Facts for grow­ers

The Weekly Advertiser Horsham - - Ag Life -

Grains Re­search and De­vel­op­ment Cor­po­ra­tion has pro­vided an­other five farm busi­ness fact sheets to help grow­ers with on-farm de­ci­sion-mak­ing.

The fact sheets fo­cus on top­ics of struc­tur­ing busi­ness for gen­er­a­tional trans­fer; ap­ply­ing cor­po­rate prin­ci­ples and pro­cesses to the fam­ily farm; cap­i­tal-gains tax im­pli­ca­tions on the sale or trans­fer of farm­land; trans­fer­ring farm­land into a self-man­aged su­per­an­nu­a­tion fund; and in­vest­ing in a sprayer.

GRDC ex­ten­sion and com­mu­ni­ca­tion se­nior man­ager Luke Gaynor said the fact sheets were de­signed to pro­vide in­for­ma­tion about im­por­tant as­pects of farm en­ter­prises.

“The GRDC has long recog­nised that grower prof­itabil­ity is in­trin­si­cally linked to de­ci­sions made in the farm of­fice and around the fam­ily kitchen ta­ble, in ad­di­tion to those in the pad­dock,” he said.

“This is why the GRDC in­vests in re­search, de­vel­op­ment and ex­ten­sion that sup­ports grow­ers in all profit-in­flu­enc­ing facets of their farm­ing en­deav­ours.”

The five new fact sheets can be found at on­line at bit.ly/2e4zgxl.

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