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’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.
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.
Figured’s Scenario product lets you plan and analyse different financial outcomes within a farming operation, across multiple years. The entire farming team can view and access these scenarios, to make informed data driven decisions.
New Zealand has two significant industries which support the majority of our economy - tourism and agriculture. In the space of one week one of those industries, tourism, has closed shop for the foreseeable future. The other, agriculture, will be rattled, but if our farmers run their business in a smart and considered manner, they should be able navigate the times ahead, and lead New Zealand through this unprecedented social and economic event.