Primary producers in the Mackay district have the opportunity to expand their knowledge, free of charge, at a series of Rabo Client Council workshops.
The workshops are designed to help provide the financial skills essential to managing an agricultural enterprise and will provide farmers with an opportunity to both upskill and network.
The initiative has been spearheaded and funded by food and agribusiness banking specialist Rabobank’s Rabo Client Council, a group of the bank’s farming clients who volunteer their time implementing programs that contribute to the sustainability of rural and regional communities.
Offered free of charge to participants, the interactive workshops provide practical, hands-on advice for understanding financial statements and banking requirements and explore topics such as taxation versus management accounting, essential business management ratios and understanding key components of a business’s financial profile.
Northern Queensland & Northern Territory Rabo Client Council member and Mackay-based accountant, Tony Olsen said “financial skills are important for our producers and the next generation of producers.
“Many of our next-generation farmers may be highly educated, or have extensive on-farm experience, but understanding financial reporting and banking requirements is often foreign to them which is why these workshops are so valuable,” he said.
Mr Olsen said the workshop content would consider cash flow implications of a variety of enterprises and there will also be a focus on preparing annual cash flow budgets.
He said the content had been specifically tailored for the workshop locations – focusing on beef and sugar enterprises at Mackay and sugar and horticulture operations for Ayr.
“The workshops have been designed so couples and family members can attend together – it is a really valuable opportunity to get away from the farm for the day to take in the same information and develop an understanding of financial reporting together,” he said.
Rabobank head of relationship management for Northern Queensland and Northern
The workshops, limited to 30 participants each and are not restricted to the bank’s clients, will be presented by director of Hudson Facilitation, Tony Hudson.
The workshop will be held at the Windmill Hotel and Events Centre, North Mackay, on Tuesday, April 9 from 8:30am to 3:30pm.
To register to participate, visit rabobankaunz.eventsair.com/financial-skills-workshops/registration/Site/Register.
Morning tea and lunch catering will be provided.
Northern Queensland & Northern Territory Rabo Client Council member Tony Olsen
