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…
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…
For the younger generation of many family farming businesses, involvement with the farm may mean working without receiving any ‘real’ income. These family members often secure paid employment outside of the family business to enable them to provide for their immediate families in the short term. While working outside of the family business is often…
Running an agricultural business goes hand in hand with fluctuations in production inputs, income and cash flow, little control over market prices and the need to cover expenses in low income years. Many agricultural business owners feel like they are at the mercy of others and the environment, and are unable to make the most…
If you want real financial insights and a drought-proof plan that identifies outcomes and how you can achieve them for your family business, this tip is for you . . . . Dibbo’s financial and agri-business reviews are structured and logical, but unlike some reviews that focus on the past and present, Dibbo takes this…
The Federal Government has announced changes to the Farm Management Deposits (FMD) Scheme, which come into place from 1 July 2016. Key changes include doubling the amount that may be held in FMDs and allowing the use of FMDs as a farm business loan offset. Enhancements to the FMD Scheme include: Doubling the FMD cap…
Melissa Rebbeck’s column in this week’s Stock Journal, looking at the relationship between prior rainfall and follow up rainfall, makes for an interesting read. In it she talks about a program called Australian Rainman which uses long term data from Bureau of Meteorology weather stations to help forecast what rainfall is likely for your area.…