Farm Machinery. Ph: Own, contract, upgrade or downgrade?

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1 TEMORA - Tues 9th August - Temora ExServices Memorial Club WEST WYALONG - Wed 10th August - West Wyalong Services & Citizens Club COWRA - Thurs 11th August - Cowra Services Club Time: Cost: 8.50am - 3pm $600 (plus GST) (65% FarmReady refundable) Topics for the workshop include: Quantifying costs and benefits How to value risk Principles of machinery investment Tools for machinery decisions Limited numbers! Register now! RSVP no later than 1st August Cost of the workshop includes: Access to consultants expertise Comprehensive set of course notes Access to internet based tools Morning and afternoon tea and lunch FarmReady 65% of costs refundable to FarmReady applicable participants after attendance. Visit website to determine your eligibility status and access relevant application forms. To register: Phone or visit our website for full information package and registration form.

2 LIMITED NUMBERS! REGISTER NOW! RSVP NO LATER THAN 1st AUGUST Please return completed registration form to Holmes Sackett F: (02) or Po Box 5757, Wagga TEMORA WEST WYALONG COWRA Attendee s first and last name(s) (as it/they will appear on name tag): Trading name: Course Number: 0803 Address: Town: State: Postcode: Phone: ( ) Fax: ( ) Please advise of any special dietary requirements: How did you hear about the workshop? Please tick one Newspaper Word of mouth Consultant Mail Fax Phone call Website Refund Policy - $100 cancellation fee charged for cancellation within 7 days of course Full payment is required prior to course commencement Payment details: $660 (GST Inc) for 1st business member $220 (GST Inc) for 2nd business member Total amount: $ Method: Cheque (payable to Holmes Sackett) VISA / MasterCard Card expiry / CVV: (last 3 digits on back of card) Card Number: Name on card: Signature:

3 8.50 am Registration 9.00 am Session 1 Introduction Advantages and disadvantages of ownership What makes a successful machinery decision? Session 2 Productivity issues, scale and labour efficiency Using probability and consequence How to measure value of additional productivity How to assess the influence of scale The impact of labour on the decision am Morning tea am Session 3 Principles of investment in agricultural ventures Market & economic value - what s the difference & why does it matter? Understanding investment principles Internal rate of return and net present value - important concepts Risk premiums - how to set them pm Lunch WORKSHOP AGENDA 1.30 pm Session 4 Putting it all together Determining the most profitable decision Sensitivity analysis - what drives the outcome? Using the website tools 2.15pm Case study Scenario analysis using the website tools 3.00pm Afternoon tea / Close

4 WORKSHOP FEATURES & BENEFITS Background Holmes Sackett has developed a workshop for farm business managers titled Principles of successful machinery investment decisions. The course provides participants with an understanding of farm machinery profit drivers and enables them to benchmark their machinery efficiency. About the course Farm machienry workshop participants will have the opportunity to benchmark their own machinery costs and efficiency. The workshop will provide participants with a framework for making objective decisions regarding farm machinery. The course shows how to use economic valuation principles in machinery decisions. Risk assessment is a feature of the course with examples of how to value risk provided. About the presenter - John Francis Holmes Sackett Director/Consultant John has been involved in the agricultural sector for 20 years. He has a technical background in agronomy, farm business management skills, expertise in investment analysis and an understanding of the drivers of profitability on farm. John s client exposure and development of the machinery decisions course content, notes and tools have provided him with an excellent understanding of the drivers of success regarding farm machinery decisions. Who should attend? Farm business managers Farm staff Key decision makers on farm

5 WORKSHOP FEATURES & BENEFITS Workshop features Value alternative machinery options Discern between threats and opportunities Develop business skills Understand investment principles The topics Quantifying costs and benefits How to value risk Principles of machinery investment Tools for machinery decisions What will you learn? Machinery ownership - costs and benefits Contracting - costs and benefits Upgrading machinery - costs and benefits How to compare ownership with contracting How to value the benefits of upgrading What are the risks and how to value them Depreciation methods compared Cost and content The cost of the day-long workshop is $600 per head excluding GST. The cost of the workshop includes: Access to consultants expertise Comprehensive set of course notes Access to internet based tools Morning and afternoon tea and lunch