Profitable Farmer

Leadership is about giving those around you certainty.    Making strong predictions based on quality information and taking proactive action in tough times is a hallmark of strong leadership.   Many Aussie farmers have experienced a marked drop in meat prices in recent months, impacting their realities and outlook significantly.   As in Episode 121 with Grain & Oilseeds Lead Analyst - Stefan Vogel, I once again call on the elite Rabobank Research team and Senior Analyst – Animal Proteins Angus Gidley-Baird to help us understand what has happened and what to expect in the red meat markets in the near to medium term.   In addition, I call on the experience of Farm Owners Academy Co-founder and Director Greg Johnsson to offer his insights on this important topic and some guidance on where we need to focus as farmers to best navigate this period in our industry strongly and strategically.   In this episode, Angus, Greg & I explore:   what has happened; why it has happened; recent supply chain dynamics; co

At Farm Owners Academy, we are big believers that our mental well-being is closely linked to our physical health AND positive social interactions.    I am delighted to interview Active Farmer Founder and Director Ginny Stevens in this episode. Over eight years, Active Farmers has grown from an idea and one weekly fitness class in Mangoplah, NSW, to a significant and important national charity supporting thousands of farmers' physical health and mental well-being across 65 rural communities.    It is an incredible story, and one Ginny Stevens, her family, and her team can feel immensely proud of.    Now, with a team of 40 fitness trainers, an operational unit of 6 supported by a compelling board and a long list of sponsors and partners, Active Farmers is poised for its next growth step and the opportunity to make an even greater impact on the resilience of our great industry.    In this episode, I ask Ginny to share her back story and offer an insight into the Active Farmers journey.    For me, it is a healthy

One of the best bits about being part of Farm Owners Academy is the life-long friendships we see being fostered across our incredible and growing community.   One of the greatest privileges of being a Coach is supporting great people to make meaningful and lasting changes in their personal and business development journeys.   Our members achieve huge amounts in their 3-year Platinum Mastermind journey. Sure, their business profitability grows, their farms expand, their families become more aligned, and they set up teams and more professionally lead their farms.   But what inspires me the most is seeing the personal growth that so many individual members achieve and how this can completely change their lives.   In this episode, I am pleased to introduce you to Peter Moloney, one of our recent Platinum Mastermind graduates. Peter, his wife Kate and their 3 young men own and operate a 50,000 acre property and successful beef operation at Auguthella, north of Charleville in Western Queensland.   In this episode,

Often, it is my observation that succession is made to be a bigger and more complex issue than it needs to be.   Often, in my opinion, good business practice applied to family business can be the key to aligning a family to a common goal and plan; creating meaningful, regular and proactive communications; providing financial clarity and control for all parties; delivering structures and systems to support all team members in their roles; and helping ensure all expectations relating to succession are understood and clear.   Let me be clear, I am not saying succession is easy. What I am saying, is that the timely and proactive application of good business practices have proven to help farm business families be more effective, and then make succession a more palatable and constructive process.   Four weeks ago I was asked to be part of the Annual Poojinook Client Field Day, and be interviewed alongside succession specialist Isobel Knight, Proagtive on the topic of Business & Succession, by interviewer and jo

Farmers can be a humble bunch, perhaps in part a function of a certain ‘tall poppy syndrome’ that exists across our landscape. As a result, as well as the fact that most of us are production-focused and not necessarily marketing-trained, we are not always great at telling our unique stories or promoting our own business ‘brand.’   Taking this further, globally, there seems to be an ever-increasing gap and misunderstanding between the food consumer and the farmer producer.   Simply, there are so many great Australian agricultural stories that need to be shared and so many good things happening in our industry that our food-consuming society needs to hear, understand, and appreciate.   Farmers, if we don’t tell our story, someone else will be…   In this episode, I am pleased to spend time with the Founder of Humans of Agriculture, Oli Le Lievre. Oli & his team are dedicated to bridging this gap and walking alongside people in our industry to help them uncover and share their unique stories.   Personally, I

We find ourselves in an economic environment very different to 12 months ago - now characterised by high inflation, rising interest rates and an uplift in unemployment in most of our trading nations across the globe.    On the back of a compelling quarterly economic review to our Members, I have invited Terry Tran – Freedom Trader – to join me again to make sense of it all. To give us a no BS take on what is happening in our world, what it means, how to play (as an investor), and to understand where the opportunities (in the investment landscape) lay.    Terry now predicts a high chance of global recession, resulting from a marked economic slowdown in the USA, Europe and China. This requires us all to think deeply about our business models and our approach to business and investing in the years to come.    Overnight the US has seen a credit downgrade - it’s first since 2011 following a close call on a debt ceiling default. This follows its 11th consecutive rate rise since March 2022 to a 22-year high, forcing

What does moving from a ‘start-up’ to ‘significance’ as an entrepreneur take? Let’s find out. In this episode, I am delighted to reconnect with my past business coaching client, now successful entrepreneur Steven Mirtschin. Leaving a successful banking career to back himself in business, Steven now leads over 13 businesses and a team of over 150. Over 15 years, Steven has successfully scaled a combination of franchise-based businesses in the fitness and hospitality sectors. He has sought out team members and others to partner with, created immense opportunities for those within his team, established a small business empire that delivers first-class service to those he serves, and proven results for all involved. There are so many insights to come from this discussion. For me, Steven shows us that successfully scaling up in business requires: a shift in mindset from an operator to manager and strong leader; a long-term commitment to a clear and compelling vision; constant adaptation to your business model

You don’t achieve greatness without first being a very special individual.   In this episode, I am pleased to introduce to you Aussie sporting icon Trevor Hendy, renowned as the greatest ironman on earth.   A former professional athlete having won six Australian Open Ironman titles and four consecutive World Ironman titles, Trevor has become a coach, role model, teacher and mentor to sporting and business elite across Australia and worldwide.   Now a member of the Order of Australia and an inductee into the World Surf Life Saving, Australian Life Saving and Australian Sporting Halls of Fame, Trevor has become as revered as much for the impact he has made to helping people live their best life, as he has as a sporting great.   What I love about Trevor is his openness and his willingness to share his experiences, his successes and challenges, in his heart-filled intention to selflessly serve others and teach those he connects with how to find calmness, contentment, presence, fulfilment and joy in our lives.   I

We all now know that safety on-farm is an important issue. We also know that most farm businesses have more to do in this area, and it is pleasing to see so many farming families prioritising farm safety as a core part of the business improvement strategies.   SafeAg System is presently leading the way in helping farming families create safer and more professional workplaces; their App & offering are now in place on over 15,000 farms in Australia and overseas.   What I like most about SafeAg Systems is that their solution also helps farm teams operate more effectively AND be safer. Their platform caters for machinery maintenance scheduling, inventory management, human resource management, contractor management, on-farm communications and systems improvement, AS WELL AS safety practices. This App solves a real business management and HR problem for farming businesses, large and small… almost as if a safer farm becomes the outcome.   For more information, click here: www.safeagsystems.com   In this episode,

I have always been intrigued by Rabobank as a business.   A 120-year-old Dutch cooperative founded by farmers for farmers, now a global sensation specialising in agribusiness lending from over 1,000 offices across 38 countries, serving over 9 million customers... I think their Australasian Team are to be commended on the passion, dedication and quality support they provide to farming families across our region.   Just as interesting is the fact that their global research team spans over 140 leading analysts… all focused on finance and agri-markets… imagine the intelligence and insights available on navigating our local and international trading landscape!   In this episode, I am pleased to welcome Stefan Vogel, General Manager – RaboResearch, Australia & New Zealand, to our podcast.   I knew this would be a compelling conversation… but Stefan’s commentary and global perspective completely exceeded my expectation in so many ways.   Thank you, Stefan, for your openness and your insight as we explore:   glob

For many, the last few years have been unique and positive – resulting from low inflation, low-interest rates, above-average commodity prices and above-average production.   Now, our current reality is very different.   We will likely see an extended period of increased inflation, increasing interest rates and softening commodity prices. In addition, from a production standpoint, there is talk of El Nino weather patterns ahead…   The question we should ALL be asking is: Can my farm business model handle this new reality?   In this episode, I call on the “Brains Trust”, inviting Farm Owners Academy Co-Founder Greg Johnsson and Executive Director at RLS Agribusiness Jeff McDonald to join me to explore this question in detail.   We discuss the importance of:   knowing your numbers; presenting proactively to your bank; developing a compelling economic model for your farm; stress-testing your farming system based on long-term average yield & prices; knowing your ‘new’ cost of production; and being financially

At Farm Owners Academy, we help farming families create FREEDOM FARMS – that is a highly profitable business with the systems, structures, team AND performance to be able to work without dependence on you! As a team, we feel proud of the results that hundreds of farming families are achieving in their pursuit of this reality. Over the coming months, I will share some of these outstanding stories with you.   In this episode, I speak with Marina Gregor, who, along with her husband Brett, run a high-performing wool sheep enterprise ‘Willandra’ on Kangaroo Island, about their journey to create a FREEDOM FARM. We explore the wins, challenges and numerous changes they have made along the way as well as how the FOA Community & Team have helped them. We also explore how benchmarking, budgeting, a shift in mindset and business coaching have helped them drive the performance of their farm and build out their business and on-farm team.   Eight years ago, Marina and Brett set down a Big, Hairy, Audacious Goal (BHA

In life, we have the opportunity to meet some remarkable people. Those individuals are often quietly determined to serve others and make a meaningful impact.   I met Mike Stephens, Founder & Chairman of Meridian Agriculture, as an overly enthusiastic and bullish 25-year-old. I have regarded him as a role model and mentor ever since.   One of Australian agriculture’s truly great personalities, Mike has dedicated his career to farmers, to families getting on and to effective farm succession. Two and a half years ago, he completed the largest piece of research into farm succession globally. The insights from this are significant, and Mike shares some of them with us in this interview.   Combined with this is Mike’s incredible ability to communicate and facilitate. As others committed to helping with succession, the depth and accuracy of the questions he asks of individuals and families and the process he takes you through to optimise a succession outcome for you is deeply impressive.   Mike and his team at M

So many farming families I meet feel completely REACTIVE in managing their farms. On so many levels, we often are left feeling like the business is running you, not you it. With all that is going on in a typical week, the long list of improvements to make, the complexities of programs and rotations, the changes of the season… for me, it is easy to see why so many arrive here.   One of my favourite quotes is from global personal performance expert Brian Tracy:   “We feel good about ourselves to the exact degree we feel in control of our lives.”   Three questions for you:  Are you feeling reactive or proactive in your leadership? Out of 10, how much control do you feel you have over the improvement of your plan? Out of 10, how aligned are your family & team to a common goal and clear plan? In this episode, I speak with Farm Owners Academy CEO Sam Johnsson. Sam commenced with us two years ago, following a highly successful corporate leadership career in a large design & engineering consultancy.   In thi

  Technology can be pretty incredible. With its exponential advancement, there is no doubt we are on the cusp of unprecedented change on-farm and across our industry.   Our game is rapidly changing, allowing us to achieve much more with much less.   For me, our future is very exciting. In this episode, I invite you to join me and an audience of 350 progressive, growth-oriented and passionate farmers at one of our Deep Dive conferences (usually exclusively for our Platinum Mastermind members).   In this, Matthew Prior (Managing Partner – Tenacious Ventures) and I interview the impressive CEO and Founder of SwarmFarm Robotics – Andrew Bate. Based on-farm near Emerald in Queensland, Andrew and his family run a highly efficient, large-scale broad-acre cropping operation. In 2012, as a ‘side-hustle’ to their farm, SwarmFarm Robotics was created. Now, some 13 years later, this incredible Ag Tech business employs over 25 staff and is firmly placed as one of the pioneers and world leaders in Autonomous Vehicle

Throughout each year, I value the opportunity to invite our Investment Specialist Terry Tran to join us on Profitable Farmer.   With rising inflation, increasing interest rates, ongoing supply issues and softening commodity prices we are potentially entering a new agri-economic landscape, different from all we have experienced in recent years.   In this podcast we explore how Terry sees the investment landscape at this time. We discuss the important of being proactive and creating diversification with a strong, well-structured, risk-aware off-farm investment portfolio, especially on the back of strong on-farm results.   We discuss in detail Terry’s investment philosophy, his track-record, and how he helps hundreds of farmers and investors across Australia to learn important, value-based investment skills, then take control of their investment portfolios.   Importantly, we explore Robert Kiyasaki’s Cashflow Quadrant (from the book ‘Rich Dad, Poor Dad’) and how each of us can create more wealth with a move over

It is so easy in this game to constantly put in massive hours, ensure everyone around you has what they need, and focus intently on getting the job done. An extended finish, a challenging season and ALREADY the urgent requirement to get set to ‘go again’… I hear of many farming families feeling they must sacrifice their holiday plans to stay on top of production imperatives. Right now, it is critical we stop, take stock, and be reminded of the importance of putting ourselves first. Following a cracking session with Andrew Roberts last episode, I am delighted to invite Farm Owners Academy’s Director of Well-being and Mindset Specialist, Tracy Secombe, to once again join me on the Profitable Farmer Podcast. In this episode, we explore: what is well-being, and what are the key elements; the importance of well-being for each of us; how we can make this a priority, even in intently busy times; and the significant impact this can have on your overall ability to function, lead and succeed. We also discuss three val

So often in this game, we attend only the training put on by the R&D extension agencies or free events by our advisers. So often, we wait for a grant to become available before we commit to a course, or we focus on improving our skills ONLY when there is a subsidy or sponsorship toward the funding of it.  My point is: So many farmers don’t invest enough in themselves! In this episode, Andrew ‘Robbo’ Roberts (Farm Owners Academy Co-Founder) & I re-connect and focus on the impact of making a significant investment in your own development. We reflect on how a commitment of $25,000 toward a business coaching certificate changed everything for each of us. In farming, we will buy flashy cars, new Utes and all the plant & equipment we might need, yet neglect one of the single best investments we can make! In this episode, Robbo & I explore the following: the importance of investing in ourselves; why people don’t do this and what this can mean; why people can be closed to learning new concepts &a

There are some genuinely impressive Australian stories of entrepreneurial success in our industry — true, unsung, modern examples of courage, initiative, determination and pioneering.   For me, Dwain Duxson and the Farm Tender story is one of those.   Founded in March 2012, Farm Tender is Australia’s pre-eminent online buying and selling marketplace for farmers and associated agricultural companies, facilitating sales of grain, hay, farm machinery and agricultural equipment.   With over 62,000 farming members, Farm Tender transacted sales of over 100 million in the 2022 calendar year, providing a valuable, efficient, dependable service to our industry.   Success like this doesn’t come easy. Achievement of this sort follows countless mistakes, multiple failures, immense effort and sheer determination.   From humble farm beginnings to real momentum in the online, two-sided marketplace space, Dwain and his team offer us inspiration as to what is possible when as business leaders, we see a small opportunity, comm

We are excited to be kicking off our first podcast of 2023, we hope everyone had a wonderful Christmas and New Year break. May 2023 be your best year yet!   One of the great things about this time of year is friends dropping in on their holiday travels.   There truly is nothing like old friendships. Whilst visiting us, I am delighted to once again welcome great mate James Kelly to our podcast. As Managing Director to Alchimie Management Consulting, James and his team dedicate much of their focus to helping high-performing teams overcome communication challenges and aligning executive teams leading major construction and corporate projects.   The other great thing about this time of year, is the opportunity to reflect on the season just gone, and then dedicate real time to setting down the plan for the new year.   In this podcast, and over a coffee, he and I explore the importance of planning, and the keys to aligning a team to a common plan.   At FOA, we recommend getting off-site for ideally two full days, w