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Episode 20: Succession and empowering the next generation with Jill Fotheringhame

We speak to Jill Fotheringhame about how she and her husband Keith grew their farm from a small sheep and wheat farm in the late 1980s to the large and successful cattle feedlot and grain business today.Jill owns and manages a beef feedlot and grain enterprise with her husband and son Todd in Karlgarin, Western Australia.Jill provides practical advice on the following:- Managing high-interest rates- The changes in farm technology- How to autosteer phone calls from brothers- Beneficial financial management habits and routines - Succession and allowing the next generation to run the show.Jill believes that good family relationships are the cornerstone of a successful farm business and that it is all about “relationships, communication, and involvement.”Sit back where ever you are listening and enjoy Jill’s story and wisdom.

Episode 19: What you need to know about Grain Marketing with Ten Tigers

Chris grew up on the family farm at Coomberdale in the wheatbelt of Western Australia. He’s been immersed in the grains industry since 1995 and has held numerous roles in research, extension, sales, marketing, and consultancy. With a deep knowledge and passion for the grains industry and a solid reputation for working for farmers, Tonks founded Ten Tigers in 2004 as a dedicated grain marketing advisory business.

Episode 18: Accounting firms can successfully migrate to advisory with Profitable Partners

Rob needs little introduction to the accounting firms of Australia, as he has been working to help improve the profit of accounting firms for nearly 30 years.Rob is passionate about accounting firms, and as the one trusted adviser every business needs, they are leaving profit on the table.Rob talks about the simple things rock star accounting firms do differently from the others that deliver them real wealth creation and very happy sticky clients.We talk about the double edge sword of increasing automation technology in the accounting profession, how it is driving up productivity and lowering firm costs, yet it could result in a race to the bottom as it risks lowering an accountant’s understanding of their client’s business and therefore their real needs. Rob says: 87% of the revenue of firms is all about historical services – or writing up history. Only 13% of accounting firms’ revenue comes from proactive advisory services.Rob shares with us practical ways that you as a firm can start the journey from reactive tax & audit-dominated services to proactive services like cash flow, profit & management accounting, providing increased client value and firm profit.This is a must-listen for any accounting firm, with a high level of wisdom and advice per minute. To quote Rob: “If you are part of their cost, they can easily get rid of you, but If you are part of their profit, then they can’t get enough of you”This is the link to Profitable Farmers Free Resources.

Episode 17: Essential wills and estate planning insights with HHG Legal Group

If you require help regarding wills and estate planning, Janene Bon, Special Counsel of HHG Legal Group, will be your best solution. As grim as it is, Janene stated it's never too early to start your estate planning and reviewing your will. It can be a daunting and complicated process, but it doesn't have to be. Regardless of your age, occupation or wealth accumulated, it will give you peace of mind knowing all your loved ones will be taken care of if the unforeseen is to occur. It's understandable wanting to delay it as much as you can, but it's about having open communication, being fair to all family members and minimising any possible risks before they arise.Get all the insights you need by joining David and Janene in this special Dowerin Fields Day episode.

Episode 16: Wealth management and stockbroking with Ord Minnett

Dowerin Field Days are always filled with excitement, the hustle and bustle of the crowd. This particular episode is recorded at Dowerin Field Days 2022, and our host is joined by Scott Green, Finanical Advisor at Ord Minnett. Together with David, Scott will discuss issues and conditions causing changes within the trading market, the fundamentals of trading and actions you can take to gain the best result in these volatile markets.

Episode 15: Understanding Australia's soaring farmland prices with Agrarian Management

In this episode, our host David is joined by the founder of Agrarian Management, Paul McKenzie, focusing on the topic of conversation at every rural gathering - land prices. Over the years, Australia's land prices have been on a rising trajectory. A report published by Rural Bank stated that the median price per hectare of Australian farmland has increased by 20% in 2021 to $7,087 per hectare. David and Paul will discuss the impact of rising land and commodity prices, the alternatives to buying more land and the land buying headwinds that must be considered before purchase.Paul has over 29 years of experience providing advice in farm business management, corporate governance, risk mitigation, finance, grain marketing, staff recruitment and succession planning to high-net wealth farm business owners and investors. His impressive credentials continue as Paul is also the Director of several ASX, research and large private and sovereign wealth agri companies and an enthusiastic farmer.

Episode 14: The impact of biosecurity on your bottom line with NT Farmers

This episode is joined by Paul Burke, CEO of NT Farmers. Paul has been a passionate agricultural advocate for over 20 years, from representing Agforce in Queensland to Northern Territory Cattlemans Association, NT Department of Primary Industry and Resources and now as the CEO of NT farmers. Together with David, Paul will discuss one of the hot topics in agriculture; biosecurity and how farmers and the wider community can actively manage the risks. They will explore the strategies on how you, as a farmer, can include biosecurity into your financial planning and budgeting habits to improve your banking relationships and lower your financial risks and lending margins. Throughout the episode, Paul helps us understand the uniqueness of Northern Australia and paints a compelling picture of his vision for the industry.

Episode 13: Lean in with David Egerton-Warburton

Being in the farm business is not for the faint of hearts. For those outside the profession, it's easy to assume the operation/production side of the business is the only aspect that needs focus. But that cannot be furthest from the truth.In today's episode, Agrimaster's Director David shares his personal journey into the industry and the importance of being exposed to all aspects of the business, specifically financial management. Like many, David officially began his farming journey fresh out of university. He assumed his newfound theoretical knowledge was all that was needed for him to continue his family farming legacy. Being the son of the founder of Agrimaster, David was never hidden from budgeting, cash flow process or the financial side of the business. But being the young farmer that he was, he admitted taking over the books or understanding the numbers was never a priority until the worst happened when the wool prices crashed in 1996.If you are reading this and thinking you can relate, listen to this episode and get the insights, learnings and strategies he implemented to gain an in-depth understanding of financial aspects.

Episode 12: How Karradale Farms achieved two expansions in one decade with Agrimaster

This episode is joined by two special guests, Anna-Lisa Newman and David Neve, long-term users of Agrimaster share their personal journey into farming and the importance of building financial management skills over time. Anna-Lisa is a proactive and successful farmer as well as being the founding Chairwoman of Women In Farming Enterprise (WIFE). Anna-Lisa began her farming journey with her husband Craig in 2003. Throughout the episode, Anna-Lisa and David talk about how they work together, how to maximise the value from your advisor, personal benchmarking and the importance of developing management recordkeeping and cash flow management rhythm.

Episode 11: Agtech pioneer Kent receives OAM for Agrimaster Software

This special episode is joined by the founder and writer of Agrimaster, Kent Egerton-Warburton, who has been honoured with a Medal of the Order of Australia for his service to the Agtech sector.What started as a passion project 40 years ago with a simple goal of developing a program that could be used on his own farm is now being used by thousands of farmers across Australia.From being a sheep farmer to becoming a self-taught programmer, Kent has done an incredible job creating a program that has stood the test of time.Listen to Kent's journey now.