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Cairns Local News
Briefs
Nicholl’s Global Role Cairns businesswoman, Fiona Nicholl has been elected to a senior role with Sai International last weekend. A former Australian President of the organisation, in 2018 Ms Nicholl was elected a Director’s role at the Skål World Congress in Mombasa, Kenya and has made history this weekend.
BUSINESS
Friday, October 23, 2020
Terrain NRM and farmers working to improve erosion
On-line Sustainability Training for Farmers
At 39 years of age, the Cairns businesswoman is one of the youngest ever members to be elevated into the association’s Vice President position.
THERE is no taipan in your office – that’s the first message for Far Northern graziers in new workshops on the fundamentals of business management.
Mr McLean said integrating soil health and ecology with production and economics showed the clear link between ecosystem health and profitability.
Ms Nicholl, who aspires to represent Cairns in the role of World President when the next elections are held in October 2021, said she is thrilled to receive this nod from fellow Skålleagues and the tourism industry.
“The office is the last place a lot of primary producers want to be,’’ RCS farm business analyst David McLean says. “But that can change when you know more about how to look under the hood of a business.”
“Better decisions for the land are usually the result when landholders analyse their businesses and have all the information in front of them to make sound financial decisions,’’ he said.
Hosted via Zoom and live streamed via YouTube, this year’s Skål World President Peter Morrison led the Annual General Assembly on Saturday 17 October from his home in Christchurch, New Zealand. According to Ms Nicholl, the meeting was originally scheduled to be held in Rijeka and Opatija, Kvarner Region, Croatia however, due to COVID-19, was cancelled.
I N N I SFA I L
Farming families are taking a free course on Sustainable Resources and Business Management, offered by natural resource management organisation Terrain NRM as part of two land management projects in the Tablelands and Innisfail regions. Kairi grazier Kellie Evans says the course is a natural sequel to others focused on improving soil health and adopting natural grazing practices.
“Soil health and holistic grazing changes are one part of a transition – we also need to be monitoring whether our on-farm changes make financial sense,’’ she said. “We all have farm records and basic accounting practices. This is about combining records into meaningful data.”
differently. It’s like an internal audit - breaking things down to monitor each part of our enterprise and put a dollar figure on it, from soil health to cattle production. That way we can more accurately work out what our best options are for the longterm, from carrying capacity to things like fodder crops.
She says it has been an eye-opener for her family’s farming business.
“I’m not the greatest bookkeeper – I prefer to hide out with the cows – so I’m getting a lot out of it.”
“We’re looking at things a bit
“When we feel under pressure financially, quite often we work our country too hard as a result and this creates a downward spiral for land and business. This course is designed to stop that happening.” The course is part of Terrain NRM’s Upper Johnstone Integrated Project, funded through the Queensland Government’s Natural Resources Investment Program, and the Herbert River Gully and Grazing Program
funded by the Australian Government through its Reef Trust Phase IV program. Both projects are focused on working with landholders to repair erosion, improve the land and reduce the amount of sediment flowing to the Great Barrier Reef. TOP TIPS FOR LANDHOLDERS Keep it simple - continuously plan, monitor and manage your financials. Make sure both your income and expenditure are considered. Monitor actual performance to analyse your budgets. Strongly link the paddock and the office. Cattle numbers, what’s changed and why are just as important in the office as the paddock.
The Federal Budget and What It Means To You DR RAY HAMEY
TAX cuts for most workers will be of great benefit for the Cairns economy. The Federal budget is designed to put more money in your pocket so that you will spend thus circulating the economy approximately 10 times as advised by economists. This appears to be a great strategy. Other key points are for those receiving pensions including family tax benefits. There will be two additional payments of $250 twice a year to pensioners, which once again, is designed to
circulate in the economy. The Federal budget is designed to drag us out of recession. The best way out of a recession is to create an environment so that people will spend a little more which will circulate the economy. This will then create jobs thus becoming a self-perpetuating solution. The Federal budget will allow a business to write off newly acquired assets instantly. This is effective in preserving the cash flow for that period of time. However, it is advised that with a rising income, that this
may not be suitable for your business. Depreciating (writing off the cost of the asset over a number of years) may not be the best strategy for the short term thus the instant asset write-off may be of great cashflow benefit for the year. Whilst the budget relies on some big assumptions, particularly with the COVID-19 vaccine being available, it is designed to stimulate the economy by providing tax cuts for just about all concerned. This will increase the spending in the local economy, thus driving Cairns out of recession.
