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In partnership with ifac and Bank of Ireland, we are thrilled to announce the launch of Figured to the Irish farming community. Today's launch sees ifac and Bank of Ireland utilise Figured to improve the financial management of over 3,000 dairy farmers. Figured, utilising our platform partner Xero, is the platform that will support ifac taking a radically improved planning and advisory service to the Irish market. 

Oscar van Der Spruit is one of Figured UK’s early users, and as well as running his own business, he also works alongside his son running a Dairy farm in the west of Scotland. We recently sat down for a chat with Oscar to discuss Covid-19's impact on agriculture, the importance of planning, and agritech adoption.

We’re thrilled to announce the signing of a partnership agreement which will see Figured form the basis of the technology stack which RSM will take to its Agri clients across its more than 26 offices nationwide. 

Will is a leading Welsh farmer who runs Natural Wagyu alongside his dairy operation in Pembrokeshire. We recently sat down for a chat with him about how the current social-economic climate due to the pandemic is affecting his operations and the agricultural industry.

Update: The Figured & Agworld integration is now live. You can read all about it on our blog article or our integration page. 

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.

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. 

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.

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 a necessity.

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.