Episode 24 – How Tim & Cheryl are creating a Freedom Farm
Today we share an interview of Tim and Cheryl Freak that we did for our mastermind clients. Tim & Cheryl are an amazing couple who are very passionate about farming.
In this interview, we explore how they are setting up their business to create a Freedom Farm. This is a profitable company that continues to work without their presence. Tim & Cheryl’s children are not ready to work on the land at the present time so they’ve had to hire people to help them create this freedom farm.
We explore how they did this during the interview…
Here is a bit of back ground about Tim and Cheryl Freak:
Location:
Background:
1982 – Tim’s parents purchased 485 ha & share-farmed sheep
1990 – Tim joined the business. Purchased 242 ha- very low equity
1992 – Cheryl joined the business
1998 – Purchased 380 ha
2002 – Share-farming extended to include cropping
2004 – Purchased airseeder and bar in a syndicate
2005 – Purchased 320 ha
2007 – Began share-farming 1347 ha
2008 – Purchased 410 ha
2011 – Began share-farming 185 ha
2013 – Purchased this 185 ha é
2014 – Purchased 805 ha
2015 – Joined Sheep Owners Academy (now Farm Owners Academy)
2018 – Continued on into Farm Owners Academy Alumni Program
Farm Details:
- 360mm rainfall ave
- Manage 5180 ha (own 2833 ha)
- 3 full time, 2 part time employees, plus casuals
- Crop 3200 ha – wheat, barley, hay, canola, lupins
- Sheep – approx 3000 ewes – 50% mated to Merino, 50% WS
Net Profit Results:
Return on Capital:
heir Goal:
To create a freedom farm and enjoy helping other farmers (they currently sit on some farm boards and also coach with Farm Owners Academy).
A HUGE thank you to Tim and Cheryl for allowing us to share their interview on this podcast.
Farm Owners Academy
P.S Whenever you’re ready…here are 3 ways we can help you grow your farming business:
1. Invest two day to transform your business at our TOP producers event - https://www.farmownersacademy.com/event/
Our new Facebook community is where smart farm owners learn how to get more profit, control and freedom, and you can connect with like-minded farm owners – click here to join.
4. Subscribe to our ‘Profitable Farmer’ podcast
This free audio podcast delivers ideas to help you run a great business – leading to more profit, control and freedom – click here.
