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Profitability

At Vanguard we know farm profit is important.  This is what supports the family farm business goals for expansion, reducing debt, investment back on the farm or off the farm or for paying for childrens’ education.

Farm profit needs to be a part of each family farm business goal.  The On Track Financial Indicators (benchmarks) are gathered each year from family farm businesses.  This information gives us a good handle on the key drivers of profit.  We help families to clarify how much profit is needed and assist in shaping their business to achieve this target profit.  Farm profit and viability is too important to leave to chance.

We use the on Track Financial Indicators to check the performance of the business over time and to clearly identify areas of business strength and areas in which the business can improve.  We work with each family to create an action plan which is supported by a yearly coaching framework to make sure each business is focused on the things that will make a difference throughout the year.

Our focus is not just on business and profit performance, but includes the work/life balance and environmental performance of the enterprise to ensure a truly resilient business is created.  This Holistic Management approach sets us apart from traditional agricultural consulting businesses which often focus only on business performance.

Balance is important.

Business Resilience:

We recognise that farm businesses of the future need to be able to prosper in times of climate change and uncertainty.

Each farm business is judged against the six Vanguard Business Resilience criteria;

• Flexibility
• Simplicity
• Control Points
• the Mindset of the Decision Makers
• Work/Life balance
• Quality of Relationships.

This helps us to create harmonious and prosperous farm family businesses which are improving their land health each year, regardless of rainfall.

Contact us if you would like to work with us on improving your farm profit or would like to improve your business resilience.

QUOTE

“The On Track farm financial Indicators are the best thing.  We get to look at input costs, and how we might need to look at spending not so much in certain areas and more in other areas, and where our dominating income comes from…it puts us more in control of the business”
Client, Northern NSW