#105: The Real Risk Isn’t Being Wrong — It’s Being Slow with Mark Ferguson - Think Agri

What’s holding your family business back — being wrong, or being too slow to change?

In this energising conversation, Ben Law sits down with Dr. Mark Ferguson — sheep genetics expert, CEO of Next Gen Agri, and host of The Head Shepherd Podcast — to explore why the greatest risk in ag today isn’t failure... it’s inertia.

From the paddock to the boardroom, this episode cuts through the fluff and tackles the hard truth: the families that thrive are the ones who fail fast, think curiously, and adapt quicker than the rest. It’s not about having all the answers — it’s about asking better questions, challenging old assumptions, and staying ahead of the curve.

You’ll learn:

• Why “slow to act” is deadlier than “wrong to act”
• How a curious mindset can compound your results
• The role of confirmation bias and how it traps even good operators
• Why your next generation may be your best untapped asset
• The power of asking dumb questions and staying open — no matter your age or experience

Whether you're managing millions in livestock or just starting to hand over the reins to the next generation, this episode is a wake-up call to stop waiting — and start evolving.

Hit play. Then share it with someone who needs a nudge to think bigger, act sooner, and lead smarter. 

One thing I’ve noticed after working with successful families for over 20 years?

They find a way to surround themselves with other driven, switched-on families.
 They don’t leave it to chance — especially when it comes to their kids.

Because deep down, they know this:
You become who you mix with.
And so do your children.

That’s why I created the High Performing Families Accelerator —
 A private mastermind group for families who are still growing

You’ve built a serious business — scaled, profitable, and something to be proud of.
 But here’s the question: what happens next?

If your kids are now in their 20s and you’re 5 to 10 years from stepping back, this is the moment to get everyone on the same page — before decisions get forced on you.

That’s exactly what we’ll help you do at the High Performing Families Roadmap Workshop — back this October by demand.

In two days off-farm, you’ll create a clear 10-year fam

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Ben spent over 20 years working with successful business owners and farming families which allowed him to unearth the timeless principles on how to successfully grow, protect and maintain wealth.

If you want to learn the principles of how to grow your family’s wealth throughout the generations, then you might consider joining The AgriCoach Podcast each fortnight for more Wealth & Wisdom.

Disclaimer: The information contained in this podcast is general in nature and for education purposes only. It is not financial advice. It is not legal advice. No one should act on the information without appropriate specific advice for your particular circumstances. Ben Law is a former financial advisor but is no longer licensed and cannot and will not give you specific or personal advice in this podcast. The Financial Bloke Group Pty Ltd accepts no responsibility for any loss or damage occasioned by any person acting or refraining from action as a result of reliance on the information in this podcast.

https://thefinancialbloke.com.au/