Profitable Farmer

By Farm Owners AcademyBusiness Education Management

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on Management
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Typical duration
53 min
per episode

Based on Podcast App listening data

Profitable Farmer episodes

June 18, 2020 # 52 - BONUS - Money Mastery and How Understanding Your Finances Can Set You Up For Life
In a special edition interview with Farm Owners Academy Co-Founder, Andrew Roberts, we explore the topic of MONEY in detail.

So many of us have inherited negative mindsets and beliefs around money that are limiting and holding us back.

Many of us don’t fully understand what money really is, and as a result, have a certain disrespect towards earning it, creating wealth, and achieving freedom.

This is such an important topic, but so often NOT talked about.

Andrew shares his experience of ‘getting it wrong’ in his younger years, then committing to learning the essential skills and disciplines needed to creating wealth long-term.

Andrew also shares what you need to focus on to achieve base-level financial mastery, and introduces FOA’s Farm Financial Framework, and how to be part of this first-class training that launches on Friday 3rd July (limited spaces remaining).

You can learn more by clicking here.

Enjoy!

Jeremy
46 min
June 12, 2020 # 51 - All Things Fine Wool and Great Business
Wool prices have been adversely affected in recent months by the Covid-19 pandemic, no doubt with the potential to severely impact wool producers in the short-term.

In this interview, I speak with leading fine wool producer Cameron England, owner of Lyndall Park near Kingston, SE South Australia.

Cameron and his incredible family have been members of the Farm Owners Academy Platinum Mastermind Program (an exclusive farm-business masterclass) for the past three years. During that time, they have invested heavily in their own development, embraced their learning, and have established themselves, not only as leading members of our growing community, but also within Australia’s elite farming community.

Their inter-generational story speaks for itself, and the benchmark performance results they are achieving, both production and financial, are a credit to Cameron and Katie, and their farm business team.

Importantly, Cameron and Katie prioritise family and freedom. Their focus is on building a legacy for future generations whilst establishing the time, team, systems, and financial freedom to be able to cherish the journey with them. They are intent on building a highly profitable farm business that works for them, not the other way around.

Lyndall Park is a shining example of how good business, strong strategy, great planning and real focus on key numbers can see you profit and thrive even in times of very real industry uncertainty.

To find out more about the Farm Financial Framework please click here.

A cracking story from a wonderful family.

Enjoy!

Kind Regards
Jeremy
1 hr 2 min
May 29, 2020# 50 - Advancing the Australian Sheep-Meat Sector – A Conversation with Tom Bull
There is no doubt a ground-swell of real confidence across our industry is increasing…about bloody time!

Much of this, I believe, is the result of real optimism and a positive outlook for the red meat sectors.

In this podcast I interview Tom Bull, founder of Lambpro. Based at Kinross Station in Holbrook NSW, Tom and his family are great friends to Jane & I, dating back to intense games of touch footy on the beach over summer holidays at the coast as kids.

The Lambpro story is significant and compelling, beginning 35 years ago when Tom was just eight.

A self-starter, big-thinker, compelling leader, and outstanding businessman…Tom and Lambpro's contribution to sheep-meat advancement and the Australian Lamb Industry is significant and inspiring.

With over 2,500 premium ram sales annually (with the goal to reach 3,000 this year), and 900,000 lambs to be born this year across his national sheep-meat producing client base, the Lambpro business continues to break new ground and lead the industry with and for its clients.

Tom and I explore his outlook for emerging trends for the sheep- meat sector and discuss the following:
the prominent genetic and on-farm advances leading to greater producer profitability,
the global consumption trends for lamb,
the importance of a new focus on lamb branding,
Tom's predictions as to where we need to focus as a sheep-meat sector, AND
how Lambpro is innovating to deliver on-scale, premium, and highly marbled lamb products to affluent consumers globally.
A cracking story of genuine Australian entrepreneurship.

Enjoy!

Kind Regards
Jeremy
46 min
May 15, 2020# 49 - Covid-19 and the Property Market
The Covid-19 pandemic is impacting our communities and our economy in ways we have never experienced before. All experts agree, we are in largely un-chartered waters… in comparison to the GFC, the recession, wars and even the depression.

Only time will determine the extent of this global crisis, and how quickly Australia can bounce back and recover compared to other nations within our global economy.

In this podcast, Greg Johnsson and I speak with Peter Koulizos – a renowned property market analyst, researcher, investor, developer, author, academic and educator.

As a property expert and active participant, Peter explores:
the impact of Covid-19 on residential, commercial and property development markets – supply and demand predictions at this time,
how it is affecting the various categories of individual investors,
his take on the flow-on effect this will have within the property sector and beyond,
the harsh reality of what these outcomes will mean for the broader economy,
the importance of a prompt and proactive return to recovery, and
for active investors - what to do right now and what to look out for.

The Australian property market and its recovery is pivotal to our local and national economies. Peter’s perspective on how it will navigate Covid-19 is outstanding and immensely informative.

Enjoy!

Kind regards
Jeremy
47 min
April 29, 2020 # 48 - Financially Literate or Flying Blind...Which One Are You?
I was chatting to a farmer the other day, who in conversation made 3 bold and cocky statements… saying them as if he had some badge of honour:

“I don’t have time for office work”,
“I have no interest in the numbers… I leave that to the missus”, and
“It’s all another language to me… I leave it to the pen-pushers”.

At the same time, he was commenting about how chaotic their life was… and how he… “makes decisions based on instinct & gut-feel rather than on analysis & ‘number-crunching…’”.

I didn’t say it… perhaps I should have… but all I was thinking was “what a bloody peanut”.

If you are serious about business and dedicated to being the absolute best farm owner you can be, then being financially illiterate is a sure way to NEVER get there.

NOW MORE THAN EVER FARMING IS A BUSINESS.

CEO’s of ALL successful companies study financial management constantly. Intense analysis, feasibility studies, financial performance monitoring, decision-modelling, forecasting and benchmarking is one of the largest and most important activities they do.

Successful farm owners are across their numbers AND dedicate time in the office to analysing their performance AND making numbers-based performance decisions.

Like it or not, and as Greg points out, "the language of business is finance".

In this important podcast, I interview Farm Owners Academy co-founder, long-time financial analyst and farm financial specialist, Greg Johnsson. We explore the critical reports you have to establish then proactively monitor, AND we explore the core ratios you must measure and benchmark in order to be in control and making meaningful, measured and robust decisions on your farm.

In this webinar, I do not apologise for making an unashamed plug for our new financial literacy training program being launched right now by Farm Owners Academy. It is called the Farm Financial Framework and it commences on 3rd July as a live online in-depth training initiative.

To learn more, CLICK HERE.

If you are serious about profit and creating wealth and, then this is an essential training program I urge you to prioritise.

It’s time to get serious!

Sincerely,
Jeremy
56 min
March 31, 2020# 47 - The Covid-19 Impact on Agriculture and Finance Sectors
We find ourselves in unprecedented times, like no other in recent history. Crazy, in many ways... following prolonged drought and recent fire events.
It is our view that we will navigate this well as a nation. We will handle this strongly as an industry. We are resilient and fortunate at this time to be farmers. Please be sure to look out for those around us more adversely affected.
In this Podcast, I interview Managing Partner & Financing Specialist, David Charge from Sprout Agribusiness.
David and his team are Commercial Financing Specialists to Australian Agribusiness, supporting farming families across Australia. David is measured and pragmatic, and his advice and assessment of this current crisis is both thoughtful and thorough. He offers us some strong support and guidance as farmers at this time.
In this interview, David & I explore:
The impact of Covid-19 on Agriculture,
How to best navigate this crisis as a farming business,
State and federal assistance / concessions now available to you,
How the financing sector is responding,
The challenges our local bank managers face (post royal commission),
How to proactively engage with your lender,
The role and benefit of an independent finance specialist in your business,
How to make the most of the current low interest rate climate, AND
How to take greater responsibility for your financial situation and your long-term financial success.
My learnings from this discussion with David is to stay focused, plan proactively, build your financial management skillset, and make the most of financing and other opportunities that now exist.
Another great interview with another emerging leader in our industry.
Once again, enjoy!
Jeremy
50 min
March 27, 2020 SPECIAL EDITION - Covid-19: Dealing with FEAR and Anxiety.
Simply this is a MUST LISTEN TO Podcast.
Right now, FEAR and ANXIETY is at a peak, and very real for many / most of us.
Fever pitch even... and only amplified by media at this time.
How we manage our own mental state and deal with the emotions of fear and anxiety is so very important at this time - for us, for those around us and as a local and national community.
I interview our Head Coach and Mindset Specialist Tracy Secombe and we explore this important issue. Importantly Tracy shares with us:
- What fear is and how it turns up for us,
- How we experience anxiety, and
- How we can manage both of them and change our state of mind.
More deeply we explore how we can find gratitude, optimism and meaning at this time, and what tools we can use to remove fear and anxiety from our current reality.
The most important thing we can do right now is to be self-aware, manage our own energy, and ensure we turn up to our family and loved ones with perspective and strength.
As parents, sons & daughters and friends, now is our time to lead and love.
Tracy is simply incredible. Her message so very important at this time.
This one is important - for you and for those around you.
Stay safe, stay strong and enjoy!
Jeremy
53 min
March 12, 2020# 46 - Succession Series Part 2 - Building Trust Within Farming Families
Trust is critical to any high-performing team. Equally, it is essential to effective family-farming businesses...

Do you have a strong basis of trust and mutual respect within your farm team?

Like a muscle, trust can be worked on and strengthened over time.

Most of us just don’t know how, or where, to start.

To expand further on the topic of farm succession, I once again speak with Tony Catt, Director of Catapult Wealth, and we explore:
why trust is essential to effective succession planning,
how trust is broken,
the 3 communication and trust ‘killers’,
how to build trust where it has previously been absent,
the important roles each of us play within the family to nurture a culture of trust and respect.

Tony suggests that sometimes our focus should temporarily move away from important succession conversations until a basis of trust is re-established.

We also explore the notion that all of this is just good, professional business practice. Again, we have so much to learn from businesses who achieve a strong and powerful culture of trust within their teams.

An open dialogue as a family around this sensitive topic is a great place to start.

Grab a cuppa, wrangle your family and enjoy!

Regards,
Jeremy
53 min
February 28, 2020# 45 - Making Farm Succession Work
Succession is a misunderstood and very challenging issue for many Australian farming families. Many of us have tried this and had a negative experience and therefore choose to lock it down, not discuss inter-generational transfer at all and get on with running the farm... rather than constructively planning for the future together.

In this podcast, we interview Managing Director of Catapult Wealth, Tony Catt. Tony is an expert on farm succession and is passionate about helping farming families proactively develop a plan for their futures together.

Tune in as we explore:
Why this is so challenging for so many,
What farm succession really is,
Through good business practice and 'governance' we can make succession more successful for families,
The 4 clear, written plans we really need to make this truly effective in practice,
Why the younger generation might need to be respectful and patient in the process,
How to include family members and bring them along for the ride,
How frequently to be discussing this and refining your plan, AND
How to get started.

At Farm Owners Academy, we recommend Tony and Catapult Wealth…we believe that proactive business planning can complement and form the basis for stronger succession planning and more meaningful intergenerational transitions for all.

Enjoy this interview... ideally over a cup of tea, and as a family. We hope this enables you to reflect on where you are at on this journey, agree how to move forward together, and also, who you need around you to give yourselves every chance of success.

The key is to come together and get started!

I look forward to hearing your family’s success stories in all thing’s succession.
Kind Regards,
Jeremy
48 min
February 14, 2020# 44 - How the fear of failure can destroy your dreams
Implementation is the key to success!

In today’s podcast, I chat with Andrew and discuss the importance of realising, accepting and overcoming your fears in order reach your potential in all areas of your life. We explore the concept of fear and how this holds us back, especially the fear of failure in business.

Join us as we dive deeper into:
How perfectionism can hold you back - most people tend to procrastinate because of this, as they worry about making the wrong decision
How you can set up systems to help you make concise decisions, this requires thinking, which most people don’t like to do – most farmers prefer to DO rather than THINK!
Implementation is the key to success, not the decision making however this is still a very critical part.
Never allow a year, a quarter, a week or a day go by without planning it first - this is the KEY to succeeding - yet most people don’t do this.
Stop using excuses to set your goals later - do it NOW!
The power of 10-year, 3-year and 12-month goals, quarterly rocks, weekly & daily goals – If you make time to write these down, you will become unstoppable.
How taking control of your business and developing systems will help you make more profit and allow your team to become more focused and efficient.
If you don’t set goals, your team is winging it which will cost you lots of money, for little return.
Your greatest life is on the other side of fear! We hope you enjoy this podcast and identify the fears which might be holding you back.

To find out more about our Take Control Program, please click here... take advantage now before the price increase!

Enjoy,

Jeremy
40 min

About Profitable Farmer

From the publisher's feed

This show is all about increasing the profitability of your farm so you work smarter and not harder. Your host, Jeremy Hutchings (Managing Director at Farm Owners Academy), reveals the best farming…