Budgeting
Many farmers run multi-million dollar operations so it is important to budget and understand the financial position of your business. There is a range of farming and banking backgrounds in our consultancy team who are very competent budgeters. Our team are happy to assist whether it is your first time putting a budget together or if you’ve been doing it for years. We are currently using Budget templates, DairyBase budgeting, Cash Manager Rural and Xero to support our clients with their budgets.
Analysis
Our team offer a Whole Farm System Review package (click here) which is a great way of analysing your farm business in both the financial and farm physical areas. We also use DairyBase to benchmark farms against others in the area which allows use to review farming and financial practices and create a plan for the upcoming season. We use DairyBase as it is the single largest benchmarking tool in the dairy industry.
Farm Purchase Due Diligence
Purchasing a new farm is a big step and many clients involve us when looking at making this decision. Our Farm Due Diligence includes researching the local area and completing both feed and financial budgets and determining what price to pay for the land as well as what return you are likely to expect. Our team at NZFM are all farm owners ourselves and understand what makes a good farm operation.
Investment Analysis
Investment analysis is generally a historic view of your investments which includes entry price, time horizon and the investment goals and reason for choosing that investment.
Financial Proposals
Our experienced team are great at putting together financial proposals. These are particularly useful when analysing different business opportunities or speaking to the bank about making the next step. We will complete a financial budget and proposal along with financial planning of what money will need to be borrowed and what we can use as seasonal finance to ensure you stand the best chance of a good result.
Financial reporting
Along with budgeting and financial planning we can provide financial reports. Financial reporting is most popular in businesses with multiple owners, equity partnerships, large operations, corporate farms and large family businesses. Our team use key performance indicators to compare current performance against target. Reporting can be completed monthly, bi-monthly, quarterly or on an annual basis.