath team of consultants spend the time to ensure that our clients are getting the greatest rewards from their businesses.
Over twenty years of data gathered from AgriPath has revealed that the differences in farm performance for similar farms in the same region is over $300,000 /year. Over a lifetime of farming this equates into enormous differences in wealth.
Agripath understand that good management evolves from a capacity to make good decisions, good decisions need the best possible information. Simon Fritsch, Director of Agripath, stated, “The Farm Table provides an ecosystem of technical information, industry resources and connections which make puts good information and advice at your fingertips.”
Some of the Agripath Team- Simon Fritsch, Emily Sims and Rob Sizer presenting at a Workshop (Agripath)
“Like the Farm table, Agripath was formed with a clear vision to provide innovative farmers with comparisons of financial performance and production data in a format that allows them to understand management performance and assist them to make better decisions. It this clarity of insights for decision making that puts the Farm Table and Agripath at the forefront of Australian farming,” continued Simon.
Airlie Trescowthick, founder of the Farm Table, is incredibly proud to have the support of Agripath.
“Agripath are leaders in their field, and through their Profit Focus, Farm Focus and due diligence work on farm acquisitions, they provide immense value to their farming clients. I have had the pleasure of working with the team, who work closely with you to guide you through the process and the outputs enable you to really understand clear pathways to increase profit. We are so grateful of their support of the Farm Table launch.”
Please visit www.farmtable.com.au to register for the launch event.
For more information, contact Airlie Trescowthick (Farm Table – airlie@farmtable.com.au) or Kate Fritsch (Agripath – kate@agripath.com.au)
