# 137 - It Is Our BUSINESS MODEL That Can Set Us Free

So many farming families we meet have businesses that are completely dependent on them. In addition, so many farm owners across Australia’s have business models that are not risk-aware, sufficiently profitable, sustainable, or optimal over time. Is your business model delivering you the outcomes you want from your farm? So often we see farmers ‘rinsing and repeating’ business models that have worked in the past, only to find they are not optimal or even relevant in our current economic climate. To quote Einstein: “Doing the same thing over and again and expecting a different result, is the definition of insanity.” With inflation, increased interest rates and softening commodity prices, it has never been more important to actively stress-test the potential and resilience of the business model you have, then seek to refine, re-engineer and adapt it to ensure it is profitable long-term AND relevant in the current economic climate. The question is, HOW? In this podcast, I speak to this, then advocate for a 90-minute webinar that Farm Owners Academy developed, revealing, “Simple Budgeting for a Profitable Farm”. For anyone wanting to learn how to review, critique and refine their business model… AND master the key skills needed to set down a meaningful budget or cashflow forecast for their business, then click here and watch (a recording of) this webinar: www.farmownersacademy.com/businessmodelling There were over 1,100 farmers registered for this event, and so I feel it is relevant for so many of you right now! Thank you to Greg Johnsson, Sam Johnsson and the FOA Team for the significant effort you have put into making this webinar possible. Enjoy, and I look forward to hearing the change you make on the other side of this significant session. Here’s to the crafting of new, current, and winning farm business models across this community! Sincerely, Jeremy Hutchings & The Farm Owners Academy Team P.S. Did you know that our core program – the Platinum Mastermind was created to help you maximise the profitability of your farm? We now benchmark over $2bn in farm assets annually and we work with over 150 farm owners to help them improve their financials. Please email [email protected] or head to our website https://www.farmownersacademy.com/ for more information