The AgriCoach Podcast by The Financial Bloke

This episode was recorded at the 3R Livestock pre-bull sale dinner fireside chat at Goonoo Goonoo Station. I was extremely fortunate to have had three high calibre guests which I interviewed in a panel type format.  The panel guests were David Bondfield (former director of Palgrove), Richard Rains (a retired meat exporter who was turning over about $500M annually when he retired) and Angus Street...

Agriculture seems to be being painted more and more as an environmental villain by vegan & environmental activists as well as the some of the marketing machines of the plant-based industry.  If you are sceptical that this issue is relevant to you, have a look at legislation being passed by ill-informed politicians in Sri Lanka, Ireland, Canada and The Netherlands and in our own energy sector....

John Moor is a 6th generation dairy farmer, owner of GrowMoor Biological and a highly experienced Succession Planning Facilitator. John and I are going to be discussing what a facilitator actually is and why you can’t just get your accountant, solicitor, financial adviser or bank manager to fill the role. We also address how using a highly qualified and experienced facilitator will help you pull o...

In this episode I will be discussing with Carmen Quade how to prepare teenagers and adult children with the money muscles needed to set them up for success. Carmen is a farmer, educator and mother of 5 children so has plenty of experience putting her knowledge to practical use. If you haven’t listened to Part 1 and Part 2 of the Kids & Money 3-Part Series, I’d recommend starting there first to...

Most parents want their kids to learn how to be good with money. They instinctively know that a failure to learn how to play the game of money will put their kids at a major disadvantage, making their lives so much harder. But, whilst the majority of parents want to help their kids, most just don’t know how the hell to go about it.  Because this this is such a hot topic with most parents, I decide...

Most parents want their kids to learn how to be good with money. They instinctively know that a failure to learn how to play the game of money will put their kids at a major disadvantage, making their lives so much harder. But, whilst the majority of parents want to help their kids, most just don’t know how the hell to go about it.  Because this this is such a hot topic with most parents, I decide...

Today we have Senator Susan McDonald to give us her take on the current Foot & Mouth Disease situation and how the Agricultural Industry can help tackle the problem politically.   Susan grew up on her family’s cattle property near Cloncurry in far north QLD. She studied and worked in the accounting industry before purchasing a chain of butcher shops in Brisbane and the Gold Coast, and ran them...

Investing in Commercial Property can be complicated and risky if you don’t know what you are doing but if you get it right, it can be a powerful way to build off farm wealth for your family. The best way to be a successful investor in any area is to educate yourself, and a great way to do this is by listening to highly experienced experts in their fields, just like our guest today. In this episode...

Today our guest Daniel Elder will be discussing how QRIDA has helped some Queensland rural producers save a collective $3m in interest and Professional advice fees using QRIDA’s Farm Business Analysis Assistance Program. Daniel comes from the land and grew up near Chinchilla on the Darling Downs in QLD. He has over 15 years experience in the banking sector and is currently the Manager of QRIDA’s F...

Our guest today is Kylie Wilson, a Partner at Holding Redlich and veteran rural legal adviser in Estates, Succession Planning and Tax. Kylie and I discuss her unique perspective on why Succession Planning and Estates often turn into dust ups, how to avoid them and preserve the family’s wealth and relationships. For the younger listeners out there, if you are not too interested in estate planning,...

No one wants to talk about divorce but with around 1 in 3 marriages ending in divorce, it is a fact of life that you or someone you care about will live through one.  Murray Crawford is a family lawyer and on today’s episode we will work through what you need to know if you, one of your family or someone you care for, goes through a divorce and how to avoid destroying your family’s wealth in the p...

Today’s guest is Dr Terry McCosker. Terry and I are discussing what a Carbon Credit actually is and how they have the potential to substantially improve the overall profitability and sustainability of some farming operations, resulting in a magnification of a family’s wealth both now and intergenerationally. The most exciting part is we are discussing the initial findings of one of the world’s lar...

Today, Ben Forrest (Real Estate Agent and Partner at the Resolute Property Group) and I will be discussing the key things you need to know if you want to successfully sell a farm. Most farmers and graziers are thinking about buying more land, not selling, but purchasing a new block sometimes requires the sale of some land to fund the new purchase. There are also those nearing retirement that will...

My guest for this episode is John Moor, founder of GrowMoor Biological and a 6th generation producer from South Africa. John and I discuss his journey from being an average or mediocre dairy farmer to one of the top producers in the world and how he achieved it.  You might be thinking, I’m not a dairy farmer or a farmer so what can I learn today? But we are not discussing the business of farming w...

Jack Cresswell (host of the popular Farms Advice Podcast) and I are going to discuss his podcast journey, why he took the leap and how interviewing around 100 of Agriculture's most innovative and influential people has changed him. We are also going to talk about why you should be listening to podcasts and how they can have a significant impact on you and your family’s future. You can find ou...

What happens to all the wealth you have built once you pass away? I want you to ask yourself: How do I want my wealth distributed when I die and what is the likelihood of that actually happening? Do I want my family to get the wealth when I die or do I want to make a bunch of lawyers rich?  Do I want my kids to ‘fall out’ over my estate? Do I want the government to get a big chunk of my estate in...

Today we have Jeremy Wicht from SW Accountants & Advisers in Brisbane. Jeremy and I are discussing the 2022 Federal Budget and what it means for everyday people, our economy and importantly business owners which includes those on the land. An election is expected to be held very soon and I was curious how the government was going to balance showing real leadership and doing what is best for ou...

If you want to get a better deal from your bank you need to have enough knowledge and experience to know how to go about it. Or….. you need someone to help you.   That someone is known as a finance or mortgage broker.   In this episode we are going to be having a conversation with Rural Finance Broker Daniel Dumble about: What is a broker; What they do; How they could help you; and The 3 biggest m...

A family business is a great way to build intergenerational wealth but by nature they’re a bloody tricky beast.  We have all heard the horror stories of families that had built successful intergenerational businesses only to deteriorate into squabbles and eventually total breakdown. Not only is all that wealth squandered, but opportunities for future generations are lost, and family relationships...

I have always been intensely fascinated with people who see the world through a different lens to most of the population. They think and they act differently and choose to take their own path in life. This means that before they become outwardly successful, they are often vastly underestimated and misunderstood.   They can be perceived as ‘failing’ a lot as they’re willing to give new things a go...

IMPORTANT: This podcast is not an endorsement or promotion of any company or any investment products and you should seek personal financial advice suited to your circumstances before investing in any financial products. See legal disclaimer below.   Many people ask me, “How do I start investing Ben?” and I always suggest the first step is to start educating yourself. In Episode 6 of The Financial...

I remember when I originally heard about mindset. I was a young fella and I didn’t take it too seriously.  For years, I believed hard work and applying your intelligence was all you needed to be successful. What I came to realise after two decades working with and observing highly successful people was that I couldn’t have been more wrong.  Being smart and working hard was part of the recipe for b...

If you want long term financial success for your family, you must learn how to grow wealth.   An all too common mistake I see in families financial planning, is that they focus all their energy on trying to learn how to grow the wealth but very little on protecting what they have grown. To give you an analogy, if you want to harvest a crop, you must grow the crop first. If you don’t protect the cr...

Ben has always been fascinated with what makes people successful. He loves nothing more than picking the brain of people like David to understand why some are successful and others aren’t.  As Tony Robbins once said, ‘success leaves clues’ and if you want to find out what makes the exceptional operators so exceptional, then this episode should be right up your alley.  David is the Chief of Deliver...

Aged care is dauntingly complex and stressful for the family and full of traps for the inexperienced. It can be extremely expensive and contribute to a major loss of family wealth but in many cases with good advice and planning it doesn’t have to.  You may be thinking, I don’t need to worry about listening to anything about Aged Care as I’m not going into care anytime soon! Well, think again. You...