You don’t need to wait for the benefit of hindsight when it comes to production planning and farm business profitability …
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?
I can assist you to make production planning and farm profitability decisions easier. I’m an experienced Agri-business advisor with more than 30 years’ of experience, and now I have access to business management software developed specifically for farming businesses.
As an accredited P2PAgri adviser, I can support you and help you better understand your production planning decisions in a time efficient manner. There are many benefits to more effective planning, including:
Paddock based farm business profitability
It can be time consuming and difficult to understand the true cost of production and profitability for each paddock to be able to plan accordingly. We can help you more effectively plan using a true paddock based system which can designate expenses to individual paddocks to identify efficiencies associated with farming inputs and be able to better manage overall cashflow and paddock decisions.
Farm business risk management
Through scenario planning and analysis we can help you ‘field test’ different options without risk or lengthy paddock testing, allowing you to gain an understanding of different production outcomes such as crop rotations, livestock decisions or even implementing new ideas. The software enables options to be plotted out over a five year period and can also outline calculations associated with seasonal impacts.
Your farm business sustainability
Cloud based systems can help you work smarter through efficient data entry applications and improved efficiency, and dedicated farm business software has the added advantage of the ability to identify trends or set benchmarks for your business, so you can really understand your business financials to be able to make better business decisions in line with your long-time goals. The financial information can also easily be shared with accounting and banking professionals for more efficient planning.
How we can help
As an accredited adviser, I am able to offer you substantial savings on the subscription price. If you would like help planning your farm production efficiencies or would like to know more about how P2PAgri software can help you, I encourage you to contact me today on 08 8253 2906 or email info@financialservicessa.com.au to arrange an appointment.
Act now to make the most of your production schedule so that you and your family may enjoy the financial benefits you deserve in 2019 and not be left wondering ‘if only’.
This advice is provided by Phillip Dibben under Financial Services SA rural business consulting services.
Phillip Dibben is an MFAA Approved Credit Adviser, including SMSF lending, and is an Authorised Credit Representative with Riverland Lending Services Pty Ltd, ABN 37 1415 814 080 ACL 391835, and is licensed to provide advice in all consumer and business loans including equipment finance. All loans are subject to lending and approval criteria.
Phillip Dibben is also a financial adviser at Active Financial Management. Active Financial Management and its advisers are Authorised Representatives of Fortnum Private Wealth Pty Ltd ABN 54 139 889 535 AFSL 357306 trading as Fortnum Financial Advisers.
This information does not consider your personal circumstances (including taxation) and is of a general nature only. You should not act on the information provided without first obtaining advice specific to your circumstances.