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, [...]

Your Farm Business Journey: Tracking Your Goals and Progress

This quote by Steven Covey is a great way to start anything – whether it is something short-term like a weekend fishing trip or a long-haul journey around Australia. But it is especially empowering for your farm business journey . What is your goal, or the ‘end’ that you hope to achieve? Even for a short-term goal like the weekend fishing trip, the ‘end’ may be very different for different people. Is it really about catching fish, or is it more a chance to get away and relax? Maybe it is a bit of both. Whatever the goal, and whether this is [...]

Are you in the driver’s seat in your farm business?

Driving any vehicle with confidence toward your goal or destination needs a strong focus on the road ahead, while keeping one eye on what’s behind in your rear-view mirror and another on what your gauges tell you about how well your vehicle is travelling. Is your farm business any different? How well are you planning for the coming season’s journey? In a chat recently with an industry leader who has developed a paddock planning app for farmers, I was surprised to hear that only about 15% of farmers who use these types of [...]

Are you making the most of your tax return information?

The completion of the annual business tax return comes as a major relief to us all, often with a heartfelt, ‘Thank goodness I don’t have to do that again for another year!’ However, the discipline of completing the annual tax return does have benefits apart from hopefully saving you tax: The process makes you assess another year’s income and expenses and can, with some editing, measure your business’ financial performance. It becomes even more valuable if you look at this edited income and expense trends over a number of years. In fact, as a tax return is the only legal [...]

‘The Family Farm as a Business’: Mike Krause interview with Neil Tuckwell of Your Business Mentor

‘Farming the Business’ manual and eBooks: Essential farm business management information Click to download Mike Krause, author of ‘Farming the Business’, being interviewed by Neil Tuckwell on Your Business Mentor. Mike Krause of P2PAgri shares why this information, available in both manual and eBook formats, is essential material to support farmers and their advisers in farm business management decision making. ‘Farming the Business’ has been commissioned by the Grains Research and Development Corporation (GRDC), as part of their recognition of the importance of helping the grain farmers of Australia improve their business skills. Some of the essential farm business management skills [...]

By |2019-02-12T01:48:03+00:00September 8th, 2017|Farm Business Decision-Making, Farm Business Management|0 Comments

P2PAgri’s launch at SPAA conference!

We are very excited that we were able to launch P2PAgri at the SPAA (Society of Precision Agriculture Australia) 20th National Conference, 14th August 2017, held at Sydney University. We have committed 2 years of hard work to developing P2PAgri as an online platform for farmers and agronomists to use in their farm business management decision-making. Our release at SPAA focused on how P2PAgri can be used to test the financial benefits of using Precision Ag tools. Our thanks to Stefan Schmitt of Port Broughton, SA, for volunteering his farm as a case-study, and co-presenting with Mike at the SPAA conference. [...]

By |2019-02-19T06:22:10+00:00September 8th, 2017|Farm Business Management, News, P2PAgri Development|0 Comments

Farming the Business GRDC manual for farmers and advisers|P2PAgri

2015 release: 'Farming the Business'  We are so excited that, after months of hard work and keen anticipation, we have just completed and delivered the newly released farm business management manual ‘Farming the Business’. P2PAgri, with Mike Krause as primary author, developed this manual for the Grains Research Development Corporation (GRDC). This represents a significant investment by the GRDC in supporting Australian grain growers to develop improved business management skills. The need for improved farm business management skills has been identified as critical for Australian farmers. The business of farming is becoming more challenging with greater variations in commodity prices, [...]

By |2019-02-19T06:22:34+00:00September 7th, 2017|Farm Business Management, News, P2PAgri Development|0 Comments