CONTENTS
1. ACKNOWLEDGEMENTS .............................................................................................................................1
2. GLOSSARY OF TECHNICAL TERMS .........................................................................................................2
3. INTRODUCTION ..........................................................................................................................................3
4. MEASURING AND CHANGING PROFIT .................................................................................................4
5. KEEPING RECORDS FOR THE FARM BUSINESS ..................................................................................8
6. BUDGETING FOR PROFIT ..........................................................................................................................11
7. BASING DECISIONS ON RETURNS ..........................................................................................................12
8. BENCHMARKING .........................................................................................................................................14
9. GOOD TIMES, BAD TIMES .........................................................................................................................16
10. STRATEGIES FOR THE FUTURE (WHERE IS THE BUSINESS GOING?) ..........................................17
11. BORROWING ................................................................................................................................................20
12. TRANSFERRING THE FARM TO THE NEXT GENERATION .................................................................21
13. BUSINESS STRUCTURES ............................................................................................................................22
14. INSURANCE .................................................................................................................................................23
15. MANAGING FARM SAFETY .......................................................................................................................24
16. OBLIGATIONS UNDER REEF LEGISLATION ..........................................................................................26
17. TRAINING AND TOOLS ..............................................................................................................................27
18. THE FARM OFFICE ......................................................................................................................................29
19. SELF EVALUATION ......................................................................................................................................29
20. FURTHER READING ...................................................................................................................................31
APPENDIX .............................................................................................................................................................32
