25 June 2025
Regional Area Manager for North Queensland, Angelo Rigano's monthly agribusiness tip
Sustainable farms in North Queensland all have one thing in common: good financial health.
Financial health is not only important to overcome agricultural challenges such as disasters and market fluctuations, but also to leverage opportunities like innovations.
Here’s my five tips to help you foster financial fitness for your operation:
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Undertake a comprehensive financial assessment: Fully understand your financial situation including your immediate cash flows and how they fluctuate seasonally to ensure you are efficiently managing your resources.
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Assess your risk management: Ensure you have a robust approach to managing climate, economic, business and marketing risks through strategies such as crop diversification and technological adoption.
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Apply for financial assistance programs: Apply for any government subsidies, grants or loans that your operation may be eligible for to ease the financial pressures of on-farm investments. For example, QRIDA’s concessional First Start and Sustainability Loans can help primary producers establish, grow and expand their operations.
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Gain professional advice and education: Stay informed through ongoing education and use expert industry and market advice to guide critical decisions such as seasonal cashflows, tax planning and investments.
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Create a business strategy: Produce a long-term strategy to future-proof your operation and factor in important considerations such as succession arrangements and the integration of innovative farming techniques.
By following these five steps, you can foster a more financially fit operation and set your business up for success in North Queensland's dynamic agricultural sector.
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