Farms Advice Podcast17 Apr 2024

Carmen Quade: "Know your numbers and what they mean". Improve your office skills and it'll change your outcomes on farm.

In this Farms Advice episode, Carmen discusses the importance of budgeting and forecasting in agricultural businesses. She highlights the gap in business skills among farmers and the need for training in areas such as finance and administration. Carmen emphasizes the significance of succession planning and setting long-term goals. She also provides insights into the power of the family farm office and the different types of budgets that can be used. Carmen shares advice on improving budgets and recommends tools for budgeting and forecasting. She concludes by sharing the best piece of farm advice she has received and offers her own advice to listeners.

Chapters

00:00 Intro

03:13 Identifying the Gap in Agricultural Business Skills

06:24 The Importance of Succession Planning

08:50 Setting Goals and Dealing with Market Volatility

12:40 Unlocking the Power of the Family Farm Office

15:47 The Importance of Budgeting and Forecasting

18:08 Different Types of Budgets

21:28 Improving Budgets and Timeframes for Review

27:30 Accounting for Mishaps and Unexpected Events

29:42 Valuing Yourself as a Farmer

33:39 Tools for Budgeting and Forecasting

42:17 Best Piece of Farm Advice

43:14 Advice to Pass On

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Visit Carmen at agrifocused.com.au

Follow Carmen on Twitter where we met too. Mention Farms Advice when you connect

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