Profitable Farmer13 Mar 2019

# 24 - How Tim & Cheryl are creating a Freedom Farm

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:

Their 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.

P.S. Whenever you’re ready...here are 4 ways we can help you grow your farming business:

1. Attend to our free online training - "Nail It Then Scale It. Take Control of your farm today, and become the profitable business owner you deserve to be!" We will show you how we help farmers become 200% more productive every month by becoming laser focused and highly-organised business owners - click here to grab your seat.

2. Join the Farm Owner Academy’s closed Facebook group ‘Profitable Farmer’ 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.

3. 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.

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