Episode 45 - How will financial literacy grow your farm business?

Financial literacy is almost like learning another language, and in the summer issue of Dairy Exporter the special report focusses on where to start and what is to gain from improving financial literacy in our farm businesses. From understanding debt management, to growing your funds through compounding, in this episode we break down the key terms and tools. Guests include: Paul Bird, Financial Educator, DairyNZ Chris Lewis, Managing Director, BakerAg Hosts: Sheryl Haitana, Editor, Dairy Exporter Anne Lee, Deputy Editor, Dairy Exporter DairyNZ’s Paul Bird discusses the basics of financial literacy, including the everyday terminology, and how learning the terms and tools will help you grow a successful farm business, including the power of compounding money.  BakerAg’s Chris Lewis discusses the key things to be aware of when it comes to running a financially strong farm business, including doing a budget together as a partnership, good communication on spending, and managing debt.  Read the Special Report here. Buy the Dairy Exporter Summer Issue here SUBSCRIBE TO DAIRY EXPORTER  - EMAIL NEWSLETTER (FREE - WEEKLY) SUBSCRIBE TO DAIRY EXPORTER  - MAGAZINE ($59/YR FOR 4 JOURNALS)See omnystudio.com/listener for privacy information.