Dear Mastermind Member,

Our first coaching tele-conference Question & Answer call will be next Tuesday 28th August 2007 at 8pm.

It will run for approximately one hour.

This will be a great opportunity for you to ask questions and bounce ideas around in a group format.

It would be good if you could email in some questions before the call so we don't the waste time available.

Don't forget tonight's call with Gary Dick - GM/Market Operations - AuctionsPlus Livestock - 8.00 pm Sydney Time.

To participate in the call go to http://www.klrmarketing.com.au/index.cfm?page_id=1092 – Log in as a member.

We will be taking a tour of the Auctions Plus website so it may be easier to phone in and have your computer on for the tour.

Selling Grass to someone else.

We have had some people comparing  trading stock as opposed to selling their grass to someone else as agistment.

One trap that is easy to fall into is forgetting to subtract our overheads from the agistment rate that we are getting.

Remember if we have used the spreadsheet to examine a trade, the profit, is after we have accounted for our overheads as well, in the maintenance section of the sheet.

Go to: http://www.klrmarketing.com.au/index.cfm?page_id=1014
select Dynamic Calculators and fill in the work sheet No. 5 to convert your overheads to agistment.

Subtract this figure from the agistment rate you are being offered (by the person wishing to buy your grass) and this will give you a profit figure to compare to the livestock trade alternative.

Cheers Rod