Farm Gauge
Farm Gauge

Financial

Financial

There are 12 questions in this section and it should take around 5 minutes to complete. 

Start Questions

Financial management enjoyment

1.

1. Do you enjoy the financial aspects of running your business?

Feel in control

2.

2. Do you feel in control of your farm finances?

On track to achieve goals

3.

3. Will your current financial performance enable you to achieve your future goals?

Equity growth expectations achieved

4.

4. Has your equity growth over time been up to your expectation?

Surplus cash

5.

5. Is your business generating enough cash to cover expenses and enable debt reduction or new investments?

Breakeven milk price calculated

6.

6. Do you know what milk price is required to breakeven?

Key Performance Indicators (KPI's) used

7.

7. Do you have key measures and targets (KPIs) for the financial performance of your business?

Operating profit

8.

8. How does your Operating profit (per hectare, per cow, per kgMS, margin), or similar KPI, compare to similar farm businesses?

Debt level is suitable

9.

9. Do you feel your debt levels are appropriate in relation to current business performance, stage of business and personal risk appetite?

Investment analysis process used

10.

10. Do you have a process for evaluating on-farm or off-farm investments options e.g. debt reduction, farm infrastructure?

e.g. feed pad, land purchase, etc.

Cashflow budgeting

11.

11. Do you have a monthly cashflow budget that you update with actual monthly income and expenditure?

Knowledge and skills

12.

12. Do you and your team have the knowledge and skills to get the results you want/need with the financial management of your business?