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A grower can make a well-considered decision and still get a poor result. Equally, a risky decision can pay off through sheer luck. So how do we get better at making decisions when the outcome is never guaranteed?
Scott Glyde explored this question at October's Hub Partner Update, sharing insights from the Slow Thinking Frameworks program being led by Riverine Plains and Holbrook Landcare Network. It’s research that is part of RiskWi$e, GRDC’s national risk management initiative with CSIRO that’s improving risk-reward outcomes for grain growers by supporting on-farm decision-making.
Scott explained how 'fast thinking' relies on instinct, habit and past experience, while 'slow thinking' encourages us to examine assumptions, weigh up risks and consider alternatives, particularly when decisions are complex or consequential.
Findings from related national research involving around 1,000 participants revealed a gap between the importance growers place on decision-making skills and their confidence in using them. Understanding financial risk, recognising personal biases and applying analytical tools were among the key areas identified.
The project is now exploring practical tools, including checklists and reflection frameworks, to help growers navigate difficult decisions without becoming overwhelmed by them.
The aim isn't to slow every decision down, but to help growers recognise when a more deliberate approach could improve their confidence, manage risk and strengthen long-term business resilience.
Southern NSW Innovation Hub is the NSW Action Research Group lead for RiskWi$e. The "Slow Thinking Frameworks" initiative is a collaborative research program from Holbrook Landcare Network and Riverine Plains under the RiskWi$e banner.
