How to make an informed decision in changing conditions
Did you know that the Department of Agriculture and Fisheries has agricultural economists to assist you to evaluate enterprise options? Whether it be comparing the return on investment, or diversifying your business interests, agricultural economists can help!
In this video, north Queensland beef producer, Doug O’Neill describes how working with agricultural economists has improved his business’ profitability.
“We’ve even done a heifer trial here at Mount Oweenee, where we have valued the cost of bulls. We’re not joining as many bulls. We’re probably saving ourselves a capital value of, I don’t know, it could be up to
$20-25,000 capital costs in bulls we put out per year. Over a number of years, I mean 10-15 years,
that’s a lot of money!”