Farm Business Decision Making

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Peter Aikman: A Farm Business Journey

Peter Aikman began his journey toward a greater understanding of his farm business by trying to discover the information behind his financial data. “I wanted to improve my knowledge. I wanted more confidence in my numbers. I wanted more accuracy, transparency with business partners, whether that be people in your business or your banks and to enjoy it.” This has given Peter confidence in not only understanding his own data, but also empowering his business planning and decision-making. Mike Krause is one of Australia’s leading Farm Business Management consultants with [...]

Interest Rates and Your Farm Business

Darryl Gobbet is currently a Visiting Fellow at the SA Centre for Economic Studies at the University of Adelaide. Darryl is an eminent economist and has had many roles in his successful business career. Darryl and Mike’s path first crossed in the late 1980’s at The State Bank, the predecessor the BankSA. Notably in those times interest rates reached the giddy heights of 22%. Darryl shares his thoughts on current interest rates and where he thinks they are heading, and the impact of this on the farm business and rural land values. [...]

By |2022-11-21T23:31:37+00:00August 4th, 2021|Farm Business Decision Making, Farm Finances|0 Comments

5 Challenges Facing Farm Businesses Today

Tony Hudson is the Founder and Director of Hudson Facilitation. He shares his insights with Mike Krause of P2PAgri on what he sees to be the five significant challenges facing farm businesses today. These are challenging times for rural businesses, with increasing risks from climate variation, fluctuating commodity prices, access to export markets and increasing land prices. Tony brings a wealth of experience to his consulting in farm business management: from lecturing at Marcus Oldham College, and working in rural banking at NAB (National Australia Bank), to many years training and consulting to farm businesses. [...]

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

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 [...]

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