Head Shepherd

Building a successful farm business with Prue Bondfield


Listen Later

This week on the podcast, we have the wonderful Prue Bondfield. Prue didn't have a traditional pathway into agriculture. 'In terms of the beef industry, my association there started when I got married to my husband, who owned a Charolais stud. I was a lawyer in Brisbane, Queensland,' says Prue. 'It was really city meets country in the best way.'

From the time David and Prue purchased 50 cows from her father-in-law, the stud went from strength to strength. 'We ran the Palgrove seedstock herd for 35 years and, in summary, exited that business early this year.'

Mark asks, now that Prue and David have built and exited a successful business, with the power of hindsight, would they do anything differently now?

'You learn by trying. If it hadn't been invented, we'd try and develop or pioneer something. We found that over our life we had to find different ways of breeding our cattle or different breed standards for us ... they're not things you'd do differently, but they certainly make character.'

'When you do things half right, you never feel great about it,' says Prue. 'It feels better if you're doing things really, really well, to the best you can do it and producing quality at the other end.'

Prue credits the key factors of their business's success to a few things. First was leasing land whilst they increased their numbers. 'We had a factory operating before we bought the factory floor ... so we had productive animals ready to move onto any new land that we bought.'

'Once embryo transplants started to become part of the norm in the business, that really jumped our numbers up. There was this never-ending game of chase behind the production. And then that gets to a certain point where you become a big supplier.'

Prue says they never intended to be a large business; they wanted quality over quantity, but they were obviously onto a winning formula!

'We started to think about how we raise some capital, to raise some to find a partner who will very much be part of this growth story.' One essential for success was that Prue made sure the business was ready for investment. Prue says, 'You have to be operating as a corporate entity in a family business, which is what we really gave a lot of time into getting that right prior to looking for capital.'

Prue now sits on a range of boards and governance structures and still has connections throughout the industry. 'One of them is an AgriTech company called Black Box Co. It's fantastic, it gives me a really good insight on what farmers are asking for in terms of practical, good technology.'

Prue is an inspiration to many, and we thank her for spending her time with us and sharing her story and insights into the industry. 

Head Shepherd is brought to you by neXtgen Agri International Limited.

We help livestock farmers get the most out of the genetics they farm with. Get in touch with us if you would like to hear more about how we can help you do what you do best: [email protected].

Thanks to our sponsors at MSD Animal Health and Allflex, Heiniger Australia and New Zealand, and ProWay Livestock Equipment. Please consider them when making product choices, as they are instrumental in enabling us to bring you this podcast each week.

Check out the MSD range HERE

Check out Allflex products HERE

Check out Heiniger's product range HERE

Check out ProWay's product range HERE

...more
View all episodesView all episodes
Download on the App Store

Head ShepherdBy Mark Ferguson

  • 5
  • 5
  • 5
  • 5
  • 5

5

7 ratings


More shows like Head Shepherd

View all
The Howie Games by LiSTNR

The Howie Games

377 Listeners

Profitable Farmer by Farm Owners Academy

Profitable Farmer

12 Listeners

The Yarn by Australian Wool Innovation

The Yarn

3 Listeners

Betoota Talks by The Betoota Advocate

Betoota Talks

29 Listeners

Commodity Conversations by Mecardo

Commodity Conversations

1 Listeners

Humans of Agriculture by Humans of Agriculture

Humans of Agriculture

8 Listeners

Marcus Oldham AgTalk by Marcus Oldham College

Marcus Oldham AgTalk

0 Listeners

AgWatchers by Andrew Whitelaw & Matt Dalgleish

AgWatchers

0 Listeners

Straight Talk with Mark Bouris by Mentored.com.au

Straight Talk with Mark Bouris

205 Listeners

Proper True Yarn by Country Trucker Caps

Proper True Yarn

19 Listeners

Life of Brian by Clubby Sports

Life of Brian

20 Listeners

Bizarre with Mick Molloy and Titus O’Reily by Sport Bizarre

Bizarre with Mick Molloy and Titus O’Reily

60 Listeners

Boots Off Log On!™ by Agrimaster

Boots Off Log On!™

0 Listeners

AgriCoach Wealth & Wisdom Podcast by The Financial Bloke by Ben Law

AgriCoach Wealth & Wisdom Podcast by The Financial Bloke

4 Listeners

2 Worlds Collide Podcast by Sam Bamford

2 Worlds Collide Podcast

77 Listeners