Dairy, beef and sheep farmers are all enjoying strong returns right now – but as every farmer knows, the good times don’t last forever. In this episode, Federated Farmers dairy chair Karl Dean shares practical advice on how to turn today’s profits into long-term security.
Karl explains why reducing debt should be front of mind, what types of on-farm investments make sense, and how to balance reinvesting with putting money aside for future downturns. He also touches on succession planning, the importance of sitting down with your bank or accountant, and the risks that could knock farmgate returns off course.
You’ll hear what farmers can do today to make the most of strong prices, strengthen their businesses, and prepare for the inevitable cycle ahead.
Other podcasts you might like:
How farmers can unlock better banking deals | EP 52
Bridging the farm ownership gap with Sarah How | EP 41
More than tax: the benefits of a good rural accountant | EP 29
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