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Cost of production workshops

Holmes Sackett is a key provider of cost of production workshops that teach sheepmeat, wool, beef and goat producers how to calculate their cost of production, identify where it is useful, and find opportunities to improve efficiency and profitability.  

The course teaches participants to think about the efficiency of their production system using full cost accounting. The course challenges participants to consider how the strategy they set impacts their cost of production. For example, lambing or calving at a time when there is insufficient feed quantity or quality will result in high labour and supplementary feed costs due to the need to meet the shortfall in energy demands.

The course will also highlight the variation in CoP between participants as a consequence of strategic management decisions.

Who should attend?

  • Sheepmeat/wool producers
  • Beef producers
  • Goat producers
  • Farm advisors 

About the course

This course will identify opportunities to improve profitability of enterprises by establishing the efficiency of your production system given your specific and regional climatic circumstances. It looks at all operating costs in the production system and the production that is able to be generated with those costs.

Questions answered by the course include:

  • Is there room to improve the long term efficiency of my production system?
  • What are the most profitable opportunities to take?
  • What will it cost me to implement those opportunities?

About the presenters

Sandy McEachern

Sandy has been an agricultural consultant for over 15 years. He has expertise in business analysis, benchmarking interpretation, timing of management events, stocking rates, animal health, capital allocation to improvement of livestock, pastures and infrastructure.

Sandy's client exposure, expertise areas and development of the cost of production course, notes and tools have provided him with an excellent understanding of cost of production and how best to implement improvements based on your cost of production calculation.

John Francis

John has over twenty five years of agricultural experience including operational experience as a jackaroo on an extensive wool and rangelands beef business, technical experience as an agronomist and farm business consultancy experience. John has developed an understanding of the business of farming during his career in agricultural consultancy. Through annual analysis of farm benchmarking data and working with clients to interpret the messages delivered from benchmarking John understands the drivers of profitability in broadacre agricultural enterprises. 

John delivered cost of production workshops for the goat industry across Australia and has developed the tools for cost of production analysis.

David Brown

David has operational experience having grown up in the extensive rangelands of north west NSW. During his employment with Holmes Sackett he has completed a pHD studying walk over weighing systems in sheep enterprises and has developed a solid understanding of the drivers of profitability in southern extensive farming systems. David has a wealth of practical experience in the delivery of Cost of Production courses.

What will you learn?

  • What cost of production is and how it can be a useful indicator of possible opportunities to improve farm performance and profitability
  • How to calculate cost of production
  • What the cost of production is for your enterprise by calculating your own cost of production
  • How to identify opportunities for improvement on your farm
  • How to use the cost of production calculator to plan for improvements
  • What impact you have had on cost of production by recalculating your own cost of production to quantify improvements

The topics

  • Introductions and awareness of how cost of production is calculated 
  • Key issues in calculating and interpreting cost of production information
  • Case study exercise in calculating cost of production
  • Discussion on case study and advice on calculating individual participants CoP
  • Analysis of variation within the group in key components of cost of production
  • Discussions on individual recommendations

NB: Topics are somewhat flexible and may be modified to suit the group.

Cost and content

The total cost of the workshop is $650 per business (max. 2 business members attending), however eligible businesses will be able to subsidise this cost through the NSW RAA Farm Business Skills Professional Development Program. 

The cost of the workshop includes:

  • Access to consultants expertise
  • Practical cost of production calculator
  • A comprehensive cost of production business report
  • Guidelines for success
  • Morning and afternoon tea and lunch