Agricultural
21 July, 2022
Lifting a weight off farmers’ shoulders
QRIDA’s Farm Business Analysis Assistance (FBAA) program allows farmers’ to access independent advice from a panel of consultants, providing the confidence to move forward in rural enterprises.
FBAA is a free program that gives producers access to independent advice from a consultant to review their business and provide recommendations on how they can strengthen their financial viability.
Kym and Lance Baker, beef and pork producers from Woodmillar, near Gayndah were looking for expert financial advice on how they could create a financial future when they were ready to take over the family farming business.
They were able to apply through QRIDA’s Farm Business Analysis Assistance (FBAA) program to access independent advice from a panel of consultants, which gave them the confidence to move forward in their rural enterprise.
“Dad’s life has been this farm. He wanted to hand the farm over but also be involved and see the next generation achieve their goals,” Mr Baker said.
“With taking over the farm from Dad and the tough market conditions, we were looking for some independent advice and so we jumped at the FBAA program.”
Mrs Baker said the program was great to explore the financial side of their business in more depth.
“It’s such an important part to know where you are and where you’re headed so you have that information to make good business decisions,” she said.
For more information on the Farm Business Analysis Assistance program visit here or contact QRIDA on 1800 623 946.
