Friday, March 29, 2024

Action groups want more profit

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Farmers achieving higher farm profit are the focus of 16 action groups focusing on how to convert ideas and knowledge into action.
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The groups of seven to nine farmers were launched last year by the Red Meat Profit Partnership Action Network to identify common opportunities to lift farm profit and work out an action plan to meet the goal.

Each farm gets $4000 for expert advice and trained facilitators.

Unlike participating in a discussion group, the group must commit to an action plan to meet goals. 

After a year the farmers start paying the group’s costs.

Project manager Brendon Patchett said 16 groups had plans and funding approved and more than 60 groups had registered with another 40 being formed.

Issues being addressed include farm transition and succession planning, business planning, feed planning and building resilience into dryland farming systems.

The Action Network was developed after research identified the characteristics of top-performing farm businesses.

It found farmers are well catered for with access to information and events but lack support to convert ideas and knowledge into action.

“This came through the research as a missing component. 

“However when this support was in place, it resulted in confidence to tackle change in their farm business.”

Support to convert ideas into action and results was often lacking and farmers were often left scratching their heads about how to do it.

They either didn’t understand or under-used hel available from rural professionals.

Now the facilitators will ensure group members hold each other to account and make sure famers are implementing their promised business or management changes.

Experts supporting the farmers cannot just supply information but must ensure action that meets financial goals.

So far about 600 farms are involved. The target is 3000.

MORE: 

www.actionnetwork.co.nz

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