What to Do When Your Parents Don’t Want to Talk About Succession
Succession planning is one of the most important – and most difficult – conversations a farming family can have. But what happens when your parents aren’t ready to talk about it? If you’ve ever tried to bring up the topic, only to be met with resistance or silence, you’re not alone.
Top 5 Tax Planning Tips for Farmers
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 tax planning. Getting organised early gives you and your accountant the time and clarity to make informed decisions before 30 June. The earlier you get on the front foot, the […]
How Much Will I Need When I Retire?
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.
Take Control of Your Farm’s Future with the Farm Business Success Program
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.
Four tips for navigating succession planning tension over the holidays
Christmas is a time for family – coming together, sharing meals, and telling stories. Unfortunately, it can also be a time of tension, especially when difficult topics like the future of the family farm arise
8 Things You Need to Include in Your Farm Business Plan
As the age-old adage goes, “Those who fail to plan, plan to fail.” This rings especially true in the realm of farming. Without a clear roadmap, achieving success can feel like you’re aiming at a moving target, but you what should you include in your farm business plan? That’s where we come into play with our guide to the 8 things to include in your farm business plan.
Why we need to talk about farm insurance
Want to know why insurance is such an important part of farming? Read this article.
10 Things Farmers Need To Consider When Setting Goals For Their Financial Future
Setting goals for revenue, profitability, and ultimately, your financial future, is one of the most important things you can do to achieve farm business growth.
How To Eliminate Poor Communication In Your Team
Is poor communication in your team costing you your precious time, money, and energy? Keep reading to find out how to eliminate poor communication in your team and increase productivity.
Farm Transition and Estate Planning
Farm transition and estate planning can be complex and confronting, but it doesn’t have to be. This month we are focusing on Estate Planning, and I wanted to share this story with about a fifth generation farming family I am currently working with.
How To Avoid Succession Planning Disaster
One question that I get asked a lot is about how to avoid Succession Planning disaster.
I’ve seen a few disasters in my time, and it’s unfortunate.
Often, it’s those situations where family members are no longer talking.
Interest: a cost or an investment?
Recognising there are ways you can leverage your farm to increase your net wealth down the track is just one strategy farmers are using to grow their farming business.
Improving the cash flow of your farm
Improving the cash flow of your farm doesn’t need to be difficult. In this blog, we take you through a brief introduction of what cash flow is and why it’s important.
Growth Opportunities For Your Farm
Growth opportunities for your farm Today, I want to look into growth opportunities for your farm through purchasing more country versus increasing the productivity of your current farm. As you know, the price of land has gone up significantly in recent times. Dollar per cow area or dollar per average yield of grain has become more expensive […]
