Your Farm Business Podcast Lucy Krause

What is the economic outlook for 2023 and how may this impact Australian agriculture? 
In 2022, farmers experienced significant increases in interest rates, important input costs, particularly fertiliser, chemical and fuel, and changes to their commodity prices. While changes to these important components of the farming business are common, we haven’t experienced these large increases for some time.
It’s important to be informed on what changes might be expected in 2023 so that we can be proactive in our planning for the coming season. Darryl Gobbet is an experienced economist with the rare ability to communicate clearly on these complex issues. He will provide you a background to what is driving these changes and what 2023 may hold for us.
For more information, please go to P2PAgri

This week's Your Farm Business Podcast focuses on the impact of recent significant geo-political events in Ukraine, as well as the ongoing pandemic, on Australian farm businesses.

Darryl Gobbett,  currently a Visiting Fellow at the SA Centre for Economic Studies at the University of Adelaide, shares his thoughts on these two significant developments, particularly their  impact on commodity prices, input costs, interest rates,  inflation, and the value of the Australian dollar.
For more information, please go to P2PAgri

Peter Aikman began his journey toward greater understanding of his farm business by trying to discover the information behind his financial data. 
“I wanted to improve my knowledge. I wanted more confidence in my numbers. I wanted more accuracy, transparency with business partners, whether that be people in your business or your banks and to enjoy it.”
This has given Peter confidence in not only understanding his own data, but also empowering his business planning and decision-making.
For more information, please go to P2PAgri

Phil Dibben, owner of Financial Services South Australia, shares with Mike Krause the benefits of good farm business management and using the P2PAgri software to help his business and his clients. He highlighted several key advantages:
Using P2PAgri is easy
Using P2PAgri saves him suffering from 'death by Excel'
Clarifying the farm business performance for the client and their bank
Being able to use Scenario Analysis to answer 'what-if' questions is the unique advantage for farmers and advisers in using the software

Find out more about Phil and his services from his website:
https://financialservicessa.com.au/



For more information, please go to P2PAgri

Judy Wilkinson and Mike Krause continue their discussion on Farm Succession Planning in this third podcast in the series. 
This podcast focuses on how important it is to not be put off by some farming families' negative experiences. These can sometimes deter people in farming families from beginning the process.  Mike and Judy stress how this should instead highlight how critical it is to use the right process to achieve positive outcomes, rather than avoiding action at all. 
For more information, please go to P2PAgri

In this second podcast on farm succession planning, Judy Wilkinson and Mike Krause discuss what process she has found helps a farming family to achieve a positive outcome to their farm succession process.
For more information, please go to P2PAgri