Good farm business planning is critical in helping sheep and beef farmers increase productivity and profitability.
The Red Meat Profit Partnership, of which Beef + Lamb New Zealand (B+LNZ) is a partner, has developed an online business planning tool - BizPlan.
BizPlan helps farm businesses identify goals and develop an action plan to assist in achieving these goals.
Tararua agribusiness consultant and farmer Rachel Joblin helped develop BizPlan and she believes it’s an effective way to help boost profitability.
“Using BizPlan is simple and starts with setting up a login via the B+LNZ website,” says Rachel.
“The beauty of BizPlan is that you can save your plan and review, revise and update it later. Any information you put in is private and is password protected.”
Four different areas are worked through – production, business, environment and people, the same questions will be asked for each.
BizPlan is focused on sheep and been farming so all the language and features are relevant.
“It’s not going to tell you what you should do but it prompts and coaches you through ideas with the intention that at the end you will have some actions that will move you towards your goal.
“It’s all about trying to improve the profitability of sheep and beef farmers.”
To find out more, visit: https://beeflambnz.com/bizplan-line-business-planning-tool or start by signing up for BizPlan via your B+LNZ website account.