Knowing their numbers means no surprises for Taranaki dairy farming family, the Whittingtons. John Whittington is a fitting example of a Kiwi farmer using technology to sharpen his farm management skills. Running the family farm with wife Michelle, John got his first taste of Figured in 2019.
Two of New Zealand’s key agri-tech solutions – Figured and FarmIQ – have joined forces to give farmers and their accountants a real-time view of their farming system. The new financial data connection automatically transfers stock transactions into Figured as soon as data has been entered into FarmIQ. This allows the farmer’s accountant to get the stock information straight away, including deaths, births, sales and purchases.
The season started off slow with 8:30a.m. starts. But within two weeks of calving I was up to 90 hours a week with 9:00p.m. calving cow checks, and back to 3:30a.m. alarms. Luckily the weather was playing ball and the rains occurred during what downtime we had, the breakdowns were at a minimal and our part-timer was on board and doing a great job.
Figured launches Portfolio Modelling on our Figured Insights platform! This is a major milestone for Figured Insights, as well as for the wider agriculture industry, and we couldn’t have done this without the help of the entire first-mover group.
Figured GM for ANZ, John Gibson, spent some time travelling Australia and reconnecting with our accounting partners and hearing their thoughts on where the market is heading. See how the surge of fintech and adoption of cloud technology is changing the landscape of agri accounting in Australia.
Hamish McKay and Richard Loe from Magic Talk Radio's Rural Exchange speak with dairy farmers and Figured users, John Whittington and Matt Barr, to discuss the challenges their farm faces, how they tackle them head-on them with innovative technology, and the importance of working closely with trusted advisors to get a clearer picture of their farm finances and make better business decisions.
Peter Debus, Director at PrincipleFocus, writes a guest blog outlining the inducement to small businesses to digitalise their operations announced in the new Australian Federal Government budget, and the benefits it offers for farmers embracing new technology such as Figured.
There’s a fair bit going on in Australia right now that has hurt some agriculture producers and filled others with quiet optimism. In times like this when farmers face either opportunity or uncertainty, one thing remains true - advisors must be better equipped to provide the guidance that their farming clients deserve. With Figured’s scenario planning tool, advisors are in a stronger position to help farmers make better decisions today to build a stronger business tomorrow.
With a number of our great Figured developers starting their Figured journey as interns, we know the value of bringing in great interns and designing a programme that nurtures those emerging talents. Over the summer, we had the opportunity to find five amazing interns to take on a development internship; with a real focus on maximum learning and making a real impact. We asked them about their experience interning for Figured and here’s what they told us.