Profitable Farmer

# 44 - How the fear of failure can destroy your dreams

Implementation is the key to success!
 
In today’s podcast, I chat with Andrew and discuss the importance of realising, accepting and overcoming your fears in order reach your potential in all areas of your life. We explore the concept of fear and how this holds us back, especially the fear of failure in business.
 
Join us as we dive deeper into:
How perfectionism can hold you back - most people tend to procrastinate because of this, as they worry about making the wrong decision
 
How you can set up systems to help you make concise decisions, this requires thinking, which most people don’t like to do – most farmers prefer to DO rather than THINK!
 
Implementation is the key to success, not the decision making however this is still a very critical part.
 
Never allow a year, a quarter, a week or a day go by without planning it first - this is the KEY to succeeding - yet most people don’t do this.
 
Stop using excuses to set your goals later - do it NOW!
 
The power of 10-year, 3-year and 12-month goals, quarterly rocks, weekly & daily goals – If you make time to write these down, you will become unstoppable.
 
How taking control of your business and developing systems will help you make more profit and allow your team to become more focused and efficient.
 
If you don’t set goals, your team is winging it which will cost you lots of money, for little return.
 
 
Your greatest life is on the other side of fear! We hope you enjoy this podcast and identify the fears which might be holding you back.
 
To find out more about our Take Control Program, please click here... take advantage now before the price increase! Enjoy,  
 
Jeremy 

# 43 - From Refugee to Riches

Time to diversify...
 
Creating balance sheet wealth long-term must be our primary focus, even when challenged in the here-and-now. Success in anything starts with KNOWLEDGE. It is with this in mind that I interview Terry Tran, CEO & Founder of The Freedom Trader.
 
Terry Tran is a good (and perhaps unlikely) friend to Farm Owners Academy and the Profitable Farmer podcast. We recommend his investing program - The Freedom Trader - and know many of our clients continue to get great training and real results from his mentoring and methodology.
 
In this podcast, Terry shares his story with us, his passion to help people create wealth through direct share investing, his investment philosophy and his view on why farming families make such good investors. We uncover some very real myths about the share market and explore how to create wealth through a strong analysis and risk-aware investment strategy.
 
I encourage each of you to listen to this and consider, even in times of dry seasons and tight cashflows, whether now is a good time to be learning HOW to strengthen your wealth creation capacity through robust and measured share investing.
 
If you’d like to see for yourself what Terry’s ‘Freedom Trader’ program is all about, he is hosting a live training on Tuesday 18th February and its completely FREE for all our podcast listeners! You can register by clicking here: How to Create Real Wealth Outside Your Farm SAFELY but do it now as space is limited!
 
Enjoy!
Jeremy Hutchings

# 42 - Responding strongly in times of real adversity

2020 has arrived to us in a way that no one wished for or expected. Adverse and extreme fires threaten farming families and rural communities across Australia.
To those of you directly affected, our thoughts and prayers are with you. To our clients, please know you have our support and that of the FOA Community.
In this important podcast we interview remarkable clients Troy & Nette Fischer, 'Ashmore', Wasleys, South Australia.
On the 25th November 2015, Troy & Nette lost everything except their family home and 600 trade lambs in the Pinery fires of South Australia. Their entire farm, including their white suffolk stud and all farm infrastructure burned completely.
Their story and recovery effort is remarkable. How they have responded and the results they have achieved in the 12 months, 2 years and now 4 years since that event is nothing short of incredible.
Hindsight can be a wonderful thing. As they reflect on their personal experience, Troy and Nette share some wonderful tips and very thoughtful insights on how to navigate these intensely tough times, as well as how to best support those directly affected.
To those of you who are affected directly at this time, I hope by sharing Troy & Nette's story, they can serve as inspiration and encouragement to you. We hope this interview can help you in some small way to navigate the hardship you feel and the road to recovery ahead.
To those exploring how best to support loved ones, friends and family directly affected - now and ongoing - Troy and Nette share some very real and meaningful actions you can take that can truly make a difference and add value to those in need.
Thank you Troy & Nette - I am grateful for your willingness to help others by sharing your story.
This is the time when communities rally and remarkable growth and recovery can happen... as it did for the Fischer Family.
Regards, Jeremy

# 41 - It’s time to reflect, it’s time to reset and renew

Tracy Secombe is incredible. Plain and simple.
 
Her support to her Farm Owners Academy clients once again this year has been astounding.
 
Her contribution to our community continues to inspire.
 
Our clients just get so much value from her outlook on life and the coaching she can provide.
 
As we bring a close to 2019, it is my great pleasure to connect with and interview Tracy, and to explore how to make this Christmas season an important moment in time to deeply reflect, clearly check-in, fully self-assess, and completely set down more powerful intentions and enriching habits in the new year to come.
 
A cracking conversation. An amazing lady.
 
Enough said...enjoy!
 
Jeremy Hutchings

# 40 - Analysing Risk in Farming Systems

How exposed am I? Assessing and managing risk within our farming systems.
 
I love the principle that in order to succeed, it is the business with the most robust and strategic business model that gets the results. Often it is the quality of our business model and how we execute on this model that is the difference between the average and the top 20%.
 
With this in mind, and based on your most recent years of performance, how robust and risk-aware is your business model? We operate in a unique climate, with unique economic factors, relative to farmers in other countries, and a high exposure to price variability and international markets. We operate businesses based on biological systems often exposed to the vagaries of our environments and the markets.
 
In this podcast, I am pleased to interview my father, Tim Hutchings, and discuss risk and volatility in Australian Agriculture. We explore the importance of designing risk-aware and long-term sustainable farming systems that have inherent flexibility, focused on minimising losses as much as pursuing windfall profits.
 
Dr. Tim Hutchings is a successful farmer and farm consultant in the Riverina, NSW. He is a Nuffield Scholar and Researcher and has recently completed his PhD analysing and (for the first time) quantifying risk and volatility of our farming systems.
 
As we dust ourselves off from the challenges of a dry season, reflect and reset for a new season, I encourage you to use this podcast as your opportunity to deeply interrogate the appropriateness of your current farming system, and as a catalyst to ask better questions and consider making some deliberate and measured changes.
 
Enjoy this podcast!
 
Regards,
Jeremy Hutchings
 

# 39 - An example of agricultural entrepreneurship at its finest

From a desire to find useful farm research and analysis tools for her own family... to Australia's number 1 online resource hub for farmers and agribusiness!
 
Farm Table’s story is a compelling reminder how we all can find a problem and seek to solve it in order to make our industry stronger and better for everyone.
 
Ladies & gentlemen, meet Airlie Landale - Founder and CEO of Farm Table.
 
Airlie is an incredible next generation champion for Australian Agriculture, doing her bit to make a very real and tangible difference for farming families nationally. From a small idea, Airlie has dedicated herself to solving a problem for the betterment of all farmers.
 
In this podcast we interview Airlie, understand her background, learn about the Farm Table story, and get a real insight into what can be achieved when a strong vision, deep passion, real commitment and sheer determination all come together around one simple idea.
 
Farm Table is Australia's one-stop farming hub online to connect producers, farmers and fishers to agricultural resources, information, opportunities, and, to each other.
In doing so, this agricultural platform's suite of services saves you time, improves information flows across the industry and contributes to a connected, collaborative, and innovative Australian agriculture sector.
 
Enjoy this podcast, we’re sure Farm Table will become one of your 'go to' platforms to help you stay ahead of the game!
 
Regards,
Jeremy

# 38 - Learning from Big Business

In this podcast, we explore the way in which strategy, change, leadership transition, people management and business transformations are achieved at the top end of town, and within some of Australia’s largest, most iconic agribusiness brands.
In a compelling interview with Jonathan Hutchings, ex-management consultant and now private equity and business transformation specialist, Jeremy explores how fundamental change is made at the ‘top-end’ of our food & fibre sector, and in businesses including Peters Ice-cream, Ingham’s Chicken, and Allied Pinnacle.
Grab a coffee, tune in and learn:
How major change is achieved in big business,
The simplicity of strategy-setting and making the very complex simple,
How to be objective in analysing the true performance of your business,
The importance of getting the very best team around you,
The importance of retaining your humanity whilst navigating through big change initiatives,
A perspective on emerging trends in the food & fibre sector and how they may impact / provide opportunities for farming businesses.
If it’s good enough for the elite leaders in our sector, perhaps there is a lot we can learn and apply in our own family businesses.
Enjoy!
Kind Regards,
FOA

# 37 - How to handle burnout and stepping into your zone of genius

In this podcast, Andrew interviews Farm Owners Academy incoming CEO.  Jeremy Hutchings is an amazing coach who is a lot of experience in agriculture. 
Andrew and Jeremy have a discussion and cover a few really important topics that we are sure many of you can relate to 
In this podcast: 
Andrew shares some of the challenges he has experienced around burnout (and how normal this is when you run your own business)
The importance of having an extended time out
The difference between operating I your zone of incompetence v competence v excellence v genius
The value in building a dream team around you to help your business grow (and how investing in the right people will drive your business forward)
The importance of having a strong strategic plan
The definition of a business in becoming profitable but then also having your business work without you
How ego can get in the road of your growth
 
It’s a great relaxed discussion that we are sure you will relate to 
FOA

# 36 - How to create a profitable freedom farm that can work without you there

One of our main aims here at Farm Owners Academy is to teach you how to create a profitable farming business that can work without your constant presence, allowing you more time and freedom to live the life you choose.
In today’s podcast, we walk you through the steps involved to accomplish this.
 
This episode shares lots of ideas to help you on your journey including:
 
Why you need to become very profitable first (and what this looks like)
The gap between being a farmer Vs running a farm business (and why this matters)
The three skills you must have to create a freedom farm
 
 
We hope you enjoy this podcast – let us know what you think!
 
FOA FACT: Sharing’s caring! 😉 Please share this with another farmer 👩🏻‍🌾👨🏼‍🌾
 
Regards
FOA

# 35 - Ask a better question, and the power of zero-based thinking

It’s really simple.  Asking a better question will lead to a better decision.
The problem is, we weren’t taught at school how to ask a great question.  
 
We will help you learn how to do this in today’s podcast.
 
For example, just asking the simple question every hour or so “Is this the best use of my time?” can help you improve your productivity.
 
I will open you up to the power of asking better questions AND the impact this can have on your business.
 
I will share a strategy I learnt from a very successful mentor of mine that saved my business and helped me bring in an additional $150k in revenue (in just one month).  It’s called zero-based thinking and I personally believe this is one of the best business strategies I have ever been taught.
 
Enjoy this month’s podcast and please share this with another farmer.
 
Take it easy,
 
Andrew
 
PS: Super early bird tickets to our TOP Producers 2-Day Workshop are now on sale, offering a crazy saving of $1295! Come along and learn how to run a better farming business.