Meat & Livestock Australia has released the schedule for its early 2020 Business Edge workshops.
The edge network programs provide practical learning opportunities to help producers gain knowledge and skills to improve their livestock enterprises, and have been developed by industry specialists and tested by producers Australia-wide to guarantee their quality and relevance.
"The more financially literate you are, the more effective your decision making is likely to be," she said.
Mr Scott said it's necessary to take emotion out of the equation.
"Emotion clouds objectivity, so you need to separate lifestyle factors from the business and also question 'accepted wisdom' associated with traditional farming practices," he said.
The Scotts said they used the tools learnt to make an objective cost-benefit analysis on if they should cut drought-affected crops for hay or take them through to harvest and maintain ground cover.
"We decided to let the crops run through to grain because the figures worked better," Mr Scott said.
"Decisions like these have an impact on profitability, so you need to make the time to think them through."
Starting in February the Business Edge course will be offered at the following locations
For details on the programs and the Edge Network, click here.