Latest / Dollars In The Dirt / #014 - Reacting To The Global Shocks Driving Up Farm Costs In Australia

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#014 - Reacting To The Global Shocks Driving Up Farm Costs In Australia · Dollars In The Dirt

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  While Australian farmers say the Middle East conflict is rapidly driving
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  up a threat to our food security, more dangerous than the choking of
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  global oil supplies, our crops rely heavily on
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  This is going to be really impacting our farmers in Australia. We're not
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  having access to diesel, not having access to fertiliser. Who
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  So what are fertiliser prices up to? They're going up, quickly. Why?
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  higher fertilizer, higher fuel, higher machinery, higher interest rates. Everything's
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  Isn't it amazing that a government can so terribly run the economy and
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  Cheers, Albo. Albo's definitely not helping us grow
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  our businesses the way we're going at the moment with rates and cost of living
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  Since when does electric trucks work in Western Queensland? These
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  guys have got absolutely no idea about rural Australia. Welcome
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  to Dollars in the Dirt. I'm Brecon Curtis and this is where we break down
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  the finance side of farming so you can grow your operation, buy
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  that next property and build real wealth. Let's get into
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  it. We're going to do some more reaction videos today, some videos that have gone viral
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  on TikTok and Instagram. Here we go. Let's see what
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  Now, just have a quick listen to Barnaby trying to explain some basic
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  We love cattle. We've got, I've got diesel. You
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  Now listen to what someone who has immense power in our government at the moment has
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  Oh, electric vehicles? What is she talking about? Seriously? Electric
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  trucks? Since when does electric trucks work in Western Queensland? Where
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  are they going to charge them? How is an electric truck going to go from
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  Winton to Brisbane with a load of cattle? Like seriously, these
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  Isn't it amazing that a government can so terribly run the economy and
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  drive cost of living through the roof? Cost of living going through the roof? That's
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  an understatement if I ever heard one. And your reward for that as a working
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  Australian is you have to pay more for your mortgage. Cheers,
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  How true is that? Our cost of living going through the roof, interest rates
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  going up, just shows that we need to really make
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  sure that we're across our business and know exactly what's going on at the moment because this
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  Albo is definitely not helping us grow our businesses the way
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  we're going at the moment with rates and cost of living going up constantly over
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  time. Yeah, it's really important to have someone on your team to understand what
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  a higher interest rate means for your business and how that impact is
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  going to have on your bottom line. So having a good broker in
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  your corner, looking ahead to make sure that there's
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  nothing on the horizon that's going to impact your cash flow, make sure that
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  you're going to meet all your commitments is really important in this climate
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  El Presidente Chuck Norris has just kicked off Operation
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  Epic Fury. So I'm just wondering where my input costs are
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  I just woke up. A bedhead. What's
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  So what are fertiliser prices up to? They're going up quickly. Why?
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  Higher fertilizer, higher fuel, higher machinery, higher interest rates. Everything's
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  The Iran conflict has closed the Strait of Hormuz. And
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  we get most of our fertilizer from Morocco and the Middle East. So
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  supply is impossible. Like, we might run out. But it's not like you're
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  ordering ships of fertilizer last minute just before we start selling.
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  Isn't that what you fellas are doing? Yeah, righto. Yeah,
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  you got me. But don't we make fertilizer in Australia? We got heaps of
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  Everything's going to go up by the way these guys are going. Now's probably a good time to do
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  a really good deep dive and review of your business, your finance costs,
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  all the costs in your business to make sure that if there's an uptick in
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  any of them, that you're across it and you're ahead of the game. before
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  you realise that things have become too expensive and it's making you
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  unviable. So being, you know, finance ready at
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  this point in time is really important because you don't want to be scrambling to
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  get that all together or accessing capital if you need it when it's too
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  late. There's always external factors like obviously the war, but
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  you know, there's always going to be fires or floods or there's also
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  commodity prices are going to drop. You need to always make sure that your
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  business is in a position that you're prepared to deal with any shocks that
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  may come across the desk at any point. Just quickly, if you're
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  tired of expanding your operation to a new bank manager every year, only to
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  get a one-size-fits-all deal that doesn't fit your business, we
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  can help. At Season Finance, we do things differently. We've got over
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  70 years of combined experience in agricultural lending, and we
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  work for you, not the banks. We're the consistent expert team in
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  your corner fighting to get the finance that actually helps you grow, purchase
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  the next property and build your legacy. Don't leave money on the table. If
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  you're looking at your next move or just want a second opinion on your current setup, click
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  the link in the show notes to book a confidential, no obligation chat
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  with the team and we'll show you what's possible. Righto guys, now back
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  While Australian farmers say the Middle East conflict is rapidly driving
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  up a threat to our food security, more dangerous than the choking of
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  Our crops rely heavily on fertiliser and with global shipping... Yeah,
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  this is critical for our farmers need to make sure we're really organised at
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  this point in time because fertiliser prices go through the roof, diesel
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  For farmers like Jacob Wright, Iran closing the
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  trade-rich sea lanes through the Strait of Hormuz is
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  doubly alarming. Yes, Tehran is throttling global
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  This is going to be really, really, really impacting our
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  farmers in Australia. We're not having access to diesel, not having access
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  to fertilizer. who knows how long this is going to go on for and
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  what impact it's going to have on farmers. But these shocks aren't
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  uncommon to agricultural businesses. There's often shocks
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  with droughts or floods or in the
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  past there's been diesel shortages, fertilizer shortages. These
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  all have an impact on your business and the guys that really
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  can have a an understanding of their business, understanding having
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  to stockpile, being able to stockpile, have stuff put away for things
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  like this, and having the cash to be able to do that. They're the people that have got through this a
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  lot less impacted than what the guys that didn't have a plan
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  around these sudden shocks. So yeah, like with
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  every crisis, there's often opportunities that come out of it. And so, you
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  know, Australian farmers need to try and navigate through this to
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  understand what opportunities might come, you know, prices of wheat
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  might go through the roof or, you know, there might be also, you know, the price of
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  beef might go through the roof. So, you know, we need to make sure that we're positioned to
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  take advantage of opportunities as they arise. And, you know, who
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  knows, just making sure you've got your business in a position that's
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  well-placed to make the most of those opportunities if they come up.
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  Thanks for tuning in to Dollars in the Dirt. If you've got value from today's episode,
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  make sure to subscribe so you never miss the insights you need to grow your
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  business. And if you're ready to stop being just another number to the banks, visit
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  Season Finance via the link in the show notes. Remember to follow