Start Date/Time: Monday, 11 December 2017 10:30 AM
End Date/Time: Monday, 11 December 2017 2:00 PM
Recurring Event: One time event

Farm Business Fundamentals

Three days

This program provides participants with the skills and knowledge to improve their farm business management. It will introduce Dairy Australia’s Standard Chart of Accounts, Dairy Farm Business Analysis fact sheets and the Dairy Cash Budgeting Tool. At the end of the course, participant will be able to set up good record keeping systems, as well as prepare an annual farm budget and understand balance sheets. Dairy Australia and WestVic Dairy are making this course available at no cost to participants during the 2017/18 financial year.

Presented by Angus Drummond


Covering the basics

- Principles, concepts and terminology

- Information in your business—how you can use it 

- Keeping good financial and physical records

Business obligations

- Working with your bank 

- Tax requirements and your legal obligations?

- People in your business

Getting organised 

- Setting up

- Using the dairy Standard Chart of Accounts 

- Going electronic - spreadsheets, software and life in the cloud

Financial data and budgeting

- Farm budgets – completing an annual farm cash budget

- Tracking cashflow and performance through the year 

- Preparing a balance sheet

Monitoring and reporting

- Farm business performance indicators

- Tracking farm business performance over time

Location and dates

Time 10.00am – 2.30pm (all days)


Day 1: Monday 13th November

Day 2: Monday 20th November

Day 3: Monday 11th December

RSVP to WestVic Dairy P: 5557 1000 E:

For more information contact Laurie Hickey on 0439 833 484 | E:

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