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Financial Benchmarking, the importance of financial benchmarking and how to go about it
Description
The economics of farming are a crucial component for all growers, and it’s not always a skill set that comes naturally.
That’s why a group of Victorian growers has come together to pool their knowledge and resources around the topic of financial benchmarking.
One of the tools used by the Victorian grower group is business management software (P2P Agri) made by leading farm management consultant, Michael Krause, who also previously developed the ‘Farming the Business’ manual for GRDC.
Victorian growers Peter Aikman and Alistair Murdoch discuss the importance and the practicalities of financial benchmarking.
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