Financial, productivity and socio-managerial characteristics of broadacre farms in Western Australia: A decadal assessment.

Ten years of financial and production data supplied by farm consultants were examined concomitantly with a range of socio­-managerial information for 270 Western Australian broadacre farmers and their families. Farms were grouped based on financial performance, type of farming system or location. The productivity, key socio-managerial characteristics and financial metrics of these groupings were compared to identify what made some farms more commercially successful than others.
Farms classed as growing buslne es generated profits each year, even In the bad years, and reinvested those profits Into the farm business. They did this througl best practice use of tochnologyand superior management.