MANAGING FARM COSTS COULD BE THE KEY Over the last couple of months, I’ve shared blogs about understanding your farm profit and profit drivers and managing price and production to drive profit. In this blog, we’re going to look at managing farm costs to drive profits. Successful businesses are those that have a strong understanding … Continue reading Are You Still Trying to Build a Profitable Business?
Managing price and production to drive profit. In last month’s blog, we covered some of the key elements to help you understand your farm profit. In this blog, we’re looking at the first 2 profit drivers – price and production. You already know that maximising profit is a key goal for your business. There’s a … Continue reading Do You Know What Drives Profit in Your Business?
Securing the future for you, your farm and your family ‘Nothing is as certain as death and taxes. We’ve all heard variations of the quote, often attributed to Benjamin Franklin. Given the certainty of death, succession planning is an issue all farming families must deal with. It’s an emotionally charged issue, but one that doesn’t … Continue reading Succession planning, the family farm and the bank
With all the news about interest rates at the moment, you're probably wondering how banks set their interest rates? In this blog, I'll explain the key terms and numbers to help you understand why interest rates change. Understanding the numbers The 2 most important numbers are the: Official Cash Rate - set by the Reserve … Continue reading HOW BANKS SET THEIR INTEREST RATES
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