Navigating on-farm risk and reward

Nitrogen - achieve your yield potential

Welcome to the fifth and final episode in this 5-part series all about helping farmers navigate on-farm risk and reward. It’s been developed as part of a 5-year national project called RiskWi$e, funded by GRDC and led by CSIRO. The whole point of this project is to understand and improve the risk and reward outcomes for Aussie grain growers by supporting on-farm decision-making, so throughout this series, we’re going chat to some experts who will help you do just that. As individuals, we all have a different approach to managing risk, and our guests do too, so listen for the content that both resonates with you, and challenges you because ultimately, we want to help you get it more right, more often. In today’s episode, we chat with Rebekah Allen, who leads the Central SA ARG arm of the RiskWi$e project. She is also research & extension manager at the Hart Field-Site Group. This discussion is all about one of a grain grower’s most important risky decisions - nitrogen application.   In our discussion, Bek shares a bit about field trials associated with the RiskWi$e project, including some N-bank work. She’s done some research into how Mid North farmers currently make nitrogen decisions – no surprise there’s quite a range – and then explains how a profit by deciles approach has been applied at Hart in the last two years when making nitrogen decisions. Here are some handy resources: RISK MANAGEMENT TOOLS - CROPPING Hart Beat newsletters https://www.hartfieldsite.org.au/pages/resources/hart-beat-newsletters.php [https://www.hartfieldsite.org.au/pages/resources/hart-beat-newsletters.php] In particular, Bek recommends you look at how we’ve used a real life nitrogen application decision making example in Hart Beat #66 (July 30, 2024). We’ve stepped out the process from page 4. https://www.hartfieldsite.org.au/media/2024%20HART%20BEAT/HART_BEAT_66_-_July_30_2024.pdf.pdf [https://www.hartfieldsite.org.au/media/2024%20HART%20BEAT/HART_BEAT_66_-_July_30_2024.pdf.pdf] WEBSITES Yield Prophet https://yieldprophet.com.au/yp/Home.aspxhttps://www.yieldprophet.com.au/yplite/ [https://yieldprophet.com.au/yp/Home.aspx] Using a profit by deciles approach https://research.csiro.au/riskwise/fast-graphs-for-slow-thinking/ [https://research.csiro.au/riskwise/fast-graphs-for-slow-thinking/] This podcast is brought to you by the Central SA Action Research Group arm of RiskWi$e; the Hart Field-Site Group (lead), Mid North High Rainfall Zone, Upper North Farming Systems, Northern Sustainable Soils and Murray Plains Farmers. https://www.hartfieldsite.org.au/ https://www.mnhrz.com.au/ [https://www.mnhrz.com.au/] https://unfs.com.au/ [https://unfs.com.au/] https://www.facebook.com/NorthernSustainableSoils [https://www.facebook.com/NorthernSustainableSoils] https://murrayplainsfarmers.com.au/ [https://murrayplainsfarmers.com.au/] Hosted by: Annabelle Homer; Voice it & Sandy Kimber; Hart Field-Site Group https://voiceit.me/ [https://voiceit.me/] Produced by: Annabelle Homer; Voice it https://voiceit.me/ [https://voiceit.me/] Artwork by: Sandy Kimber   The RiskWi$e project is ongoing and there is an amazing catalogue of resources available to farmers. Use these links: https://research.csiro.au/riskwise/ [https://research.csiro.au/riskwise/] https://www.uwacaed.org/behaviouralscience [https://www.uwacaed.org/behaviouralscience]

Climate risk - the tools at your disposal

Welcome to the fourth podcast in this 5-part series all about helping farmers navigate on-farm risk and reward. It’s been developed as part of a 5-year national project called RiskWi$e, funded by GRDC and led by CSIRO. The whole point of this project is to understand and improve the risk and reward outcomes for Aussie grain growers bysupporting on-farm decision-making, so throughout this series, we’re going chat to some experts who will help you do just that. As individuals, we all have a different approach to managing risk, and our guests do too, so listen for the content that both resonates with you, and challenges you because ultimately, we want to help you get it more right, more often. In today’s episode, we chat with climate scientist and associate professor at the University of Adelaide, Peter Hayman. We talk with Peter about the differences between short and long-term forecasts and their accuracy or reliability. It’s a great way to start the conversation. We then move on to theuse of historical data, both temperature and rainfall, and its usefulness. We touch on climate change, and then chat about how farmers can use all this information to improve risky, on-farm decision making. Here are some handy resources: RISK MANAGEMENT TOOL - CROPPINGUsing a profit by deciles approach https://research.csiro.au/riskwise/fast-graphs-for-slow-thinking/ [https://research.csiro.au/riskwise/fast-graphs-for-slow-thinking/] WEBSITES MyClimate Viewhttps://myclimateview.com.au/ [https://myclimateview.com.au/] BoM Climate Outlookshttp://www.bom.gov.au/climate/outlooks/#/overview/summary [http://www.bom.gov.au/climate/outlooks/#/overview/summary] Yield Prophethttps://yieldprophet.com.au/yp/Home.aspx [https://yieldprophet.com.au/yp/Home.aspx]https://www.yieldprophet.com.au/yplite/ [https://www.yieldprophet.com.au/yplite/]   This podcast is brought to you by the Central SA Action Research Group arm of RiskWi$e; the Hart Field-Site Group(lead), Mid North High Rainfall Zone, Upper North Farming Systems, Northern Sustainable Soils and Murray Plains Farmers. https://www.hartfieldsite.org.au/ [https://www.hartfieldsite.org.au/] https://www.mnhrz.com.au/ [https://www.mnhrz.com.au/] https://unfs.com.au/ [https://unfs.com.au/] https://www.facebook.com/NorthernSustainableSoils [https://www.facebook.com/NorthernSustainableSoils] https://murrayplainsfarmers.com.au/ [https://murrayplainsfarmers.com.au/] Hosted by: Sandy Kimber; Hart Field-Site Group & Annabelle Homer; VoiceIthttps://voiceit.me/ [https://voiceit.me/] Produced by: Annabelle Homer; VoiceIthttps://voiceit.me/ [https://voiceit.me/] Artwork by: Sandy Kimber The RiskWi$e project is ongoing and there is an amazing catalogue of resources available to farmers. Use these links: https://research.csiro.au/riskwise/ [https://research.csiro.au/riskwise/]https://www.uwacaed.org/behaviouralscience [https://www.uwacaed.org/behaviouralscience]

Smart strategies for big risky decisions

Welcome to the third podcast in this 5-part series all about helping farmers navigate on-farm risk and reward. It’s been developed as part of a 5-year national project called RiskWi$e, funded by GRDC and led by CSIRO. The whole point of this project is to understand and improve the risk and reward outcomes for Aussie grain growers bysupporting on-farm decision-making, so throughout this series, we’re going chat to some experts who will help you do just that. As individuals, we all have a different approach to managing risk, and our guests do too, so listen for the content that both resonates with you, and challenges you because ultimately, we want to help you get it more right, more often. In today’s episode, we chat with farm business coach, HR consultant and farm business strategist, Danielle LanninEngland about smart strategies for big risky decisions. Dani builds on some of the concepts we’ve discussed in the first two episode with Barry Mudge and Kate Burke. Shesteps out a process for making big decisions, helps define what we can and can’t control or have influence over, provides some handy rules of thumb, and has three really clear ‘top tips’ at the end. Here are some handy resources: BOOKLET (GRDC) Farm decision making; the interactionof personality, farm business and risk to make more informed decisions Authors: Cam Nicholson (Nicon Rural Services), Jeanette Long (Ag ConsultingCo), Danielle England (Aginnovate), Bill Long (Ag Consulting Co), Zoe Creelman(Southern Farming Systems), Barry Mudge (Barry Mudge Consulting), David Cornish(Cornish Consulting) https://grdc.com.au/__data/assets/pdf_file/0032/436847/FarmDecisionMaking_128pp_2006_lowres.pdf [https://grdc.com.au/__data/assets/pdf_file/0032/436847/FarmDecisionMaking_128pp_2006_lowres.pdf] This podcast is brought to you by the Central SA Action Research Group arm of RiskWi$e; the Hart Field-Site Group(lead), Mid North High Rainfall Zone, Upper North Farming Systems, Northern Sustainable Soils and Murray Plains Farmers. https://www.hartfieldsite.org.au/ [https://www.hartfieldsite.org.au/] https://www.mnhrz.com.au/ [https://www.mnhrz.com.au/] https://unfs.com.au/ [https://unfs.com.au/] https://www.facebook.com/NorthernSustainableSoils [https://www.facebook.com/NorthernSustainableSoils] https://murrayplainsfarmers.com.au/ [https://murrayplainsfarmers.com.au/] Hosted by: Sandy Kimber; HartField-Site Group & Annabelle Homer; VoiceIt https://voiceit.me/ [https://voiceit.me/]

Managing risk & reward is personal

Welcome to the second podcast in this 5-part series all about helping farmers navigate on-farm risk and reward. It’s been developed as part of a 5-year national project called RiskWi$e, funded by GRDC and led by CSIRO. The whole point of this project is to understand and improve the risk and reward outcomes for Aussie grain growers by supporting on-farm decision-making, so throughout this series, we’re going chat to some experts who will help you do just that. As individuals, we all have a different approach to managing risk, and our guests do too, so listen for the content that both resonates with you, and challenges you because ultimately, we want to help you get it more right, more often. In today’s episode, we chat with agri strategist, educator, speaker and author, Dr Kate Burke, about the ‘personal’ side of managing risk. We talk about decision making influences like stress, recency bias, comparison-itis, stage of life and so much more. She even talks about the joy of risk and lots more. Here are some handy resources: PODCAST Re:Thinking with Adam Grant Why aiming for the best isn’t always good for you, with Barry Schwartz and Coco Krumme https://open.spotify.com/episode/1XSEi6zqM72wBe7HJ0ldfW [https://open.spotify.com/episode/1XSEi6zqM72wBe7HJ0ldfW] https://www.ted.com/podcasts/rethinking-with-adam-grant/why-aiming-for-the-best-isn-t-always-good-for-you-transcript [https://www.ted.com/podcasts/rethinking-with-adam-grant/why-aiming-for-the-best-isn-t-always-good-for-you-transcript] (Kate mentions this when talking about ‘sacrificing’.) This podcast is brought to you by the Central SA Action Research Group arm of RiskWi$e; the Hart Field-Site Group (lead), Mid North High Rainfall Zone, Upper North Farming Systems, Northern Sustainable Soils and Murray Plains Farmers. https://www.hartfieldsite.org.au/ [https://www.hartfieldsite.org.au/] https://www.mnhrz.com.au/ [https://www.mnhrz.com.au/] https://unfs.com.au/ [https://unfs.com.au/] https://www.facebook.com/NorthernSustainableSoils [https://www.facebook.com/NorthernSustainableSoils] https://murrayplainsfarmers.com.au/ [https://murrayplainsfarmers.com.au/] Hosted by: Sandy Kimber; Hart Field-Site Group & Annabelle Homer; Voice It Produced by: Annabelle Homer; Voice It https://voiceit.me/ [https://voiceit.me/] Artwork by: Sandy Kimber The RiskWi$e project is ongoing and there is an amazing catalogue of resources available to farmers. Use these links: https://research.csiro.au/riskwise/ [https://research.csiro.au/riskwise/] https://www.uwacaed.org/behaviouralscience [https://www.uwacaed.org/behaviouralscience ]

On-farm risk & reward - understanding the basics

Welcome to the first podcast in this 5-part series all about helping farmers navigate on-farm risk and reward. It’s been developed as part of a 5-year national project called RiskWi$e, funded by GRDC and led by CSIRO. The whole point of this project is to understand and improve the risk and reward outcomes for Aussie grain growers by supporting on-farm decision-making, so throughout this series, we’re going chat to some experts who will help you do just that. As individuals, we all have a different approach to managing risk, and our guests do too, so listen for the content that both resonates with you, and challenges you because ultimately, we want to help you get it more right, more often. In today’s episode, we chat with farmer and consultant, Barry Mudge, about understanding the basics of on-farm risk and reward. We define on-farm risk, before moving on to managing the uncertainty and variability in farming. We also talk about mind tricks, decision review, avoiding clangers and lots more. Here are some handy resources: BOOKS Thinking in bets: making smarter decisions when you don't have all the facts, by Annie Duke https://www.amazon.com.au/Thinking-Bets-Annie-Duke/dp/0735216371 [https://www.amazon.com.au/Thinking-Bets-Annie-Duke/dp/0735216371] How to decide: simple tools for making better choices, by Annie Duke https://www.amazon.com.au/How-Decide-Simple-Making-Choices/dp/0593418484 [https://www.amazon.com.au/How-Decide-Simple-Making-Choices/dp/0593418484] Thinking, fast and slow, by Daniel Kahneman https://www.amazon.com.au/Thinking-Fast-Slow-Daniel-Kahneman/dp/0374533555 [https://www.amazon.com.au/Thinking-Fast-Slow-Daniel-Kahneman/dp/0374533555] Noise: a flaw in human judgment, by Daniel Kahneman https://www.amazon.com.au/Noise-Human-Judgment-Daniel-Kahneman/dp/0316451401 [https://www.amazon.com.au/Noise-Human-Judgment-Daniel-Kahneman/dp/0316451401] Principles for dealing with the changing world order, by Ray Dalio https://www.principles.com/ [https://www.principles.com/] BOOKLET (GRDC) Farm decision making; the interaction of personality, farm business and risk to make more informed decisions Authors: Cam Nicholson (Nicon Rural Services), Jeanette Long (Ag Consulting Co), Danielle England (Aginnovate), Bill Long (Ag Consulting Co), Zoe Creelman (Southern Farming Systems), Barry Mudge (Barry Mudge Consulting), David Cornish (Cornish Consulting) https://grdc.com.au/__data/assets/pdf_file/0032/436847/FarmDecisionMaking_128pp_2006_lowres.pdf [https://grdc.com.au/__data/assets/pdf_file/0032/436847/FarmDecisionMaking_128pp_2006_lowres.pdf] YOUTUBE VIDEO (Murray Local Land Services) Decision Making Frameworks with Cam Nicholson https://www.youtube.com/watch?v=RVaW3lb1aOw [https://www.youtube.com/watch?v=RVaW3lb1aOw] This podcast is brought to you by the Central SA Action Research Group arm of RiskWi$e; the Hart Field-Site Group (lead), Mid North High Rainfall Zone, Upper North Farming Systems, Northern Sustainable Soils and Murray Plains Farmers. https://www.hartfieldsite.org.au/ [https://www.hartfieldsite.org.au/] https://www.mnhrz.com.au/ [https://www.mnhrz.com.au/] https://unfs.com.au/ [https://unfs.com.au/] https://www.facebook.com/NorthernSustainableSoils [https://www.facebook.com/NorthernSustainableSoils] https://murrayplainsfarmers.com.au/ [https://murrayplainsfarmers.com.au/] Hosted by: Sandy Kimber; Hart Field-Site Group & Annabelle Homer; Voice It https://voiceit.me/ [https://voiceit.me/] Produced by: Annabelle Homer; Voice It https://voiceit.me/ [https://voiceit.me/] Artwork by: Sandy Kimber The RiskWi$e project is ongoing and there is an amazing catalogue of resources available to farmers. Use these links: https://research.csiro.au/riskwise/ [https://research.csiro.au/riskwise/] https://www.uwacaed.org/behaviouralscience [https://www.uwacaed.org/behaviouralscience]