New fact sheets for farm­ers

Warwick Daily News - South West Queensland Rural Weekly - - Campdrafting -

THE Grains Re­search and De­vel­op­ment Cor­po­ra­tion is fur­ther as­sist­ing grow­ers with their farm busi­ness de­ci­sion-mak­ing through the re­lease of new na­tional re­sources.

The GRDC has pub­lished an­other five Farm Busi­ness Fact Sheets fo­cused on the top­ics of struc­tur­ing your 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 are de­signed to in­form grow­ers’ de­ci­sions on im­por­tant as­pects of their farm en­ter­prises.

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

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

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