Episode 24: How Tim & Cheryl are creating a Freedom Farm

Today we share an interview of Tim and Cheryl Freak that we did for our mastermind clients.  Tim & Cheryl are an amazing couple who are very passionate about farming. 

In this interview, we explore how they are setting up their business to create a Freedom Farm.  This is a profitable company that continues to work without their presence.  Tim & Cheryl’s children are not ready to work on the land at the present time so they’ve had to hire people to help them create this freedom farm.

We explore how they did this during the interview…

Here is a bit of back ground about Tim and Cheryl Freak: 

Location:

Background:

1982 – Tim’s parents purchased 485 ha & share-farmed sheep

1990 – Tim joined the business.  Purchased 242 ha- very low equity

1992 – Cheryl joined the business

1998 – Purchased 380 ha

2002 – Share-farming extended to include cropping

2004 – Purchased airseeder and bar in a syndicate

2005 – Purchased 320 ha

2007 – Began share-farming 1347 ha

2008 – Purchased 410 ha

2011 – Began share-farming 185 ha

2013 – Purchased this 185 ha é

2014 – Purchased 805 ha

2015 – Joined Sheep Owners Academy (now Farm Owners Academy)

2018 – Continued on into Farm Owners Academy Alumni Program

Farm Details:

• 360mm rainfall ave

Net Profit Results:

Return on Capital:

Their Goal:

To create a freedom farm and enjoy helping other farmers (they currently sit on some farm boards and also coach with Farm Owners Academy).

A HUGE thank you to Tim and Cheryl for allowing us to share their interview on this podcast.

P.S. Whenever you’re ready...here are 4 ways we can help you grow your farming business:

1. Attend to our free online training - "Nail It Then Scale It.  Take Control of your farm today, and become the profitable business owner you deserve to be!"

2. Join the Farm Owner Academy’s closed Facebook group ‘Profitable Farmer’ 

3. Subscribe to our ‘Profitable Farmer’ podcast