Producers invited to learn finances

Somerset producers are invited to attend a free workshop on 16 April. Picture: UNSPLASH

Producers in Somerset are invited to expand their knowledge with a free workshop exploring financial planning and legalities to future proof their operations.

The workshop, organised by Somerset Regional Council (SRC), will be held at the Somerset Civic Centre in Esk on Tuesday 16 April over four hours starting at 10am and will explore areas that every business needs to thrive.

SRC Mayor Jason Wendt said the program would explore critical areas of business that are often put to the side.

“Financial planning and good business structures are just as important to the viability of your operation as your on-the-ground operations,” Cr Wendt said.

“I run a small beef cattle operation here in Somerset and know that by having this free forum at your fingertips it makes it easier to look at some of the basic questions we need to ask ourselves to be financially prepared.

“A range of experienced advisers in financial planning, counselling and farm business resilience will be at the workshop to address key issues and provide practical examples.”

A QRIDA adviser and a financial counsellor will explain how to access support and information required to apply for a loan or a grant.

Cr Wendt said succession planning can be a tough challenge because no one wants to think about the inevitable but it’s crucial in business.

“This workshop will help producers understand what is involved and why it’s critical to business operations,” he said.

The workshop is brought to residents by SRC with assistance provided through the jointly funded Commonwealth-State Disaster Recovery Funding Arrangements (DFRA).

Registration is essential and can be secured by visiting eventbrite.com.au/e/agribusiness-forum-tickets-861314393537 or by phoning SRC on 5424 4000.