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

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
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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 [...]

By |2022-12-01T04:19:13+00:00August 25th, 2022|Farm Business Risk Management, Farm Business Succession Planning|0 Comments
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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 [...]

By |2022-11-28T01:33:52+00:00August 14th, 2019|Farm Business Decision Making, Farm Finances|0 Comments
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Expand your farm business or invest off-farm? Compare for profitability

There is no substitute for undertaking a professional approach to farm business analysis. There are positive options when deciding whether to expand your farm business through land purchase, land leasing and share farming, or instead investing off-farm. The key is, however, to undertake the correct analysis so the whole farm performance of liquidity, efficiency and wealth is understood. This will ensure sound decision making and improved risk management. Good, sound farm business analysis isn’t always easy, but it can be done using improved analytic technology, and is worth doing. Do this for yourself or use a professional farm business management [...]

By |2022-11-28T01:31:46+00:00July 17th, 2019|Farm Business Decision Making, Farm Business Risk Management|0 Comments
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Securing Farm Finance: What the Banking Royal Commission Means for You

Now is the time to sharpen your farm business tools for securing farm finance as credit may be more difficult to access as a result of the Banking Royal Commission. With the dust beginning to settle on the Banking Royal Commission report, now is the time for farm businesses to be proactive! Just like seasons have their cycles, the finance industry has its cycles and we could be heading into a ‘finance drought’. In other words, credit may be harder to get! To ensure credit is always available to your farm business, we need to understand what banks want, [...]

By |2022-11-28T01:08:10+00:00February 14th, 2019|Farm Business Risk Management, Farm Finances|0 Comments
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