1 July 2025
With the agricultural landscape constantly changing, having a clear understanding of one’s finances is essential. Market fluctuations, changes in weather patterns, and shifts in consumer demand can significantly impact farm operations.
As primary producers prepare for the 2025-26 financial year, engaging with QRIDA’s Farm Business Analysis Assistance (FBAA) program can provide critical insights and help to enhance their business strategies.
The FBAA program is a valuable resource designed to support producers experiencing financial difficulty in evaluating their current financial position and planning for the future through an independent review of their business.
Manager, Farm Debt Restructure Office, Daniel Elder emphasises the importance of early engagement.
“Farmers who take proactive steps to address their situation through professional means can generally create or preserve goodwill or equity in their banking relationship. Waiting until problems manifest not only limits time and potential options but increases stress,” he said.
Eligible applicants will receive skilled guidance, helping them to promote their strengths, understand past weaknesses, and investigate recovery for their farming business.
By taking advantage of this program, farmers can ensure they are well-equipped to navigate the upcoming financial year with confidence.
“Understanding your business cycle is key to producing a usable cashflow. Many producers have difficulty producing these understandably because of political, climatic and market variabilities.
“The truth is that many business cycles in agriculture can take three to five years to complete. I have seen broadacre farms which have a seven-year cycle that will transverse many instabilities. This is why so many have trouble producing a 12-month cashflow.
“The use of long-term averages and sensitisation to pricing and capacities is also pivotal in building your projections. The FBAA program equips farmers with knowledge to make informed decisions.”
“Every farm is unique, and tailored guidance can make a substantial difference. It’s crucial to leverage available resources to ensure your farm business has a viable financial future,” Dan said.
For more information visit the Farm Debt Restructure Office webpage or call 1800 623 946.
