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.
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?
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…
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…
Less than a week after my wife and business partner Rosalie attended a call back after a screening through Breast Screen Australia, we received the diagnosis of early stage breast cancer. As business owners ourselves we know the importance of contingency planning. As part of our insurance reviews with clients, we live and breathe the…
Great Expectations Setting Expectations for your Family Succession Plan By Phillip “Dibbo” Dibben “Five Steps for Succession Success is a collaboration between Kelly Kelly Legal and Financial Services SA” When you are involved in a family farming business, there’s a lot at stake. Managing the day to day general demands of an intergenerational farm can…
Running a family farming business can be stressful. You’re dealing with market fluctuations, pressure to increase productivity, pests and adverse weather conditions, not to mention the general demands of laying the foundations for the next generation. Caught up in the immediate needs of the business, you may find yourself unprepared for unexpected events such as…