As the autumn break hits most of Victoria, we can’t help but wonder if we will continue to hear the sound… pitter, patter… pitter, patter.
The current uncertainty of the weather pattern has people starting to feel the pinch. Should we be dry sowing? Do we buy in another load of hay? Containment feed? Or do we off load those wethers to reduce the stocking rate? Are we a calculated decision around our options?
If there one thing we hear about when it comes to budgeting it is, ‘What’s the point? It’s farming, it’s unpredictable, and forever changing.’ Well you’re right, farming is all about timing, opportunity, organization and usually an element of luck & weather watching.
Consider budgeting another way. How do we measure our successes if we choose not to pen nor monitor it?
A budget isn’t something you do & forget about it for the next 12 months. It’s also not something you should do just because the bank has requested it. Do it for you, your family and your business.
Budgeting allows you to see your financial improvement. This is different for everyone, whether it’s net profit, gross margin per hectare, lambing percentages or return on equity. By budgeting, it gives you the opportunity to collate the historical details of your farming practices. It will show the successes and failures of past seasons or decisions and perhaps form a manual of sorts for the next generation. This is a way to measure & celebrate your success.
It’s times like these where uncertainly grows, we can help you. Because, we get to know you, your family & your business, our clients become more to us. They become our friends as this process gives us an understanding of your world. When times start to look or feel a little harder than normal, we are here- we can help put some certainty around your situation with your numbers.
Rachael Trickey is a Partner and Agribusiness Consultant at Mulcahy & Co Agri Solutions and can be contacted on 0401 645 968 or firstname.lastname@example.org
Bronte Gorringe is an Agribusiness Consultant at Mulcahy & Co Agri Solutions and can be contacted on 0401 882 374 or email@example.com