When you get an unexpected windfall as a farmer, what should you actually do with it? Is it just another payout to roll back into the farm, or a rare opportunity to reset your financial position?

With many Fonterra farmers waking up this week to a significant lump sum in their accounts, we asked Forsyth Barr investment adviser Michael Raynes to unpack the key decisions farmers should be thinking about.

Michael walks through five options, ranging from reinvestment and debt reduction to diversification and long-term planning. It’s all about making smart calls now that you won’t regret in five years’ time.

A quick note: nothing discussed in this episode is personal financial advice — it’s general in nature. If you’re considering your own situation, we recommend speaking with a registered financial adviser.

Got a podcast idea for us? Let us know, and give us your feedback on this episode.