There is no doubt that drought has affected us all, in one way or another – personally and financially.
For farming businesses, access to finance is an important aspect of recovering from drought and planning for long-term business sustainability. And while there are several drought support initiatives available for farming businesses and families, the application and approval processes can be onerous and time consuming.
Wouldn’t it be nice to see the future… not just to get a head start on the coming seasons but to be ready and able to tackle any situation that gets thrown at your business.
While I don’t have a crystal ball, I can help you develop a resilient farming business that is able to manage through and recover from a crisis.
Farmers are now faced with extraordinarily long lead times for securing finance, more formal annual review processes for renewals and additional scrutiny and documentation requirements. Without the finance you need, you could miss out on business opportunities. Find out what you can do to stay ahead of the game.
Farm production planning comes with significant stress in terms of maintaining farm business sustainability and achieving profitability, and the fact is, a poor decision can have significant impact on your bottom line for years to come.
What if you could make more informed decisions about production efficiencies and understand the financial impact of different production or planting/stock options before you made decisions – would it help you to achieve better outcomes this year?
One thing that is certain for a farming business is that nothing is certain! When your income depends on factors out of your control, debt becomes a part of life that enables you to fund working capital or expand your business. But when it comes to securing agricultural finance, it’s not so straight forward and…
By Phillip “Dibbo” Dibben “I didn’t think I’d be able to let go, but I have actually enjoyed seeing my kids starting to take over. As we have all worked on the succession plan together, we all agree about the changes we are implementing for the future benefit of everyone. I feel proud that our…
What’s fair is not always equal Strategise By Phillip “Dibbo” Dibben “Five Steps for Succession Success is a collaboration between Kelly Kelly Legal and Financial Services SA.” “We want to be fair when planning our legacy. We have an idea of the big picture and longer-term plans for the family business, and we want to…
With multiple demands on limited resources, managing personal and business finances for farming families is always a balancing act. When you have debt or equipment that needs to be replaced, how do you prioritise putting any excess funds away into super? But if you want to have a tax free efficient income in retirement, you…
Walk a mile in their shoes Identifying everyone’s needs and concerns By Phillip “Dibbo” Dibben “Five Steps for Succession Success is a collaboration between Kelly Kelly Legal and Financial Services SA” “We knew we needed to have some frank discussions but we didn’t know how to engage with the whole family and manage the process…
Taking a Structured approach to Succession Planning By Phillip “Dibbo” Dibben “Five Steps for Succession Success is a collaboration between Kelly Kelly Legal and Financial Services SA” “I feel we have nothing to show for all our years of hard work. The farm will most likely be left to our kids, and while we want…