Visibility underpins everything
Mr Peart said the first real step wasn’t changing the land but understanding the business itself.
“Nobody particularly liked the bookkeeping, but once we computerised the accounts, we could actually see what was making money and what wasn’t, and that got the ball rolling,” he said.
“That visibility underpins everything – know where the cash is, know your cost of production, know your environmental position. You need that foundation before you move forward.
“You also need a clear vision or goal to move toward, of how you want your land, business, people, animals and environment to be. This clarity helps guide decision making - does it bring you closer to that vision or further away.”
Mr Peart’s experience reflects one of the central findings of the inaugural Farms in Focus report a survey of hundreds of Australian farmers conducted by Harvard University and the Commonwealth Bank. The report shows that farmers are increasingly turning to new land and business practices as they seek to improve the long-term financial resilience of their farms.
The Pearts’ transition to a new system wasn’t straightforward and often meant pushing against established practice.
“New ideas are great until someone actually has to implement them, then people are not so sure,” said Mr Peart.
“It was a bit of a lonely journey at times but there are good educators and like mindeds out there. We did a lot of our own research, monitoring what we were doing and working it out as we went.”
Over time, the Pearts moved from set-stocking to a rotational grazing system, fundamentally redesigning how the property operates.
“We went from about 10 paddocks to more than 70, and put in a significant water system to support that,” Mr Peart said.
“Rotational grazing is really about planning grazing and monitoring for full recovery – deciding what you’ll do, doing it, and then seeing what actually happened."
Almost half of graziers surveyed for Farms in Focus (46 per cent) have fully or partially adopted rotational grazing, with a further 47 per cent planning to adopt it.