Carmen Quade: "Know your numbers and what they mean". Improve your office skills and it'll change your outcomes on farm.
Description
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
Follow the podcast
@farmsadvice Instagram
@cressy__ Instagram
Visit Carmen at agrifocused.com.au
Follow Carmen on Twitter where we met too. Mention Farms Advice when you connect
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