Disclaimer
The information contained in the nine (9) PowerPoint presentations is intended for general use to
assist qualified Extension Officers to communicate the material covered in the Manual “Managing
Indigenous Pastoral Lands” to Indigenous pastoralists and their advisors and other stakeholders. It
includes general statements based on scientific research. Extension officers are advised to seek
training in the delivery of the PowerPoints where necessary.
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presentations may contain images or names of people who have since passed away.
Running a Beef Cattle Business
Running a Beef Cattle Business
Main Actions
• Analyse Strengths, Weaknesses, Opportunities
and Threats - SWOT
• Prepare Business Plan for future operation of your
Cattle Station to assist in attracting finance
• Be aware of Business Governance requirements
• Know how to Record and Budget
• Know how to measure Performance through
Management Accounting
SWOT Example
STRENGTHS
LAND OWNERSHIP
COMMUNITY LABOUR FORCE
WEAKNESSES
LACK OF CATTLE
LOW LITERACY AND
NUMERACY
STRENGTHS
OPPORTUNITIES
SUBLEASING
EDUCATE AND TRAIN YOUTH
CONTRACTING
THREATS
WELFARE IS EASIER OPTION
Robin Yeeda,
Manager Lamboo
Station, helps launch
Management Manual
Business Planning
STRENGTHS
Planning on Ullawarra Station, Gascoyne WA
Business Planning Steps
• Give legal and financial makeup of Corporation
operation
• Provide business proposal outline, type and
suitability of cattle to be run on your station
STRENGTHS
• Describe current business - markets, labour
requirements, and cattle industry performance
• Provide full business management plan over next
3-5 years
• Show how your business plan will be monitored
Business Plan
Your Corporation
• State Corporation name and shareholders
(Traditional Owners)
• If Corporation already has a cattle business and
accountant, provide
financial accounts for:
STRENGTHS
o an annual Balance Sheet
o last 3 years cash flow and income (profit
and loss)
• Describe Corporation key people - Board
Members, Manager and Headstockman
Business Plan
Overview
• The business is an Aboriginal Corporation
owning and running a cattle station
STRENGTHS
• Give general proposal
or goal e.g. to grow cattle
numbers and sales over next 5 years and provide
employment for local young people
• State main type of enterprise e.g. breeding and
turning off steers for live export
STRENGTHS
Business goal - engaging young people
Business Plan
Your Current Business
• Station location and cattle industry involvement
• Area, current cattle numbers, availability of
labour
STRENGTHS
• Nearest markets for cattle
• Cattle industry performance
• Land ownership or any subleasing
arrangements
• Who we contact for advice
STRENGTHS
Planning Grazing Land Management,
Warrigundu NT
Business Plan
Financial Analysis
STRENGTHS
• Prepare Cash Flow
budgets for 3-5 years
• Show cash inflows (e.g. cattle sales) and cash
outflows (how cash is used)
• Give finance structure and repayment
schedule
Business Plan
Monitoring & Evaluation
• State how progress against the business plan
will be monitored
STRENGTHS
• Who will be responsible for carrying out and
monitoring of the plan
• Details of what will be monitored
• The key milestones and benchmarks by
which the business will be monitored
Business Management - Governance
•
•
•
•
•
•
•
Corporate
Financial
Cultural
Board to follow rules and processes
Approve business plans and budgets
A respected mentor may help
Employ an experienced Company Secretary
Management Accounting
STRENGTHS
Cora Johnston, Bookkeeper, Myroodah Station, Kimberley WA
Management Accounting
Records
•
•
•
•
•
Livestock return each month, quarter or year
Record income STRENGTHS
Operating expenses
Finance and capital costs
Wages book
Livestock Return
Aboriginal Pastoral Company
Monthly Stock Return
Whichone Station
Opening
Numbers
Purchases
Brandings
Month Ending
Recoveries /Losses
Sales
Rations
31-Jan
Deaths
2013
Closing
Numbers
Year No.
Class
Age
Adjust- ments
2
Maiden Heifers
1-2
220
10
2
208
1
Maiden Heifers
2-3
200
20
2
178
0
First Calf
3-4
180
10
2
168
9
Cows
Mxd
700
100
12
Breeders
Sub Total
1,300
-
-
-
140
-
588
18
-
1,142
Unjoined Females
3
F. Calves & Weaners
0-1
-
2
Maiden Heifers
1-2
150
1
Maiden Heifers
2-3
20
Sub Total
170
350
10
340
150
20
-
350
-
-
-
10
-
510
Speyed Females
Heifers
-
Cows
4+
Sub Total
Total Females
STRENGTHS
-
50
25
2
23
50
-
-
-
25
-
2
-
23
1,520
-
350
-
165
-
30
-
1,675
Males
Steers
3
S. Calves & Weaners
0-1
-
2
Steers
1-2
340
280
1
Bullocks
2+
130
120
Sub Total
470
350
-
350
350
-
400
2
3
55
2
2
5
8
-
413
Bulls
Sub Total
Total Males
Herd Total
3
B. Calves & Weaners
0-1
-
2
Young Bulls
1-2
-
1
Joiners
2-3
10
0
Herd Bulls
3+
1
35
2
9
1
32
45
-
-
-
-
2
2
-
41
515
-
350
-
400
4
7
-
454
2,035
-
700
-
565
4
37
2,035
-
700
-
565
4
37
2,129
B/F
Year to Date
2,129
Management Accounting
Types of Costs
•
•
•
•
Variable Costs
Overhead
Finance Costs
Capital
STRENGTHS
Bookkeeping and Accounting
Recording
STRENGTHS
Bookkeeping and Accounting
Reporting
STRENGTHS
Financial Management Measures
Gross Income and Gross Margin
• Gross Income
• Change inSTRENGTHS
Inventory Value
• Variable Costs
• Gross Margin
Financial Management Measures - Other
• Earnings Before Interest &Tax (EBIT)
• Return on Assets (land, cattle etc.)
STRENGTHS
• Net Profit after Tax (NPAT)
• Net Cash Flow Before Financing
• Net Cash Flow After Financing
Business -Summary
Business management will help you reach
your goals:
• Running a sustainable beef business on
your land
• Engaging young people
• Offering properly paid jobs
• Attracting financial assistance