# 157 - Business Model, Scaling, Benchmarking, and Navigating Tough Times with Sam Johnsson

As we near the end of another whirlwind year, it’s a chance to reflect, reset, and recharge. The festive season brings its own flurry of busyness, but before we all step into some well-deserved downtime, I wanted to bring you a conversation packed with insight and inspiration to help you wrap up 2024 with purpose and head into 2025 with clarity. In this episode, I’m joined by Farm Owners Academy’s CEO, Sam Johnson. Together, we dive deep into the year that was — exploring the highlights, hurdles, and lessons learned across our farming community. We unpack practical ways to stress-test your business model, navigate challenges like rising interest rates and tough seasons, and build resilience into your farm and family operations. We also delve into the important interplay between scale, gearing, and business model and how to assess your farm’s performance against several critical measures. Sam shares a special reflection on his personal journey this year, showing how resilience isn’t just a business strategy but a life skill, too. We also celebrate the incredible work of the FOA team — our analytics professionals, coaching leaders, and operational champions — who have supported farming families across the country to benchmark, plan, and grow stronger farming businesses. Thank you, team, we are so grateful for the dedication and ‘above and beyond’ support you consistently provide to our members and community. Whether you’re looking to refine your vision, strengthen your business, or just find fresh motivation for the year ahead, I hope this episode will help in some way or another. So grab a cuppa, or keep the tractor running, and join us for a conversation that could set the tone for your best year yet. Thank you for tracking with us this year. Wishing you a very Merry Christmas and festive season. Hutch and the Farm Owners Academy team. P.S. If you know someone who would make an excellent guest for the Profitable Farmer Podcast, you can nominate them by providing their name, contact details and an outline as to why you feel they’d be a cracking guest by emailing us at support@farmownersacademy.com Resources mentioned in the episode: Complimentary Coaching Call: If you would like to find out more about our Platinum Mastermind – business coaching and mastermind program – and whether this is a good fit for you and your business, you can book your one-on-one coaching call with a member of our business coaching team here. Book your call today. Cash Flow Optimiser: This short course is designed to help make your financial planning more straightforward and effective. Discover how to turn your farm into a highly profitable business by choosing the right model, leveraging the Profit First Farm Business Model Analyser Tool, and mastering accurate forecasting. Uncover the seven steps to effective business model forecasting (BMF), the difference between budgeting and forecasting, and equip yourself with strategies to benchmark, stress test, and project cash flow with precision. Plus, gain invaluable insights from bonus training and real-world case studies that show what it takes to thrive, even in tough seasons. Check it out here. TOP Producers Program: If you are ready to elevate your farming operation to unprecedented levels of productivity and profitability, the TOP Producers 2-day workshop is designed specifically for forward-thinking Australian farmers like you, who are motivated to scale up, earn more money, and run a better farm business. Discover innovative ideas, practical strategies, and the latest insights, all tailored to the unique challenges and opportunities of Australian agriculture. We have two events in 2025, attend virtually or in person – dates and locations here. Ultimate 2025 Planning Guide: this FREE planning guide is here to help you refocus, set meaningful goals, and build a clear plan for a more profitable, sustainable farm business. Reflect on 2024, follow along with templates and tools to help you set up for an incredible 2024 and ensure you start the new year with clarity, purpose and control! Download your free guide here.