Farming can be challenging enough, particularly if you do not have the right partners in your business

 

Agribusiness is unique. There are few other types of business that rely on living produce, whether it’s crops or livestock. That makes farm accounting more complex than other businesses when it comes to assets, liabilities, costs and revenue.

Our knowledge of the entire agribusiness supply chain, from grower to retailer, allows us to identify areas where we can increase efficiency and deliver solutions to help your agribusiness thrive.

We work closely with our clients and with those in the industry, bringing ideas and evaluating opportunities. We share best practices stemming from our involvement in the agribusiness industry, including accounting procedures, tax strategies, investment opportunities and staffing needs.

We advise businesses and private individuals on a full range of services. Where we do not have the necessary experience or expertise, we will know someone who has. We have established a strong network of other professional advisers to whom to entrust our clients.

 
 

  • We work with farm owners to simplify farm accounting, which gives you better information that improves decision-making and reduces costs. We also legally minimise tax and keep you sweet with the ATO.

  • Performing due diligence is a necessary step involved in buying or investing money into farmland or any agriculture business. The process serves to validate the details and information given by the vendor or investment partner. It also helps to ensure your decisions are made with full knowledge of any and all issues, risks, or other potential outcomes.

  • Succession planning for the family farm can be highly complex and emotional. The retiring family members have likely invested significant time and money into the property, and it can be hard to let go. The disconnect between the wants and needs of adult children can also be substantial, particularly when there are on and off-farm kids. Even when all the children are on-farm, they may have differing visions for the future and their role in it.

  • Farm diversification is common to rural landowners across the developed world. Within Australia, diversification is promoted as a system to build economic resilience for farming families. Over time, the diversification enterprise may overtake and replace the original core business.

  • Grants can help unlock new growth or opportunities, but applying for them can feel like the opposite! If you’re facing a grant application but don’t know where to start, find writing too time-consuming, or don’t think it makes good business sense for you to spend time on, we can help with your application.

  • Primary producers are provided with special tax concessions due to the nature of their business. The tax system includes special provisions to help you, as a primary producer, manage your tax affairs when your income varies substantially from year to year.

  • One of the key challenges is planning for hard times and managing cash flow. Looking at the options of debt reduction, capital investment, tax planning and making sure there is a bit leftover for personal reward as well.

  • The Australian agricultural industry is undergoing rapid technological advancement, with an array of new innovations available to farmers to assist them in driving their businesses forward. It is often difficult to understand what is the right technology solution for us, particularly with so many options available.

  • Access to finance is essential for any business. For agribusinesses, a successful finance application relies on demonstrating that you know your business.

  • A good farm business plan is your roadmap to start-up, profitability, and growth. Your business plan will be a living document that you can change as your vision and circumstances shift.