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FREEDOM FARMER BLOG

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Avoid These Common Mistakes… benchmarking budgeting farm accounting financial analysis financial literacy kpis profitability May 16, 2024

At school we were taught we always need to have the right answer. 
 
We are rewarded for being right. 
 
In business, it helps if we are right more than we are wrong… 
 
However, if we hold onto always being right, we can get stuck which can constrain our...

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The 7 Reasons That You Are Lacking Cash in Your Farm Business benchmarking financial literacy kpis profitability wealth creation May 09, 2024

The last 18 months have seen many agricultural commodity prices fall significantly; input prices continue to increase, plant and equipment prices skyrocket and interest rates experience 13 consecutive rate rises.  

In combination, these lower commodity prices, higher costs, and rising...

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The 3 Keys to a Profitable, Scalable Farm Business Model benchmarking business growth farm expansion profitability scalability May 02, 2024

We have all heard the term ‘Work Smarter, Not Harder”. 
 
Well, today’s blog is all about that principle. 
 
Finding a profitable, scalable business model and continuously working on improving it is a key skill for any farm business owner and it trumps hard work...

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The Diversification Myth… benchmarking financial analysis financial literacy kpis profitability resource optimisation Apr 25, 2024

In today’s blog, we won’t be exploring something new… 
 
Instead, I want you to forget something that you may have heard time and time again as a farm owner. 
 
It’s possible that this may have even informed many of the decisions that you have made around...

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Navigating the Dip: Transform Your Farming Business benchmarking business growth data analysis decision-making farm efficiency farm expansion financial planning infrastructure management investment strategies kpis off-farm investments performance metrics profitability resource allocation scalability strategic scaling top producers wealth creation workflow optimisation Mar 27, 2024

To ascend to the next level in your business, one must often brave the dip - a temporary decline in short-term revenue or profit for the promise of long-term growth and prosperity. 

Investing strategically during these dips can be the catalyst for exponential growth. Consider allocating...

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5 Essential Tips to Enhance Your Budgeting and Forecasting Process benchmarking budgeting data analysis decision-making farm accounting financial analysis financial literacy kpis performance metrics profitability Mar 01, 2024

Rather than creating and maintaining a budget, think of it more as ‘forecasting your business model’. It isn't just about your bank account; it's a powerful tool for managing cash flow and gaining financial clarity. Additionally, it serves as a decision-making aid...

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