Rural

Rural Accountant Tips To Stay On Top Of Finances + Manage Budgets

"Farmers need to be aware of their budgets and use them as a main dashboard. It’s crucial to manage cash flow, especially during periods of stagnant advance rates," he says.

Rural and Commercial Accountant Paul Duynhoven is the Director of +More in New Plymouth and with Fonterra's advance rates flatlining, emphasises the importance of meticulous budget management and savvy cash flow strategies.

He stresses the necessity for farmers to fix input costs and milk prices to secure financial stability as well as discussing long-term goals, including debt reduction, farm succession, and environmental initiatives. 

Duynhoven underscores the importance of personalised support, ensuring each farmer's unique needs are met.

Listen to the full chat between Paul Duynhoven and Julia Jones above.

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