What is the Enterprise Action Plan?

The Enterprise Action Plan (EAP) is a planning tool which may assist primary production enterprises. It is available to Rural Financial Counselling Service clients and delivered by skilled rural financial counsellors.

The EAP provides a farm business assessment and action plan which allows clients to:

• review their financial position
• develop cash flow budgets and projections
• analyse the financial and business performance of their farm enterprise
• benchmark their farm enterprise against standard farm business financial and operating ratios
• develop strategies and options that are appropriate to their farm enterprise’s business structure
• plan to manage risk, including climate risk
• identify where they might need to obtain professional advice and other government assistance.

The EAP assists Rural Financial Counselling Service clients to gain an improved understanding of their circumstances by reviewing their current financial situation and working through their available options.

Just over 50 per cent of all RFCS Program clients are now on an EAP.

Contributed by Maryann Weston (Office of Rural Financial Counselling)