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
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
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
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.
Are you being rewarded – or charged – by your bank? When was the last time you changed banks? This year? Last year? Five years ago? More? According to anecdotal evidence, about one in two Australian banking customers are still with the first bank they ever joined. And from my experience in the agricultural industry, … Continue reading BANK LOYALTY – IS IT COSTING YOU?
My clients were sceptical about achieving interest savings whilst the rates were going up. I'll admit, it's tricky when banks are increasing rates at different times. That why it's important you know what stage the bank is at with setting their rates. Have they factored in the most recent RBA increase or are they still … Continue reading Client Success Story – YP Grain Growers – $3 million
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