In this episode of the AgriCoach Wealth and Wisdom podcast, we dive into the legal intricacies of testamentary trusts with the ever-knowledgeable legal expert, Tim Rivett. Estate planning, especially for agribusinesses, demands careful consideration, and Testamentary Trusts can be a real game-changer. Join us as we break down the fundamentals of testamentary trusts and why they're crucial for intergenerational agribusinesses. From asset protection to tax advantages, Tim lays out the benefits in ...
Jul 18, 2024•47 min•Season 1Ep. 76
Family succession is a common challenge in business, as evidenced by its portrayal in popular TV series like 'Yellowstone' and 'Succession'. These dramas highlight the grim consequences of mishandled transitions, what I refer to as the 'Three Generation Curse'. In today’s episode, Ben is joined by John Moor, a seasoned facilitator of over 200 family succession meetings, who has also navigated the murky waters of succession first-hand. John shares the recurring themes, pivotal moments, and the br...
Jul 04, 2024•1 hr•Season 1Ep. 75
In this episode of the Wealth & Wisdom Podcast, we dive into the dynamic world of transitioning from a rural producer to an agribusiness CEO, with a focus on leadership evolution. With special guest Beau Robinson, a former professional rugby player (of Queensland Reds and Wallabies fame!) turned Leadership and High-Performance Mindset Coach, listeners gain first-hand insights into effective leadership strategies gleaned from the competitive arena. Together, Ben and Beau unravel the challenge...
Jun 21, 2024•59 min•Season 1Ep. 74
On today’s Wealth & Wisdom podcast, we’re unravelling the complexities of economics and finance. With esteemed economist, Saul Eslake, we pull back the curtain on the world of inflation and interest rates. With over four decades of experience in Australian financial markets, Saul's insights are invaluable. Saul gives us the lowdown on what’s really happening within the Aussie economy compared to global standards. And with the majority of us feeling the pinch from rising costs, Saul breaks in...
Jun 07, 2024•1 hr•Season 1Ep. 73
Welcome to a BONUS episode you won't want to miss, especially if you're navigating the complexities of family business succession! With a huge thanks to RaboBank and Gen McAuley, this interview was recorded at Beef Australia 2024. This incredible conversation captures the heart of effective succession planning, featuring the Lord family of Lord Pastoral who are based in NW QLD. Their journey is filled with lessons on alignment, communication, and overcoming the challenges that many family busine...
Jun 01, 2024•52 min•Season 1Ep. 72
Join us in this episode of the Wealth & Wisdom podcast as we unravel the intricate dynamics of family conflicts within businesses. We've all witnessed seemingly insignificant disputes escalate into full-blown crises, threatening both the business and familial bonds. But fear not, because today, we're joined by Kate Clark, a seasoned mediator, to shed light on strategies for navigating these treacherous waters. Ever wondered why families struggle with tough conversations? Kate tackles this he...
May 25, 2024•57 min•Season 1Ep. 71
In the latest episode of the Wealth & Wisdom Podcast, we're digging into the turbulent world of the beef market with Matt Dalgleish, a seasoned agricultural market analyst who knows his way around livestock, grain, and wool data. Coming off a brutal year for beef producers in 2023 - with skyrocketing interest rates, soaring inflation, and plunging beef prices - the industry is on edge, and everyone wants to know what's next. Matt breaks down what caused the perfect storm that hit beef produc...
May 11, 2024•54 min•Season 1Ep. 70
Notice anything different?.... The Financial Bloke Podcast has had a small facelift and is now called The AgriCoach Podcast! Everything else remains the same, the new name is just more aligned to what we do 🤩 And so, back to business... In this episode of the Wealth & Wisdom podcast, we embark on a journey into the realm of animal biotechnology, a field poised to revolutionise livestock production as we know it. Picture this: bulls siring calves with no genetic resemblance to themselves. So...
Apr 27, 2024•51 min•Season 1Ep. 69
Welcome back to the Wealth & Wisdom Podcast, where we dive into the intricacies of tax planning with Russell Strack. Whether you've faced adversity in 2023 or enjoyed a profitable year, navigating tax obligations smartly is crucial. Russell shares insights on seizing opportunities for tax planning and optimising returns, especially in challenging times. We'll explore questions such as what tax planning entails, whether procrastination until the last week of June is wise, and if minimising ta...
Apr 13, 2024•51 min•Season 1Ep. 68
Welcome to an inspiring journey of resilience and determination with our guest, Alice Mabin. From overcoming addiction and adversity to founding AgriShots, Alice's story is a testament to the power of grit and passion. In a world where challenges are inevitable, Alice's unwavering spirit and refusal to accept limitations inspire us to push boundaries and pursue our dreams relentlessly. From facing rejection to building a thriving business, her journey is a reminder that obstacles are merely step...
Mar 30, 2024•46 min•Season 1Ep. 67
Join us as we dive into the vital aspect of family dynamics in business success. Just like a tractor with an oil leak, familial misalignment can wreak havoc on a business, often with catastrophic consequences. With guest Jill Rigney, founding director of The Right Mind, Ben explores the intertwined nature of financial and familial strength, asserting that prosperity in one is nearly impossible without the other. In the episode, Ben & Jill uncover the pivotal role of family connections in bus...
Mar 17, 2024•1 hr 1 min•Season 1Ep. 66
Tune in to the latest episode of The Financial Bloke's Wealth & Wisdom podcast for a fresh take on family succession planning. Join host Ben Law as he shares the insightful recording of the recent Beef 2024 Next Gen webinar focused on empowering young individuals to navigate the intricate world of succession planning. Featuring esteemed panellists Ruth Corrigan, a seasoned 5th Generation Beef Producer, and Jeremy Hutchings, the distinguished Head Coach and Managing Director of Farm Owners Ac...
Mar 03, 2024•58 min•Season 1Ep. 65
Join Ben today on a journey into the heart of family dynamics with communication expert Katie Godden, on this episode of The Financial Blokes Wealth & Wisdom Podcast. Ben and Katie delve into the often-overlooked yet critical role communication plays in the success — or downfall — of family enterprises. Ben and Katie explore the reasons why effective communication is essential for maintaining familial harmony and multi-generational prosperity. They debunk common myths about communication wit...
Feb 18, 2024•49 min•Season 1Ep. 64
Welcome back to The Financial Bloke’s Wealth & Wisdom podcast! Today, we're diving into the mysterious world of marketing, demystifying it for agribusiness owners who find themselves lost in the digital wilderness. As a rural producer, you've likely encountered the challenge of mastering things like websites, Facebook, Instagram, and Google Ads — tools that can either drain your resources or catapult your agribusiness into growth if wielded correctly. Our guest, Brendan McDonald, Director of...
Feb 04, 2024•53 min•Season 1Ep. 63
In this episode, we will be delving into the often overlooked but crucial topic of general insurance for farmers, graziers, and business owners, which is fundamental to protecting assets effectively. To share his knowledge and shed light on the subject, General Insurance Specialist David Mathieson from Agripro joins the conversation. The key topics discussed during the episode include: Understanding General Insurance: Exploring the concept of general insurance and its significance for farmers an...
Jan 21, 2024•46 min•Season 1Ep. 62
Stress-onomics – Is Stress or Burnout Impacting Your Profits? Welcome back to the Financial Bloke's Wealth and Wisdom Podcast. Today, we delve into the impact of stress and mental health on family agribusinesses and explore tools to build resilience. Stress, like an unnoticed oil leak, can lead to catastrophic consequences if ignored. I've encountered numerous successful farming families facing roadblocks rooted in stress-related issues, impacting not only their personal lives but also the profi...
Jan 07, 2024•53 min•Season 1Ep. 61
In this episode, Ben is being interviewed by Sam Fryer, the host of A Place To Call Home Podcast, about some of the basics young entrepreneurs need to be aware of when starting out in business. Key Considerations for Young Entrepreneurs 1. Knowing Your 'Why' Highlighting the importance of understanding the motivation behind starting a business. Emphasizing the challenges of entrepreneurship and the commitment required. 2. The Importance of Vision Setting Discussing the significance of having a c...
Dec 21, 2023•46 min•Season 1Ep. 60
Welcome to our latest episode of the Wealth and Wisdom podcast! This episode was recorded live at the Young Beef Producers Forum in Roma where I interviewed my mate Geoff Birchnell of 3R Beef. You’ve heard me talk about succession planning a lot and it is a major challenge in the Ag industry. I have done a number of podcasts which have been hugely popular about how a family can progress a succession plan when they are stuck or just at a loss as to what to do. But what if your parents don’t opera...
Dec 11, 2023•1 hr 2 min•Season 1Ep. 59
In this episode, I'm joined by the esteemed Brendan Rogers, leadership & performance coach and host of the Culture of Leadership podcast. Brendan takes us on a journey through his diverse background, from coaching football to leading in the corporate world. We delve into the essence of leadership, unravelling the importance of character development, competence building, and connection creation. Brendan's insights, honed through years of experience, offer a fresh perspective crucial for succe...
Dec 03, 2023•58 min•Season 1Ep. 58
Welcome to the latest episode of the Financial Bloke Wealth & Wisdom podcast! Today we have in IT specialist Joel Winters, to educate us and give us some tips for what we can all do to beef up our defences against Cybercrime. As we all know, Cybercrime is only getting more frequent and sophisticated and the Ag sector is by no means immune. In fact, having been somewhat insulated against traditional crime due to its remoteness, Ag is potentially a ripe target for Cybercriminals preying on the...
Nov 19, 2023•55 min•Season 1Ep. 57
In our latest episode, we have the privilege of sitting down with Ian McLean, director of Bush Agribusiness and co-author of the newly released "2023 Australian Beef Report". Fresh off the press, this report offers detailed current information on the financial and production performance of the Australian beef industry. During our conversation, Ian shares the key performance indicators (KPIs) highlighted in the report, shedding light on what distinguishes the top cattle grazing businesses and the...
Nov 05, 2023•44 min•Season 1Ep. 56
In this episode, we are fortunate to have back Richard Rains, a well-known and successful figure in the Australian meat export industry, to discuss the crucial topic of building networks for success and fulfillment. Richard, a passionate advocate for mentoring young talent, is a keen supporter and board member of the Zanda McDonald Award which provides opportunities that can transform the lives of aspiring individuals. Ben and Richard will be exploring the power of networks, and the significance...
Oct 22, 2023•48 min•Season 1Ep. 55
Welcome back to The Financial Bloke's Wealth & Wisdom podcast! I'm your host, Ben Law, and today's episode is packed with valuable insights on ambition, patience, failure, and the power of mentors. Our guest today is Tess Camm, an exceptional woman who grew up on a cattle station, has won several scholarships and awards, completed a business degree, worked her way up to the General Manager of Signature Beef and is now embarking on her own farming venture alongside her husband. This episode i...
Oct 15, 2023•45 min•Season 1Ep. 54
In this episode of Wealth & Wisdom, your host Ben takes us with him on the journey from his trial retirement to discovering his life's new purpose. After receiving a rather stern ultimatum from his wife (which involved the threat of a "grisly death" if he stayed home and under her feet), Ben embarked on a quest to find a new challenge. That quest led him to the creation of this very podcast. Ben's newfound mission became to explore and share the fundamental factors of success for driven and ...
Oct 01, 2023•46 min•Season 1Ep. 53
Today, we have a truly inspiring guest with us: Trudie Payne. Trudie, along with her husband Liam and their two children, Mitch and Bronte, manages a successful grazing operation in the heart of Central Queensland. Trudie's life took an unexpected turn in 2018 when she was diagnosed with one of the most aggressive forms of Melanoma despite being the picture of fitness, happiness, health and drive. In this captivating episode, we're going to delve into Trudie's remarkable journey – from her initi...
Sep 17, 2023•31 min•Season 1Ep. 52
Join us as we return to the historic Goonoo Goonoo Station in Tamworth, NSW, for another exciting episode recorded live at the pre-bull sale dinner of the 3R Beef annual stud sale. In this special panel interview, I sit down with industry leaders to delve into the heart of the beef industry's future. The theme of this year's panel discussion: “Reimagining The Future of the Beef Industry”. With a panel of high-calibre guests, carefully curated for our audience of driven and successful commercial ...
Sep 03, 2023•50 min•Season 1Ep. 51
This episode’s guest is Ben Law, The Financial Bloke. While Ben is a successful coach and podcaster in the agriculture space, today he’ll be discussing the incredibly challenging journey he faced when he and his wife chose to try and have kids, despite the fact he had been told he'd never be able to have children years earlier. In this episode Ben shares: What it felt like to be told he would never be a father The painful and emotional process men must go through during IVF How the IVF process w...
Aug 20, 2023•51 min•Season 1Ep. 50
In this episode, we're delving into the tax trap that will affect many farmers and graziers when purchasing new machinery. For years, the question of whether upgrading machinery helps with tax has been a common concern, especially during the period of the instant asset write-off. However, with the government returning to pre-pandemic tax rules, understanding the tax implications is now more critical than ever. To guide us through this complex subject, we have a special guest, Chris Eccles, accou...
Aug 06, 2023•41 min•Season 1Ep. 49
Today we're diving into the high-tech world of drones and their adoption in agriculture. Our special guest is Luke Chaplain, a fourth-generation grazier from North West Queensland and the founder of SkyKelpie. Luke's expertise in drone mustering has made him a leading authority in the field. In this episode, Luke shares the fascinating story behind SkyKelpie and how his passion for agribusiness, coupled with groundbreaking drone mustering trials, led to the creation of his innovative company. We...
Jul 23, 2023•39 min•Season 1Ep. 48
In this episode of "The Financial Bloke's Wealth & Wisdom," host Ben Law undertakes a fascinating discussion with Andrew Roberts (Business Coach & one of the founders of The Farm Owners Academy), about the incredible power of shared values in aligning families for success. They explore how deeply ingrained values serve as the cornerstone for building thriving families, not just in financial terms but also in terms of overall fulfillment and well-being. Join Ben and Andrew as they discuss...
Jul 09, 2023•51 min•Season 1Ep. 47
