Top 5 Tax Planning Tips for Farmers
April 16, 2025
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5 Top Tax Planning Tips for Farmers For farmers expecting a profitable year this financial year, now is the time to start thinking seriously about
Why 2025 is the year to get financially prepared
As a farmer, you already know that the unexpected is part of the job. You’ve weathered tough seasons, market shifts, and countless challenges to keep your farm going. But when you think about the future, especially as we head into 2025, are you confident you’re on the right track with your finances?
In a world that’s changing faster than ever – economically, environmentally, and socially speaking – 2025 brings new opportunities and risks for farmers.
A solid financial plan isn’t just a good idea for your business… it’s essential. That’s why Lifesolver is here to help.
Set yourself up for success
As the founder of Lifesolver, Matt has made it his mission to provide tailored, practical financial advice for farming families, individuals and business owners. With over 30 years of experience, Matt and his team specialise in creating personalised strategies that address everything from cash flow and succession planning to retirement and investment management.
We understand that no two farms – or families – are alike, and we work closely with you to develop a plan that fits your lifestyle, your goals and your legacy
Why Choose Lifesolver?
Built on the principles of trust, transparency, and partnership, we work side-by-side with you. When you work with us, you’re gaining a lifelong partner dedicated to your success, not just financial advice.
Here’s what you can expect:
- Personalised Planning: Your financial strategy is custom-designed to fit your needs – it’s not a cookie-cutter solution.
- Expert Guidance: Matt’s years of experience working with farming families mean he knows the ins and outs of the unique challenges faced by farmers.
- Ongoing Support: Financial planning isn’t a one-time event – we’re with you every step of the way, helping you adapt, pivot or stay steady as your circumstances change.
Why 2025 Is the Year to Take Action
A new year always brings fresh opportunities to reflect, plan, and make meaningful progress toward your goals. For farmers, it’s an excellent time to take a closer look at your finances and ensure you’re prepared for the future.
- Shifting Market Dynamics
Farming has always been an unpredictable business. With changing commodity prices and input costs, keeping your cash flow steady can feel like a balancing act. Having a financial plan in place can help you navigate these fluctuations with confidence and have peace-of-mind during times that might usually cause turmoil. - Planning for the Future
Thinking about passing the farm to the next generation or stepping back from daily operations? It’s never too early to start planning. Succession and retirement strategies take time to develop, and beginning early ensures you and your family have to adapt and iron out any kinks that may arise. - New Opportunities
Advances in technology and diversification strategies are opening doors for farmers to grow their businesses and strengthen their financial positions. With the right guidance, these opportunities can pave the way for long-term stability and a bigger future. - An opportunity to be proactive rather than reactive
Proactive financial planning gives you the flexibility to adapt and thrive, no matter what comes your way.
Taking action doesn’t mean overhauling everything at once. It’s about building a solid foundation for the future – one thoughtful step at a time. With the right plan in place, you’ll be ready to make the most of the opportunities ahead while protecting what matters most.
How we can help you
We offer a wide range of services designed to meet the specific needs of farmers like you.
- Cash flow management: Develop strategies to ensure you have the resources you need to handle unpredictable income and expenses.
- Succession planning: Ensure a smooth transition for your farm, whether you’re passing it down to family or preparing for a sale.
- Off-farm investments: Explore opportunities to diversify your income and build financial stability beyond the farm.
- Risk and asset protection: Protect your livelihood with insurance and other safeguards against unexpected challenges.
- Retirement planning: Create a roadmap for stepping back from the farm and enjoying a comfortable retirement.
Now's the time to take control of your future
Don’t let uncertainty hold you back from acheiveing your goals. With Matt Meehan and Lifesolver on your side, you can take charge of your finances, protect your legacy, and prepare for a future full of possibilities.
Contact us today to schedule a no-obligation consultation. Together, we’ll create a plan that works for you, your family, and your farm.
*This blog/article is general and does not take into account your objectives, financial situation or needs. You should consider whether the advice is suitable for you and your personal circumstances. If relevant: Before you make any decision about whether to acquire a certain product, you should obtain and read the relevant product disclosure statement.
Three Super Strategies for Farmers
April 16, 2025
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Making Super contributions a part of your tax planning strategy is a great way to boost your savings while potentially saving on tax. These 3 super strategies can help you save on tax while increasing your superannuation.
How Much Will I Need When I Retire?
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I’m often asked this question when discussing retirement and estate planning with a client, and it’s a difficult question to answer.
Thats why I often turn the question right on its head and ask a question of my own.
What Farmers Need to Know About Preparing for End of Financial Year
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A Guide for Farmers: Preparing for the End of Financial Year As the end of the financial year (EOFY) approaches, it’s time for farmers to
Passing The Torch: Transitioning the family farm
March 13, 2025
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Passing the Torch: Transitioning the family farm Farm transition planning is about two things: preserving your family’s legacy and preparing the next generation to take
Why 2025 is the year to get financially prepared
December 5, 2024
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As a farmer, you already know that the unexpected is part of the job. You’ve weathered tough seasons, market shifts, and countless challenges to keep your farm going. But when you think about the future, especially as we head into 2025, are you confident you’re on the right track with your finances?
Take Control of Your Farm’s Future with the Farm Business Success Program
December 4, 2024
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It’s no secret that farming can be tough. Rising interest rates, skyrocketing property prices, and mounting farm debt are just a few of the challenges that make farm management feel overwhelming. Add in cash flow struggles, succession complexities, and tax planning, and it’s easy to see why many farmers feel like they’re performing a juggling act.
