Making profitable management decisions after the dry (Financial Management)

Recovering from drought is a challenging period, particularly as many businesses find themselves in a tight financial position. Proactive financial and business planning during this time will ensure your business is in the best position to return to a positive cash flow and profitable operation as quickly as possible.

Part one of this (three-part) webinar series will focus on:

• Understanding your financial position – developing cash flow projections, identifying options to improve your cash flow
• How to improve negotiations with your bank – what are the banks looking for?
• Developing a business plan – what are the key components & where can I find additional support?
• Planning for the future – medium-long term business planning
• Financial assistance for recovery – what support is available through the drought relief assistance scheme and what are the eligibility requirements?

By watching the full recordings you will hear from two very experienced presenters:

1. Bronwyn Schultz – Rural Financial Counselling Service, Southern Queensland
2. Kristie Clark – Senior Industry Development Officer, DAF

You can watch the full recordings or use the playlists below to jump to the start of a particular section within the presentations.

Full recordings

• Financial management considerations for producers (Bronwyn Schultz). 31:46; published 7 July 2020 by FutureBeefAu.
• Financial drought recovery (Kristie Clark). 4:43; published 7 July 2020 by FutureBeefAu.

Playlists

• Financial management considerations for producers (Bronwyn Schultz).
• Financial drought recovery (Kristie Clark).

Download a copy of the presentations

• Financial management considerations for producers (Bronwyn Schultz; 2.51 MB, PDF)
• Financial Drought Recovery (Kristie Clark; 0.9 MB, PDF)

Additional resources

• Rural Financial Counselling Service (Southern Queensland)
• Drought Relief Assistance Scheme guidelines and form
• Transport and livestock returning from agistment freight subsidy
• Freight subsidy application: Stock returning from agistment
• Transport of livestock purchased for restocking freight subsidy
• Freight subsidy application: Animals purchased for restocking

Full recording – Financial management considerations for producers (Bronwyn Schultz)

Playlist – Financial management considerations for producers (Bronwyn Schultz)

1. Financial management considerations for producers
2. Disclaimer
3. How does the rural financial counselling service help?
4. A rural financial officer can…
5. Understand your financial position
6. Why…what’s the value?
7. Working with your bank
8. Developing a business plan
9. Cash Flow – what’s the point?
10. Tools (to use)
11. Support available
12. In summary…
13. What’s in the toolbox?
14. Take home messages

Full recording – Financial drought recovery (Kristie Clark)

Playlist – Financial drought recovery (Kristie Clark)

1. Making profitable management decisions after the drought
2. Drought Relief Assistance Scheme (DRAS)
3. Eligibility (with agistment)
4. Restocking
5. How do I apply?
6. Take home messages