Farmers are being urged to take ownership of the red meat industry reform process.
Last month's ANZ Agri Focus report centred on the red meat sector strategy which aimed at improving the sector's viability and increasing its earnings from $8 billion to $14 billion by 2025.
The two main areas that needed to be acted on by farmers "right now" were the application of best practice farm management, followed by the resolution of the inefficient procurement model, the article said.
The potential gains were $80,000 per annum per farm, or $20 per stock unit, if "Joe Average" matched the performance of the top 20% of farmers.
Action could be taken on those now by applying the knowledge, technology and business systems being used by top-performing farmers across the sector. For the second issue, there were "certainly no easy answers".
"All in all, farmers have the final say in implementing and ensuring the success of many of the proposed initiatives. Farmers need to exercise their voting rights either way - not through apathy though."
Farmers would be the main beneficiaries of change and, arguably, the most important element to realising change, it said.
Whether they would consider change, and how they might go about considering and implementing some of the report's suggestions, would be interesting, the article said.
The key challenge was to galvanise farmers into action.