“Using Plan to Profit, we were able to input all the variables, such as expected rainfall, grain prices and leasing costs and come up with the worst-case and best-case scenarios – and it really paid off for us.”
“A few years back, we were considering buying more land and as part of my risk management, I wanted to be sure our farm business could manage this extra commitment over time. Using Scenario Analysis, Mike Krause helped us check the worst-case scenario of two droughts occurring which confirmed that we would survive financially, so we bought the land. We did actually end up with drought over the next two seasons, but I never lost sleep because I knew we’d get through it financially. After 5 years, we ended up financially fairly close to the predicted end position given the 2 dry years. The analysis was well worth doing.”
“I recently used P2PAgri for a client seeking to borrow $1m to buy additional land. The bank was so impressed with the detailed financial projections, they offered them a 0.5% interest rate reduction. Using P2PAgri helped save my client $15,000 per year in interest.”
“P2PAgri is like a flight simulator for farmers. Its farm business modelling capacity in the cloud provides a powerful decision-making tool to help farmers and their advisers test business decisions for maximising farm business profitability.”
Meet Mike Krause
P2PAgri is an exciting new on-line development that has evolved from the successful desktop software ‘Plan to Profit’ developed by Mike Krause over the last 12 years. Mike is one of Australia’s leading Farm Business Management consultants. His significant experience in providing farm business management support, training and consulting to Australia’s agricultural and agri-business industries forms the basis of this new development. Helping farmers improve their farm business profitability has been Mike’s mission throughout his career.
The Farming the Business manual Mike developed for GRDC has become a new standard in helping farmers improve farm business profitability. It is used not only by many individual farmers and advisers across Australia but also by many highly recognised farm business courses such as at Melbourne University, Victoria and Curtain University, WA.