TNQ Drought Hub
James Cook University Australia
Search

Building Stronger Beef Businesses through Property Management and Financial Systems Workshop

Key takeaways

  • By strengthening an understanding of financial systems and performance monitoring, producers are better equipped to make data-driven decisions that enhance business resilience and sustainability
  • Workshops like these are vital in ensuring long-term profitability and deliver valuable learning opportunities that empower producers
  • The TNQ Drought Hub and Node Partner Fitzroy Basin Association delivered the Property Management and Understanding the Financial Systems Workshop to central Queensland graziers

On 11 December, the TNQ Drought Hub and Node Partner Fitzroy Basin Association hosted the Property Management and Understanding the Financial Systems Workshop, bringing together a dedicated group of 10 Central Queensland beef producers in Emerald. Taking a break from their breeding operations, these producers spent the day learning valuable business insights from Simone Parker, Bush Agribusiness and Sheree Johnston, Fitzroy Basin Association Sustainable Agriculture Facilitator.

Key Learnings from the Workshop

Simone Parker led discussions on property management and financial systems, focusing on strategies that drive long-term profitability and sustainability in grazing enterprises. The session covered essential topics, including:

  • The difference between management and compliance accounts and how each impacts decision-making.
  • What defines a sustainable beef business and the key factors influencing profitability.
  • The drivers of profit in a Central Queensland beef enterprise.
  • How to measure and monitor business performance effectively.
  • Understanding regional industry performance benchmarks.
  • Key distinctions between average producers and the Top 25% performers.
  • The importance of herd records and what they reveal about herd health and overall business success.
Attendees at the Property Management and Understanding the Financial Systems Workshop
Practical Takeaways for Producers

The relaxed and interactive workshop format was well received, providing producers with practical tools and resources to implement within their businesses. Attendees gained hands-on knowledge to improve breeding herd performance data collection, focusing on crucial metrics such as:

  • Earnings Before Interest and Tax per Animal Equivalent (EBIT/AE)
  • Cost of Production
  • Reproduction Rate
  • Mortality Rate
  • Turn-off Weight

By strengthening their understanding of financial systems and performance monitoring, producers left the workshop better equipped to make data-driven decisions that enhance business resilience and sustainability.

Workshops like these are vital in ensuring long-term profitability for Queensland’s beef producers. TNQ Drought Hub remains committed to delivering valuable learning opportunities that empower producers with practical, actionable insights to support a more resilient future.

Receive our newsletters and news updates straight to your inbox

SUBSCRIBE NOW
This program received funding from the Australian Government’s Future Drought Fund.
We acknowledge the Australian Aboriginal and Torres Strait Islander peoples as the first inhabitants of this country and pay our respects to the Traditional Owners and Elders, past and present, of the land on which we stand today, the Djabugay (pronounced Jap-ur-kai), Yirrganydji (pronounced Irri-kan-dji) and the Gimuy Yidinji (pronounced Goom-eye Yidinji) people (and all other country/people joining us today). In the spirit of reconciliation, we also acknowledge the valuable contribution that Australian Aboriginal and Torres Strait Islander peoples continue to make to James Cook University and the broader community.

Connect

Twitter Linkedin Facebook Instagram Youtube

Copyright TNQ Drought Hub 2025

Website by Mitchell Creative