Tips on balancing family (or your own expectations) with business realities The long-term success of your agribusiness or farm requires you to make smart business and financial decisions every day. Even if you rely on your gut and what feels right, you need to ensure you can back this up with rational, informed data-driven choices. … Continue reading Decide With Your Head, Not Your Heart
DO YOU HAVE A CLEAR VISION FOR YOUR BUSINESS? We’re a month into 2024, the holidays are over and for many of you, work on the farm has probably ramped up. But no matter how busy you are, you need to take some time to set business goals, both for the year ahead and for … Continue reading Set Business Goals for Success
A review of the last year and looking ahead to 2024 As we start the new year, I wanted to begin by looking back at 2023. It was definitely an interesting year, and challenging for many. In this blog, I’ll review industry developments, financial challenges and changes, and share some highlights for myself and my … Continue reading 2023 – Challenges, Innovation & Resilience
TIME TO REVIEW YOUR FARM FINANCE? Find out why you should consider refinancing and when you should wait With multiple interest rate rises this year, you might feel confused about your long-term financing plans. Are you getting the best deal? Should you be fixing your loan? Is it time to consolidate or … Continue reading When You Should Consider Refinancing Your Farm Finance and When You Should Wait
LOAN SERVICEABILITY AND FARM DEBT TRENDS In recent years, we’ve seen significant increases in rural and agribusiness property values. There’s no doubt this is a positive development. But it has also led to some unrealistic borrowing requests. Many people assume the bank will always lend 60-70% of the land’s value. Unfortunately, land value is only … Continue reading Why The Bank is More Interested in your Cash Flow than your Property Value.
ARE YOU GETTING THE BEST DEAL FROM YOUR BANK? The right finance and working capital is necessary for your farm or agribusiness to grow. While the Reserve Bank sets the base rate, knowing how your bank calculates your customer margin will help you pay as little as possible in bank fees and interest. Well-managed businesses … Continue reading Fix Your Rates and you Fix Your Margin
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?
Using your profit drivers to generate more profit Maximising farm profit is one of the key goals for most businesses. But understanding how to do this, and what drives profit, isn’t always clear. Over the next couple of months, I’ll be sharing a series of blogs to help you: Understand your profit and your profit … Continue reading Understanding Your Farm Profit
Make good decisions now to secure your future financial flexibility For many businesses, especially here in South Australia, this season’s harvest is one of the best they’ve seen in years. But as the payments roll in, it’s important not to get too carried away with that healthy bank balance. Making considered decisions now will … Continue reading Reaping The Rewards Of A Good Harvest
Land Status Understand the status of the land you are purchasing. Is it freehold or crown lease? If it is a crown lease, review the terms. Inclusions and Exclusions Confirm with the agent or seller what plant & equipment, livestock, water entitlements and other interests they will include/exclude in the sale. Infrastructure and Equipment Assessment … Continue reading PURCHASING LAND? HAVE YOU DONE YOUR DUE DILIGENCE?…. IT COULD SAVE YOU THOUSANDS.
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