|
|
|
|
|
| Hutchings, Timothy R.. |
| This study presents a method of simulating longer-term cash flows that reflect the cumulative effects of variation in seasons, prices, enterprise sequences and mixes and other management decisions. It can be used to develop full risk profiles on a whole-farm or individual-component enterprise basis for most dryland farms in southern Australia, at gross margin, profit or cash flow levels. This analysis concentrates on the cash flow implications of these various scenarios because cash flow is the indicator which includes all costs, and therefore demonstrates affordability and the long-term viability of the farm business entity. This study shows that the role of sheep in the mixed farming enterprise in south-eastern Australia is to reduce the exposure of the... |
| Tipo: Article |
Palavras-chave: Whole-farm planning; Cash flow; Sheep; Crops; Risk; Farm Management. |
| Ano: 2009 |
URL: http://purl.umn.edu/121467 |
| |
|
|
| Hutchings, Timothy R.. |
| This paper extends the long-term cash-flow simulations reported in Part I (Hutchings 2009) to include a range of seasonal scenarios at four representative dryland sites in south-eastern Australia. The effect of varying the proportion of sheep and cropping in the enterprise mix at each site on cash surpluses is discussed. The analysis shows that, for most sites, the cropping enterprises require better than average seasons, prices and water-use efficiencies to generate a positive cash flow and are subject to substantial variability and risk of loss. In contrast, the sheep enterprises show small but stable cash flows in all but extreme drought conditions. This paper emphasises the need to include site-specific, long-term variability and whole-farm costs in... |
| Tipo: Article |
Palavras-chave: Whole-farm planning; Cash flow; Sheep; Crops; Risk; Farm Management. |
| Ano: 2010 |
URL: http://purl.umn.edu/121495 |
| |
|
|
|
