Business of rice growing
Each season, growers make decisions around what crops to grow, the area of each crop, how much water is required and how much the water costs. Understanding how to calculate the price of water, crop gross margins and sensitivity analysis to determine risk are essential form a king the best decision for your business.
Each rice farming business is different. They vary in size, enterprise mix, location, structure, resource availability, equity and capital. Therefore, it is important that you understand your own numbers.
From the 2016-17 Rice Growing Guide, NSW Department of Primary Industries,