Shows
Commodity ConversationsSeeding Success at Tax Time - 9th June 2023This week, the Mecardo team is joined by John Gibson, Director of ProAdvice to discuss the upcoming end of the financial year. We discuss family farm finances including new changes to be aware of and other strategic planning opportunities growers can focus on.
2023-06-0918 min
evokeᴬᴳ⋅Empowering farmers to shape their futureScience and technology, coupled with an investment in skills and capability, need to be harnessed to empower farmers to shape the future of natural capital management and environmental reporting. This episode considers the innovation needed to enable natural capital to be treated as a factor of production in agriculture. It also explores the potential benefits and opportunities that can flow from investment in this. Recorded live at evokeAG 2023 the discussion is facilitated by Chris Scheid, Director, ProAdvice, and includes Jen Barwick, National Climate and Nature Coordinator, Pew Charitable Trust, Dr Daniel Gregg, Founder and Principal Economist, Heuris Pt...
2023-06-0741 min
ProAdvice Podcast - Balancing people, profit and the environmentAgriculture in the Netherlands - what are the key insights for Australian AgricultureA conversation with Melle Nikkels from the Netherlands with key insights for what could be on the horizon for agriculture in Australia.
How is farming different in the Netherlands compared to Australia?
What are the key issues facing agriculture in the Netherlands especially when it comes to balancing food production, population, climate change and the environment?
What do the terms positive externalities, nature inclusive and circular agriculture mean?
What uncertainties should be considered when farming in the Netherlands and are they the same or different in Australia.
2023-02-2723 min
ProAdvice Podcast - Balancing people, profit and the environmentThe Federal Budget - What is in it for you?A conversation with John Gibson discussing the federal budget as well as some other timely reminders
Flood relief and Director ID
General overview of the budget
What is in it for business?
What is in it for individuals?
Other spending
Key takeaways
2022-11-0317 minProAdvice Podcast - Balancing people, profit and the environmentWhat is new with STP2?A conversation with Marilyn Williams preparing you for the transition to STP2:
What has changed from STP phase 1?
What is required from an employers perspective?
What are the benefits for employers?
Why is STP transitioning to STP2?
When is STP2 starting?
What to do if you need help?
2022-10-2417 minProAdvice Podcast - Balancing people, profit and the environmentThe benefits of travel and self educationA conversation with Lachlan Polkinghorne discussing the benefits of travel and attending conferences. Attending conferences provides many benefits such as:
An opportunity to reset
Provide some different perspectives and challenge your own thinking
Affirm your own views
Networking
Develop skills in leadership and self improvement
2022-08-0814 minProAdvice Podcast - Balancing people, profit and the environmentLeading in uncertain timesA conversation with Clinton Peake regarding leading in uncertain time. Clinton provides some useful insights gained over a lifetime of leadership roles on the sporting field and in business. He provides some tips regarding what leadership needs to look like at the present time:
Start with strategy
Be nimble with your tactics
Be inflexible with your destination
Be patient with you explanations
Celebrate along the way
2022-08-0214 minProAdvice Podcast - Balancing people, profit and the environmentProNet Conference Keynote Taster with Rob EdwardsA discussion with Rob Edwards regarding his keynote presentation at the upcoming ProAdvice ProNet Conference from 24-26 August in Daylesford Victoria. Rob will talk about how to look after your most valuable asset - yourself. He will also discuss how small, consistent actions, can make the biggest difference to your long-term performance and the quality of your life, both personally and professionally. Rob will also teach us how to set goals that really matter as well as providing some tips to improve your group presentation skills. To book, follow the link below:
https://www.proadvice.com.au/#pro...
2022-07-0612 min
ProAdvice Podcast - Balancing people, profit and the environmentA profitable farm business by your designA conversation with Chris Scheid regarding designing profit in your business rather the profit being a default outcome
Why do we need ot design a profit?
Is calculating profit in the past useful?
What changes are required?
What metrics should be considered to assess profitability?
2022-05-2711 minProAdvice Podcast - Balancing people, profit and the environmentGetting Ready for Tax PlanningA conversation with Jarrod Lundie from ProAdvice regarding what is required to get the most from Tax Planning with your accountant from a clients perspective.
Get the books up to date
Provide a forecast for expected income and expenses for the remainder of the financial year
Provide an indication of livestock / crop on hand
Include a summary of the key business and strategic priorities for the business moving forward (growth, succession, consolidation, other)
Keep in mind issues regarding plant and equipment supply delays, instant asset write off eligibility, super contributions and Div 293, Section 100A trust distributions, FMD's...
2022-04-2006 minProAdvice Podcast - Balancing people, profit and the environmentFederal Budget 2022 - A Quick ReviewA conversation with Jarrod Lundie regarding the recent Federal Budget. Items of interest include:
Temporary increase in the low and medium income tax offset
Temporary reduction in fuel excise
120% tax deduction to train and upskill employees
120% tax deduction to boost technology investment
Primary producers - concessional tax treatment for carbon abatement
2022-04-0408 minProAdvice Podcast - Balancing people, profit and the environmentSuccession - An alternative but complementary perspectiveA conversation with Lachlan Polkinghorne providing some additional perspectives on succession planning:
Succession or transition?
How to come to a consensus when dividing the asset base?
Additional tactics and observations
What are some stereotypes?
What is usually missing from the process?
Why is it useful to engage and external facilitator to work through the process?
2022-03-2421 minProAdvice Podcast - Balancing people, profit and the environmentThe dos and don'ts of land leasingA conversation with Lachlan Polkinghorne discussing the dos and don'ts of land leasing. In this episode, we will cover the following:
- Key concepts when negotiating a lease
- Where do most lease go wrong?
- How do you set a fair and reasonable price for a lease?
- How do you asses the returns?
- How to make the lease work from a lessors and lessees perspective?
- Other considerations that have historically worked well?
2021-10-2924 minProAdvice Podcast - Balancing people, profit and the environmentThe Dirty DozenPulling apart the 'Dirty Dozen' attributes and strategies of a successful farming business with Mark Morton:
1. Clear and communicated vision
2. Established key performance metrics to measure success
3. Position descriptions, roles and responsibilities
4. Governance process in place
5. Risk planning
6. Defined organisational capability
7. Lead indicators in place and the ability to report on them
8. Understand solvency
9. Reporting process in place (balance sheet, cash flow, profit and loss, trading accounts)
10. Technology plan
11. Proactive management of succession
12. Policies in...
2021-09-2729 minProAdvice Podcast - Balancing people, profit and the environmentA lenders perspective with refinancingA conversation with Judd Smith from ProAdvice regarding refinancing from a lender perspective:
What are the ingredients of an ideal client from a lenders perspective?
What to and what not to include in a finance proposal?
What value proposition can a bank provide additional to the interest rate offered?
2021-09-1622 minProAdvice Podcast - Balancing people, profit and the environmentSTP Finalisation - what you need to know.A conversation with Marilyn Williams discussing STP finalisation.
What is STP finalisation?
Why do you have to do it?
STP troubleshooting and tips
When is it due?
What are the steps to reconcile year end payroll and finalise?
2021-06-2311 minProAdvice Podcast - Balancing people, profit and the environmentTimely tax planning reaps rewardsA tax planning refresher with John Gibson discussing the key themes.
- What is tax planning?
- Where do you start?
- What information is required?
- What options are there managing a surplus?
- What should the decision be based on?
2021-05-1312 minProAdvice Podcast - Balancing people, profit and the environmentDo you manage your inbox or does it manage you?A conversation with Jane Chopping discussing some tips and suggestions to assist with managing your inbox and document filing systems.
2021-04-2319 minProAdvice Podcast - Balancing people, profit and the environmentQ&A with Cody and JohnA short episode discussing some responses to a few questions from the listeners:
Structuring of a business – corporate vs family business – what to consider?
What is tax planning and when is the best timing?
Depreciation - how to make best use of current concessions without setting a future tax trap?
Monetary policy and the macro effect on commodities?
How to realise profits out of your business during a good year?
How to change accountants?
2021-02-2322 minProAdvice Podcast - Balancing people, profit and the environment2020 - A year in reviewA quick review of 2020 which has certainly provided many items of interest for discussion and analysis. Some key themes for agriculture for the year include:
Improving rainfall conditions in Eastern Australia
Strong livestock commodity prices
Improved grain yields
Good adaptability and resilience from ag sectors in managing uncertainty and risk due to the pandemic
Continued strong land prices and demand
2020-12-2108 minProAdvice Podcast - Balancing people, profit and the environmentAutomating the OfficeA conversation with Bronwyn Walker from ProAdvice discussing developments in the technology area to assist with creating an automated office.
In this podcast we discuss the following:
What are the main processes and functions that can be automated?
How have these processes been completed historically and what are some current solutions?
What have been some of the technological developments that have enabled automation?
What other processes could be automated moving into the future?
2020-11-3030 minProAdvice Podcast - Balancing people, profit and the environmentCryptocurrencies and Bitcoin - What you need to knowA conversation with Cody Townend from Proadvice discussing cryptocurrencies and blockchain technology and what applications there may be in agriculture.
What is a cryptocurrency?
Advantages and disadvantages
What is Blockchain?
Application in business generally
Applications in agriculture
Other potential benefits
2020-11-0614 minProAdvice Podcast - Balancing people, profit and the environmentFederal Budget - what does it mean for you?A conversation with Clinton Peake and John Gibson regarding the recent Federal Budget.
Tax implications
Instant Asset Write Off
Trends in currencies, land prices and commodities
Global risks
The road ahead and how to navigate
2020-10-1619 minProAdvice Podcast - Balancing people, profit and the environmentThe risk of not considering riskA conversation with Clinton Peake from ProAdvice discussing the risk of not considering risk. In this episode we discuss the following:
How do you define risk?
What are the main sources of risk in business?
What can be done to manage risk?
Why should business consider risk?
2020-09-2808 minProAdvice Podcast - Balancing people, profit and the environmentRural land valuation trends - are we in a bubble?A conversation with Lachlan Polkinghorne discussing trends in the agricultural sector property market.
How is rural property valued?
What is driving the current trends in the ag property market?
What to consider when investing in rural property?
How do you work towards becoming 'land purchase ready'?
Are we in a rural asset bubble?
2020-09-1810 minProAdvice Podcast - Balancing people, profit and the environmentProNet Webinar Series - Week 4 - Commodity OutlookWith some unrest in the relationship of our major trading partner China, what does the future of the commodities markets look like? Rob Herrmann of Mecardo will share his views on the future of sheep meat, beef, grain, and wool. Other questions we have posed for Rob include:
· What has been the play out with historical global economic shocks in Australian red meat and grain markets?
· If there is a hyperinflation event as a result from government injection of cash into the system due to the global pandemic, will this be a good or a bad...
2020-08-271h 06ProAdvice Podcast - Balancing people, profit and the environmentSome useful tips when refinancingAndrew Beattie outlines the key issues to consider when it comes to refinancing.
What does a bank consider when lending to clients?
Does everyone with the same background get the same deal?
How to get the best deal from your bank?
Apart from the interest rate, what other items should you consider when comparing offers?
2020-08-2416 minProAdvice Podcast - Balancing people, profit and the environmentProNet Webinar Series - Week 2 - Economic outlook for investmentWith the world in the grip of a health pandemic and many economies struggling to the point of recession, what will this mean for our investments? Join Charles Gabriel from Morgans to hear his views on the future of global investments. Other questions we have posed for Charles include:
What will the Government and Federal banks injections into the currency and equity markets mean for the future?
How do people mange risk and return in investment strategies during these times?
What are some companies and sectors that currently look attractive?
What are some companies and sectors to avoid at...
2020-08-141h 01ProAdvice Podcast - Balancing people, profit and the environmentProNet Webinar Series - Week 1 - Returning to work on the family businessReturning to work on the family business
Lachlan Polkinghorne will facilitate a panel discussion with some next gen farmers on their decision to return to work in the family business. Even before the legal matters of succession are considered, how do people fit in and what lured them back to the family business as opposed to continuing in their careers?
The panel includes:
Jamie Taylor – After developing a career in Collins St, Jamie and his wife Georgie have traded coffee on Sydney Rd for life on ‘Warrambeen' located between Shelford & Rokewood in Victoria.
Jo...
2020-08-1449 minProAdvice Podcast - Balancing people, profit and the environmentRecord Keeping MattersA conversation with Marilyn Williams regarding the importance of keeping accurate and up to date records. During the podcast we will discuss the following:
What is record keeping?
How can financial records be stored?
What are records used for?
What are the 5 golden rules from the ATO's perspective?
Why should you keep accurate records?
Special items to keep in mind with regard to the Job Keeper and Cash Flow Boost programs from a record keeping perspective?
2020-07-2410 minProAdvice Podcast - Balancing people, profit and the environmentProNet Webinar series for August 2020A taster for the ProNet Webinar series scheduled for August. Topics and presenters include:
Week 1 (05-Aug-20) - Panel Discussion with Lachlan Polkinghorne from ProAdvice - Returning to work on the family business.
Lachlan Polkinghorne will facilitate a panel discussion with some next gen farmers on their decision to return to work in the family business. Even before the legal matters of succession are considered, how do people fit in and what lured them back to the family business as opposed to continuing in their careers?
Tune in to find out how these families ma...
2020-07-1712 minProAdvice Podcast - Balancing people, profit and the environmentGenerational transitioning from a legal perspectiveA conversation with Dave Shelley, Managing Principal from Page Seager Lawyers discussing the following:
Legal considerations when transitioning control and ownership with family business.
Why it is important for families in business to have a will?
Given the pros and cons of relying completely on a will, is there an alternative process that could be considered?
Tax and Stamp duty considerations?
What are the most common issues or complications from a legal perspective with transitioning generational family business?
2020-07-0618 minProAdvice Podcast - Balancing people, profit and the environmentEntities and structures - what is right for you?A conversation with Malcolm Beattie discussing entities and business structures. During this podcast we discuss the following:
What are the different entity types?
What are the pros and cons of each entity?
Is there such a thing as a standard structure?
Other options for owning assets?
Triggers for changing entities in family business.
2020-06-2617 minProAdvice Podcast - Balancing people, profit and the environmentManagement Reporting - What you need to knowA discussion with Jane Chopping regarding management reporting and how it can create value in your business. In this episode we discuss the following:
What is management reporting?
What is the difference between accounting reporting and management reporting?
How do you get started with management reporting?
Why should management reporting be part of your business?
2020-06-1910 minProAdvice Podcast - Balancing people, profit and the environmentFrequently asked Questions at Tax Planning TimeIn this episode, Clinton Peake discusses many of the commonly asked questions at tax planning time including is paying tax a good thing, what is the best structure for tax, business implications of private or tertiary tuition fees as well as some moral questions of paying tax in general.
2020-06-1119 min
SpeakingSoftware3. Working Remotely Long-termWorking from Home can be the sweetest deal! However, once the honeymoon phase fades away, there are challenges that can put your Health and Employment at risk.I've been working from home for over 5 years now, and I have faced those challenges! After a rocky start, I came out on top and I'm ready to share the lessons learned from my mistakes. Follow along with my 6 x Top Tips for staying in the game and you too can succeed at your At-home adventure. It's all about the Optics.It's not about what you see, but...
2020-05-1717 minProAdvice Podcast - Balancing people, profit and the environmentCovid-19 tax changes, grants and rebates and what you need to know in preparation for end of financial yearA conversation with John Gibson regarding Covid-19 tax changes, grants and rebates and what you need to know in preparation for the end of financial year including tax planning, business health checks, budget review and planning.
2020-05-1513 minProAdvice Podcast - Balancing people, profit and the environmentHow to integrate family into businessA conversation with Lachlan Polkinghorne from ProAdvice discussing some useful tips when integrating a family member into the business. This process is slightly different due to the age of the family member and we will discuss issues specific for both teenage and adult children.
2020-05-1114 minProAdvice Podcast - Balancing people, profit and the environmentInvesting to WinA conversation with Chris Scheid discussing questions to ask when it comes to investment on farm. We delve deeper in to three main areas:
1. Is the venture profitable?
2. Can the venture be financed?
3. A question about resource scarcity - if this was the last available investment, would you still proceed?
2020-05-0815 minProAdvice Podcast - Balancing people, profit and the environmentThe Do's and Don'ts of Succession PlanningA conversation with Andrew Beattie regarding the do's and don'ts of succession planning. Andrew will discuss the difference between succession and estate planning, outline a general model for succession planning and ways in which you can increase the chance of success in this area.
2020-05-0115 min