PROfarm

Calculating cost of production for your beef enterprise - PROfarm course

Name:	Calculating cost of production for your beef enterprise
Description:	A workshop for beef producers to identify the cost of production for their enterprise to improve decision-making and maximise profits.
Cost:	This course is costed at $146, but after subsidies provided by the NSW Government, NSW producers pay only $65.
Course aims:	To assist beef producers calculate the cost of production for their business to assess enterprise performance and maximise profit.
Learning outcomes:	Develop an understanding of business benchmarking and key performance indicators Identify why cost of production is critical to business performance Calculate cost of production for a business using the MLA cost of production (CoP) calculator Identify opportunities for further skill development
Length:	4 hours
Course program/structure:	Cost of production; what is it and how does it relate to profit? Using the MLA CoP calculator Calculating the cost of production for your enterprise Discussion and close
Resources and method of delivery:	Participants receive the MLA More Beef from Pastures CD containing a manual, CoP calculator and tips and tools. This course is delivered indoors.
Accreditation:	This course is mapped to the national unit of competency RTE4913A - Analyse and interpret production data. Meat and Livestock Australia was involved in the development of this course.