Page 1 Page 2 Page 3 Page 4 Page 5 Page 6 Page 7 Page 8 Page 9 Page 10 Page 11 Page 12 Page 13 Page 14 Page 15 Page 16 Page 17 Page 18 Page 19 Page 20 Page 21 Page 22 Page 23 Page 24 Page 25 Page 26 Page 27 Page 28 Page 29 Page 30 Page 31 Page 32 Page 33 Page 34 Page 35 Page 36 Page 37 Page 38 Page 39 Page 40 Page 41 Page 42 Page 43 Page 4434 IREC Farmers' Newsletter No. 197 — Autumn 2017 IMPROVE THE BUSINESS OF RICE GROWING WITH RICE$CENARIO Rice$cenario is a decision support tool that will assist irrigators to enhance the productivity and economic sustainability of their irrigated farming businesses. l  Rice$cenario is a simple, user-friendly, web- based decision support tool designed to assist irrigators analyse water costs within the farming business. l  To assist irrigators with water budgeting, the tool uses an average purchased water cost to guide decisions for water use across enterprises and it calculates the fixed and variable water charges for predicted or known allocation. l  Users of Rice$cenario have reported a greater understanding of their water costs, resulting in increased confidence to make a decision on growing a crop using allocated water only, selling water, or purchasing additional water to maximise business profit. A new web-based tool will help irrigators understand irrigation needs and costs and gross margins, so that they can determine the most productive use of water in their farming business. Leah Garnett, Gae Plunkett and Troy Mauger Rice Extension EACH season, irrigators 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 steps for making the best decision to improve the business. Every rice farming business is different. They vary in size, enterprise mix, location, structure, resource availability, equity and capital. Therefore, it is important that each grower understands their own numbers. Rice$cenario is a web-based tool that can be used to enter individual data for guidance in making water purchase, crop mix and risk management decisions. QUICK TAKE