Figured & Agworld - Precision Agri Financial Management

Figured & Agworld - Precision Agri Financial Management

25 May

As farming becomes an increasingly precision oriented business, and the profitability of farms gets put under the microscope, not having access to accurate financial data isn't just a disadvantage for farm businesses, it’s a recipe for disaster.

Product Update: NSC Valuation

Product Update: NSC Valuation

15 May

We’re constantly working on our product to give you the simplest and fastest experience at tax compliance, so that you can focus on the more important stuff such as advisory. 

Understanding the 2020 Drought Recovery Advice Fund

Understanding the 2020 Drought Recovery Advice Fund

11 May

The government recently announced that it is making up to $500,000 available to kiwi farmers affected by drought, in a fund intended to be spent on accessing financial advice to manage the farm business throughout the coming year.

Managing risk, understanding Profitability

Managing risk, understanding Profitability

08 May

Farmers have always been in ‘the business of managing risk’, but never more so than it seems like in 2020. The only constant right now is change and, between interrupted supply chains, fluctuating commodity prices and many other factors, nobody knows how the 2020 cropping season will shape-up. In order to understand the underlying factors that contribute to the risk and profitability equations however, best-of-class reporting and an integrated chain of data are increasingly becoming afalse

Long term view of the farm business with scenarios

Long term view of the farm business with scenarios

05 May

With the evolving financial and social situation due to the pandemic, farmers will be under increased pressure to re-evaluate their immediate financial future while maintaining their current level of productivity, helping to ensure that our largest industry remains the backbone of the economy.

Building your farm business's annual plan simply

Building your farm business's annual plan simply

05 May

Building your farm’s annual plan in Figured is a simple process. You can use your actual bank balance and past transactions sitting in your Xero account as a starting point for how you want the next year to go. With the Rolling Plan, any forecasts you've put in will carry over to the next year if you need.

David Seath, Brown Glassford: What you can do for your agri clients

David Seath, Brown Glassford: What you can do for your agri clients

30 Apr

With the COVID-19 crisis affecting many farm businesses, we chatted to David Seath from Brown Glassford last week about the impact this may have on the New Zealand agriculture sector, and how accountants can work with their clients to prepare for the challenges ahead.

Now is a better time than ever to start budgeting

Now is a better time than ever to start budgeting

15 Apr

As the COVID-19 pandemic spreads throughout the world, we are yet to fully understand what effect that this will have on the agriculture industry. However, one thing we do believe is that there’s no better time to start budgeting than now. 

Taking an active role in supporting farming businesses

Taking an active role in supporting farming businesses

09 Apr

The Covid-19 crisis has hit the UK economy in ways that a short while ago would seem far fetched. We have all seen the impacts this has had on many sectors and people. The impact for the agricultural sector in the immediate term is varied - depending on factors such as exposure to retail versus trade channels, requirement and availability of labour on farm / off farm, levels of tourism diversification and so on. Each business will have a unique set of factors to consider.