We recently sat down for a chat with Lincolnshire farmer, David Dunn, to discuss how he and his family completely changed their family farm from a traditional dairy operation to a diverse farming business - now running a Stabiliser suckler herd, a B&B pig unit, a full nine-stable livery, and third party operation of an an AD plant.
We interviewed Matthew Gorton, Deputy Director of NICRE, in early November 2020 to hear about the newly formed project and what it means for rural areas. For more information see the NICRE website.
Jaci and Tristan are born and bred farmers running Hatton Farm, an Organic grass-based Dairy farm in Shropshire, and Proper Good Dairy - supplying their proper good 100% organic pasteurised milk to local communities through vending machines and outlets. We sat down for a quick chat about their diversification through Proper Good Dairy, the importance of planning for the business and how Figured and Xero help their operation.
In this period of constant uncertainty in which we now operate it has never been more important to have real time optics on the current and future viability of our Farming businesses. The exceptional harvest year has been tough for many, with wild swings in yields across the country. This is in addition to the underlying uncertainty around the trade agreement with Europe, food standard debates around the US trade negotiation, uncertainty around the eventual shape of the subsidy replacementfalse
Farming is a volatile business, full of variables. No two days are the same, yet daily events on the farm have an impact on the bottom line, which is why Figured is designed to give you full visibility of a farm’s financial position, and the ability to easily update the financial plan with input from experts and advisors.
There has been much talk in the accounting sector of the shift from compliance task accounting (broadly, completing the year end return) through to added value ‘advisory’ accounting services. This is a story that has been well told by Xero and other cloud apps like ourselves at Figured. We know that technology is driving this through the displacement of repeatable tasks. The efficiencies come from bank feeds, automated budget reconciliation, integrations and report generation.
This month the focus for us has been on the Irish market, with the launch of ifac’s FarmPro service. So to continue that theme, this week we sat down for a chat with one of the farmers currently working with the FarmPro advisory team, William McCullagh, to discuss his operation, the FarmPro service, and how it is helping him.
As we continue to grow Figured’s network of partners and customers globally, we’re delighted to announce that we will now be transitioning away from working with a distributor of our product to bringing Figured directly to a variety of new customers and partners in the important and vibrant agriculture industry, establishing a pathway for growth in the world's biggest agri economy.