Succession planning is critical for protecting the needs of your family and the farming business. If something goes wrong, you need to be able to make decisions that affect your future quickly. In an ideal world, the earlier you start succession planning for your family farming business, the better. In reality, the day-to-day operations of…
Dealing with competing priorities to be June 30 ready What a beautiful rain our area has had, I’m hoping that everyone got most of what they wanted. It could be said that the rain came just when the forecasters predicted it – they did say a wet autumn followed by a wet winter. Many of…
Staying Focused on the Big Goals even if they are borrowed I have just finished reading Charley Gilkey’s, Start Finishing for the second time after first reading this book 3 or 4 years ago. It’s about how to go from Idea to Done. I found myself building bits and pieces of his methodology into my…
Risk management is important and it needs to be part of your farming business planning. If you were unable to work in your business, due to an illness or as a result of a farming accident, the question is: Would you be able to manage your everyday living expenses or maintain your business operations? We…
Planning and taking control of how you live during the later years of your life should be among your most important personal and financial priorities. Whether your preference is to remain living at home or moving into an aged care residential facility, it’s vital to plan ahead and take into account your values, what you…
As most of our clients know, Dibbo uses the power of P2PAgri software to underpin the management and financial analyses behind our reports. Tune in to “Your Farm Business Podcast” to hear P2P’s developer, Mike Krause, as he interviews Dibbo around how this works in episode 6 – Farm business info: Easier & more powerful.…
An obvious advantage of drought loan funding is access to concessional interest rates for ten years, but a drought loan could also enable you to implement a ‘once-in-a-lifetime’ intergenerational project. Drought loan success in action Seeking our help in completing a drought loan application has resulted in development of an innovative approach with long-term benefits…
What started out six years ago as a monthly get together, held over lunch at the pub or breakfast in the office, has now morphed into a valuable fellowship for more than 20 people. What we have learnt along the way is a lot different from what we expected, and so much more valuable.
One thing is certain… circumstances will change. Running a rural or agricultural business often means that family, business and personal matters are closely intertwined, and as the business transitions from one generation to the next, change is inevitable. Things won’t always go smoothly, and change can increase the likelihood of conflict, but don’t let it…
Access to funding or drought support for amounts up to $2 million with a loan term of 10 years at 1.77% variable interest rate can be beneficial, if not critical, for farming business. However, many farmers are put off by the onerous application processes… but a little bit of help can make an enormous difference.…