Planning for Drought
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Stock Wise Tips from Holmes Sackett Pty Ltd

Click here to listen to an interview with John Francis, Holmes Sackett Pty Ltd

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Woolgrowers need to be armed with the right information and decision making tools to allow them to plan and prepare to be in a position, 12 months from now, that allows them to continue operations.

The key aim is to minimise losses by assessing the drought impact on income, look at continuing costs until the drought breaks such as livestock feeding costs, overheads and debt servicing, along with the costs of restarting each enterprise in the next year if this becomes an option. This will determine what the financial position will be the following year and if this is sustainable.

In managing this process of planning, decision making and taking action against drought producers need to think about a range of situations and issues such as:

• What are the most effective ways to minimise losses?
• What will the costs of restarting each enterprise the following year?
• What information is available to help plan for the season ahead?

By planning, assessing and seeking advice, sheep producers will be in the best situation possible to take action to maintain sustainable operations.