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RURAL FINANCIAL
COUNSELLOR RFCS WA
Like many of WA’s agricultural enterprises, horticultural producers have tended to expand and grow their businesses over time.
So what started as small family businesses that were relatively simple and relied on the hard work of the owners have become larger operations.
In many cases, this has often also coincided with the introduction of more family members into the business and created a further cycle of expansion where production has had to grow to support more people in the business.
What might have once been a relatively straightforward business structure, may now involve two, three, or even more families and be reliant on bank or other financial services providing annual capital to fund the new season’s crop. Many family businesses have embraced these changes, harnessing modern farming systems and adopting new technology.
But the question is, have they also transformed their financial management system?
WA’s horticulture industry is seeing year-on-year growth and increased opportunities to cash in on lucrative export and domestic markets.
Getting the groundwork right can make all the difference when it comes to making your business successful.
So while a business needs be sustainable in the face of a natural disaster such as flood, fire or crop loss, you also need to consider “is my finance fit for purpose?”
The Rural Financial Counselling Service of WA (RFCSWA) can discuss these issues with you and explore potential plans and strategies that you can investigate to strengthen your business.
Our role is not to tell you what to do or how to do it, but to provide you with information that will allow you to make the best possible decision.
The RFCSWA is an independent, not-forprofit organisation and our services are free to registered primary producers and associated small businesses.
Call 1800 612 004 to discuss your financial future with an independent, confidential and experienced financial counsellor who is focused on assisting you to strengthen your business.
Preparing to attend a trade show
Attending international trade shows are a great opportunity to meet potential buyers, understand what customers are looking for and learn about your competitors. Trade shows can seem a bit daunting at first but with some preparation they can be very beneficial for your business and export development.
Bao Duy Nguyen:
Nuffield Scholar and Sun City Produce Managing Director Bao Duy Nguyen has released his report on the findings from his scholarship, which was undertaken in 2017. Vegetables Australia spoke to Bao about his Nuffield experience and the opportunities that it has presented within the industry as well as his own professional development.
Vegetable growing:
Vegetable growing is more than throwing seeds into the soil and expecting them to grow. It is a livelihood for many, including Western Australian grower Paul Glavocich. In this edition, Paul opens up about his growing operation and its challenges, his role at vegetablesWA and how a benchmarking project has assisted him in recent business decisions.
Working with Worksafe
This year, Pomewest has been facilitating and encouraging pome growers to engage with Worksafe with their Orchard Inspection Project. Worksafe representatives were invited to present at our recent industry engagement dinners in Donnybrook, Manjimup and the Perth Hills.