Latest / Dollars In The Dirt / #018 - Reacting to the Realities of Being a Farmer
Transcript
- 0:00The Victorian government has just passed laws allowing energy
- 0:03companies to seize farmland for renewable energy projects.
- 0:10If one government's doing that, who's going to stop other state governments from doing the same thing?
- 0:15At one time, we were buying land for $7.50 an acre, and that same
- 0:22You know, this is similar to Australia, really. Like, you know, the price of land
- 0:26But we've got these public servants, so-called politicians, selling
- 0:30up our agricultural land to overseas
- 0:36Absolute disgrace. These farms should be staying in Australian hands. Foreign governments should
- 0:40not be allowed to buy Australian agricultural land. Welcome
- 0:43to Dollars in the Dirt. I'm Brecon Curtis and this is where we break down
- 0:47the finance side of farming so you can grow your operation, buy
- 0:50that next property and build real wealth. Let's get into
- 0:54it. Hey guys, welcome back. Here we are
- 0:57going to do some more reactions to some viral videos that are online
- 1:00at the moment. Let's see how we go with these ones. I
- 1:11can see exactly how people are feeling right now. This is, you know, fertilizer
- 1:14prices going up, fuel prices going up, you know, people feel
- 1:18like they're rowing down this river. I'm sure it's just crazy at the moment and
- 1:21means we need to have a plan, understand where our business is heading and so we're not in
- 1:26At one time, we were buying land for $750 an acre, and that same
- 1:30land has sold recently for $10. And
- 1:37Yeah, and y'all got good country up there, like you said. Would
- 1:41y'all stock a cow to five acres or
- 1:45You know, this is similar to Australia, really, like, you know, the price of land
- 1:49has gone up so much that you really need to make sure that
- 1:52if you're looking to expand your business, that the viability is
- 1:56there and that it really makes sense for your business. And, you
- 1:59know, unfortunately, For people trying to enter the
- 2:02industry, it's getting harder and harder, but it's no different. These
- 2:06guys are in the States, obviously, and the price of land in
- 2:09the U.S. has skyrocketed just like it has here in Australia, so
- 2:13making sure it's a really good fit for your business is really important in Australia
- 2:18as well as the U.S. by the looks of this. Yeah, obviously if
- 2:21you've already owned some land and looking to expand, it makes
- 2:24it a lot easier, but you still need
- 2:28to make sure it's profitable and makes sense to expand your
- 2:31business in a way that you're not putting it under
- 2:38But we've got these public servants, so-called politicians. selling
- 2:42up our agricultural land to overseas
- 2:46government investors. I haven't got a problem with a Chinese
- 2:50family, Dutch family, whoever, that want to come here the right way,
- 2:54with their paperwork so we know who they are. But overseas government
- 2:57investors buying up $244 million
- 3:01worth of our agricultural land in one hit is an
- 3:06Absolute disgrace. These farms should be staying in Australian hands.
- 3:10Foreign governments should not be allowed to buy Australian agricultural
- 3:14land. We need to stop this. I just don't know
- 3:17if everyone's aware of what's going on. We've seen a lot of you
- 3:21know, foreign investment over time. But, you know, I think Australian
- 3:25farmers run the Australian land better than what overseas investors
- 3:29do. So as an industry, we need to really get behind Australian farmers
- 3:33and make sure that we keep Australian farmland in Australian hands.
- 3:37Just quickly, if you're tired of explaining your operation to a new bank manager
- 3:40every year, only to get a one-size-fits-all deal that
- 3:43doesn't fit your business, we can help. At Season Finance, we
- 3:46do things differently. We've got over 70 years of combined experience in
- 3:50agricultural lending, and we work for you, not the banks. We're the
- 3:54consistent expert team in your corner, fighting to get the finance that
- 3:57actually helps you grow, purchase the next property, and build your
- 4:01legacy. Don't leave money on the table. If you're looking at your next move or
- 4:04just want a second opinion on your current setup, Click the link in the show notes
- 4:07to book a confidential, no obligation, chat with the team, and
- 4:13If you care about Australian farmers, if you care where your food comes from, share
- 4:17this. The Victorian government has just passed laws
- 4:21allowing energy companies to seize farmland for
- 4:25renewable energy projects. And that's before environmental studies
- 4:29are even completed. That's right, they can take farmland, for
- 4:35When is this bullshit gonna end? You know, we need to make sure that,
- 4:39you know, renewable energy is not being taken from Australian farmland. Like,
- 4:43this is just crazy. And I can see why everyone's up in arms over
- 4:46this and the Victorian government shouldn't be allowed to do this and we need to
- 4:49make sure that our farmers are looked after and that land is not being taken off
- 4:53them for no reason. I think if, you know, one government's doing that,
- 4:57you know, who's gonna stop other state governments from doing the same thing? It's
- 5:00just absolute bullshit, really. That's
- 5:21a really good video around succession planning and
- 5:25the need to make sure that you've got a plan sorted out for your family. And
- 5:29most farmers don't see their being owners
- 5:33of land, they're more custodians of the land and passing it down to the next generation. And
- 5:37that video really hits home clear around having that plan sorted
- 5:40and who's going to take over the land in the next generation is really important. I
- 5:44think a lot of farmers do think long term, but actually
- 5:47getting that plan sorted out and nutted out with the family is really important.
- 5:51And the earlier you do that, the better. The farmers that do it successfully do
- 5:54it early. They don't leave it to the last minute. They don't let wills
- 5:58dictate how succession it's worked out while everyone's alive. And
- 6:01there's a plan for the kids coming along and what their future looks
- 6:04like. And it's all clearly mapped out in front of them. Thanks, guys.
- 6:08Thanks for looking at those episodes, those reactions
- 6:11to some of those viral videos at the moment. Look
- 6:15forward to catching up in the next episode. Thanks for tuning in to Dollars in the Dirt. If
- 6:18you've got value from today's episode, make sure to subscribe so
- 6:21you never miss the insights you need to grow your business. And if you're ready to stop
- 6:25being just another number to the banks, visit Season Finance via
- 6:28the link in the show notes. Remember to follow us on socials and catch