Nick Shady photoFor the past twenty years, I have been involved in my family’s farming business. My brother and I, with support from our parents, have grown the family farm from 2,000 acres to more than 5,500 acres, turning over more than $2 million dollars per annum.

Our success has involved utilising the latest technology and research, including precision farming and no till farming, to generate maximum return. We have customised machinery and trialled new broad acre farming methodologies. I have been responsible for the business management of the farm and the marketing of grain.

In 2009, our family business was restructured, giving more control of farming decisions and financial management to the individual partners. This has involved a complex re-allocation of assets (including land and machinery) as well as taxation and financial implications.

This experience, as well as the changes I have seen in the agricultural industry, has driven me towards the goal of helping family farms stay together. My objective is to utilise my experience in managing a large family farming business as well as knowledge gained through the MBA program, to work with family farms for increased efficiency, profitability and self-management.

I am keen to assist family farms so that they can be successful and that families can continue to work together on the land in a sustainable and profitable manner. This is integral in maintaining and strengthening rural communities and sustaining the agricultural industry.

My Expertise

Financial Management

  • Managing all financial aspects of $2 million dollar turnover business
  • Investment management decisions (of farm)
  • Budgeting and forward financial planning
  • Taxation Management – including BAS, CGT, STS, Farm Management Deposits, Family Tax
  • Managing land acquisition and machinery financing
  • Managing complex insurance needs for more than $10 million dollars worth of assets
  • Accounts payable and receivable

Superannuation Fund Management

  • Managing the self-funded family superannuation trusts
  • Family succession planning and management

Share Portfolio Management

  • Managing a large, complex and diverse share portfolio
  • Margin lending
  • CGT impacts on farm income and taxation

Agricultural Planning

  • Input Management – including purchasing of fertiliser, seed, chemicals
  • Crop rotation and weed control management
  • Identifying and planning for changes in plant and machinery requirements (due to excessive lead time in purchasing of new equipment – for example, a new harvester is required to be ordered 12 months in advance)

Sales Marketing

  • Managing grain sales – including futures
  • Livestock sales
  • Liaising with buyers and third party intermediaries
  • Western Region Reseller for “Glime”

Compliance

  • Transport compliance with regard to mass management (self-regulating compliance with legal requirements for heavy vehicles)
  • Managing and responding to OHS
  • Compliance with chemical safety standards for storage and use of chemicals
  • Chain of responsibility and accountability within the business

Innovation

  • Customising machinery to suit environment
  • Innovating new ways of using machinery for increased efficiency
  • Using precision technology (GPS) for increased efficiency and safety
  • Researching and applying new technologies and methodologies in farm management
  • Proactive in supporting innovation in the agricultural industry

Industry Participation

  • Western District representative on GrainCorp committee (2005 – current)
  • Participated in market research with various companies, including Landmark and Syngenta
  • Member of the Victorian No Till Farmers Association
  • Hosted industry field days at the farm showing machinery innovations
  • Hosted Pioneer canola seed trial (2010)
  • Previously a very active member of Victorian Young Farmers
  • Presented at the GRDC Lake Bolac Grower Day (5th September 2007)
  • Strong network in the western district as a result of building relationships in the farming community for more than 20 years

My Community Involvement

I am committed to my local community including:

  • Board Member of the Beaufort & Skipton Health Service Foundation
  • Board Member of Sports Central
  • Committee Member of Skipton Football and Netball Club, 2006 – 2014
  • Committee Member of Skipton Recreation Reserve (2010 – Current)
  • State and District Executive Roles with Victorian Young Farmers (1989 – 1998)
  • Club President of the Skipton Tennis Club (1995 – 2008)
  • Founding Chairperson and Committee of Management Member of the Friends of the RSL – Skipton Branch (2005 – 2010)

Qualifications

Despite not doing at all well in year 12 at Clarendon College in Ballarat, I have since studied and gained the following qualifications Masters in Business Administration, Certificate IV in Real Estate, Certificate IV in Occupational Health & Safety as well as all the normal tickets required in running a farm.

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