About Mike Krause

Mike Krause, the CEO and founder of P2P Agri, is an agricultural economist with over 30 years of experience. Follow on: Facebook | Twitter | LinkedIn

Water Use Efficiency (WUE) Calculator for Grain Growers: Are You Using Your Rainfall Effectively?

Water Use Efficiency (WUE) has long been a cornerstone measure for grain growers, particularly in dryland farming systems across southern Australia. In an environment where rainfall is often the most limiting and variable factor, understanding how effectively that rainfall is converted into crop production is critical. WUE provides a simple yet powerful way for farmers to assess performance, refine management practices, and ultimately improve productivity over time. The concept of Water Use Efficiency dates back to the early 1980s, when two scientists—Reg French and Jeff Schultz—set out to better understand what constrained grain yields in dryland systems. Their research led [...]

By |2026-02-27T00:51:16+00:00February 27th, 2026|Farm Business Decision Making, Farm Finances|0 Comments

2026 Farm Business Planning: Managing Financial Pressure and Input Costs

Economic Pressures Test Farm Resilience, But Recovery Emerges Australian farmers are navigating one of the most challenging interest rate environments in two decades, yet profitability is staging a remarkable recovery in some parts of Australia. The RBA cash rate has been as high as 4.35%, which was up 0.8% from 3 years earlier. Currently it sits at 3.8%, showing it's volatility. fundamentally reshaping farm business economics. Interest expenses now consume 12% of gross cash income, up from just 8% directly impacting every financing decision from seasonal operations to equipment purchases. Despite this pressure, average broadacre farm profit is forecast to recover to [...]

By |2025-12-11T03:30:02+00:00November 27th, 2025|Farm Business Risk Management, Farm Finances|0 Comments

Economic Outlook for 2023 with Darryl Gobbett

In 2022, farmers experienced significant increases in interest rates, important input costs, particularly fertiliser, chemical and fuel, and changes to their commodity prices. While changes to these important components of the farming business are common, we haven’t experienced these large increases for some time. It’s important to be informed on what changes might be expected in 2023 so that we can be proactive in our planning for the coming season. Darryl Gobbet is an experienced economist with the rare ability to communicate clearly on these complex issues. He will provide you a background to what [...]

By |2023-10-06T00:08:47+00:00January 27th, 2023|Farm Finances|0 Comments

Thinking About Succession Planning with Mike Krause

If you're a young farmer who is currently involved with the family business – or hoping to be in the future - you might be aware that succession planning will play a big part in your future on the farm. It also might be something that you avoid thinking about too much, let alone actively work towards. This is understandable as succession planning can be an uncomfortable topic. It isn't only about business planning - family relationships and emotional connections to the land and the lifestyle are also major factors. As the younger generation, it can be easy to assume [...]

Rural Banking – Beyond the Royal Commission

I just wanted to share some observations on rural banking since the Banking Royal Commission has been completed. These observations come from both farmers and advisers that have been using the farm business software P2PAgri to help sharpen their farm business performance and improve the information they provide to their bank. Can you really negotiate low interest rates in rural banking? Interest rates are now at an historic low level with the Reserve Bank of Australia (RBA) decreasing interest rates twice in the last few months. See this in the Graph 1 below. This combined recent interest [...]

By |2025-05-15T01:16:28+00:00August 14th, 2019|Farm Business Decision Making, Farm Finances|0 Comments
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