Right now, many farmers across South Australia are feeling the pressure. You’re coming out of a tough season, facing high input costs, or trying to work out how to keep cash flow steady between harvests.
For broadacre, grazing, and pastoral businesses, the challenge is always managing lumpy cash flow. Unlike steady, recurring revenue streams, your farm’s income often comes in big bursts tied to key moments in the year. Preparing for these critical periods is essential, as your farm’s financial health and long-term success depend on getting your ducks in…
Succession planning is crucial for farming families, as it safeguards both the family’s well-being and the future of the farm. Ideally, this planning should start early, setting the stage for a seamless transition of management and ownership. But let’s be honest—the daily grind of running a farm can push these plans to the back burner.…
Running a successful business requires more than just hands-on labour; it demands strategic planning and sharp management. One effective yet often overlooked tool to manage these complexities is an advisory board. Picture having a team of trusted advisors to offer guidance and insights, helping steer your business in the right direction.. An advisory board can…
As the new financial year begins, it’s the perfect time to set fresh goals and map out a plan for achieving them. Whether you are managing a farm, a business, or your personal finances, setting clear, actionable goals is essential for success. Drawing from the insights and methodologies in my upcoming book, let’s explore the…
Geez Louise the weather events at the end of last year made it tough. Apart from indulging in a few choice expletives to vent, there was nothing more anyone could do other than put it behind them and move on. This involves clarifying priorities and planning to make more of what you’ve got for maximising…
Over the past 40 years, I’ve been working with rural families as they pass their farming business from one generation to the next. While there have always been some challenges, these days succession has become considerably more complicated mainly due to changing family dynamics, new technology, advancing farming practices and the need for what can…
For farming families, managing debt and regularly reviewing your lender’s terms in context of your needs now and in the coming years, is an administrative task no one is in a hurry to tackle. Debt can work for or against you. To avoid the latter, it’s important to plan and prepare your brief for lenders…
You may recall, I recently wrote about the importance of community service and the role businesses have in supporting important events that make life better for all of us. Businesses including farm businesses, are the life blood of rural communities and it’s important for us to support them, and for business owners to take good…
Community service is important – full stop. While the whole point of community service is to create positive outcomes for the greater good, in my experience what you put in is returned ten-fold in terms of personal satisfaction and lifelong friendships. This article is a shout out to those who proactively contribute to Jamestown and…