From tomorrow (June 29) Tasmanian farmers will have access to a free online financial tool that will enable them to self-diagnose the health of their business and, if it’s found to be ailing, tell them where to go for specialist help.
The Tasmanian Farmers and Graziers Association (TFGA) is adding to its website a financial management module to the property management planning framework that it has developed with State Government agencies and the Rural Financial Counselling Service (RFCS).
It can be found at www.tfga.com.au under Policy Issues/Projects and will be live from 2 pm tomorrow.
“Basically the module enables a farmer to input data about their income and costs, trading, and assets and liabilities and the module delivers an assessment of the business,” TFGA project co-ordinator Dave Taylor said today.
“If there are any problem areas, the module generates a range of specialist advisers and other resources available to address the problem. It aims to help make more informed decisions relating to the management of the entire farming operation.”
Mr Taylor said the information remained confidential because the module was downloaded to the home computer before the farmer inserted the data.
“We have trialled it with farmers and agribusiness bankers and they have all found it very useful,” he said.
The framework has been developed with the Department of Economic Development, Tourism and the Arts, the Department of Primary Industries, Parks, Water and Environment, agribusiness professionals as well as the RFCS.
TFGA project co-ordinator Dave Taylor