FREEDOM FARMER BLOG
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Imagine for a minute that you’re a dentist and you own a one-person business…
You genuinely love what you do.
You spend your days cleaning the teeth of your patients.
Your schedule is jam-packed and you feel a real sense of accomplishment after a hard day’s...
Too many farmers push themselves to always keep growing simply because they think it’s what they “should” do.
Do you agree?
There are benefits to growing your team and scaling your farm (and we’ll talk more about that in a minute.)...
Are you wasting time without even knowing it?
Years ago, when I lived in Brisbane, I got up at 4:30 in the morning. I woke up before the sun so I could meet a mate of mine and train with him at the gym.
After six months of doing this, I happened to mention to him the route I took...
When most farmers make decisions, they wing it.
They don’t have any tools or systems to help them decide whether something is a good financial decision or a bad one.
…Which leads to bad decisions that cause big problems like:
- Unnecessary spending
- Constrained progress...
If you ask me, it’s an absolute waste of time…
…to try and manage things you can’t control.
No matter how hard you work, you’ll never be able to control the weather, your family’s actions, or interest rates at the bank. So I’d rather help you focus...
Most farmers struggle with profits.
Even if your revenues are high, you can still lose money after all your costs, interest payments, and other expenses are paid out.
Like our student Travis..
In the 2014/2015 year, he and his brother had a great revenue on the farm...
Imagine finding two hardworking farmhands that you completely trusted…
That you could train up to do all the farm jobs…
So you have time to do things like:
- work on the high-level strategy to increase profits
- make succession plans
- even free yourself up to take multiple...
Between Greg and I, we’ve been working with farmers for 50 years.
And during that time, we’ve noticed a really troubling trend:
Most farmers stay stuck, forever.
Longer than forever, actually…
Because they spend a lifetime stuck and then pass that legacy...
I’ll get right to it…
…because these numbers speak for themselves.
The chart below shows you the Return on Assets Managed (ROAM) for the 2016/2017 year. It’s a comparison of ABARES, Holmes Sackett, and our Farm Owners Academy (FOA) students:
Using those...
Here’s a mind-blowing stat:
Farm Owner Academy students get 4.6% higher Return on Assets Managed than the average farmer.
Given a $3Million property, that’s an average of $108,000 more every single year (compared to the ABARES figures).
The big reason why our students are so...
The biggest fear for most farmers? (and for most people in general?)
Failure.
The thought of giving it your all but still not making the cut terrifies a lot of people.
I guess I’m not like most people in this respect. Because I’m quite open about the fact that I’ve had a few...
