Christmas hours 2023: Closed 22 December, reopening on the 3rd of January.

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Rescue work: why is it rewarding?

Rescue work in bookkeeping is like being a financial detective, and it's a task that many experienced bookkeepers find themselves undertaking at some point. Essentially, it involves helping a client whose books or payroll have fallen into disarray – whether due to falling behind or simply getting things wrong.Picture this: you're tasked with untangling a mess, perhaps even going back to square one, to pinpoint where things went off track and set them right. This often requires a strategic appr...

February 12, 2024

Welcome to 2024!

We started again on the 3rd of January and are finishing our first working week of the year. We feel energised refreshed and ready for 2024. We wish you and your loved ones a year filled with love, health, joy, and prosperity....

January 5, 2024

Christmas hours

We are all taking some time off over Christmas to rest, recharge, and spend time with our family and friends. We are closed on Friday the 22nd and will re-open on the 3rd of January. Wishing you a Merry Christmas and a Happy New Year!...

December 14, 2023

Fonterra lifts forecast FY24 earnings and Farmgate Milk Price after strong Q1

Fonterra Co-operative Group Ltd today increased its forecast Farmgate Milk Price and earnings guidance for FY24 following a strong start to the year. The forecast Farmgate Milk Price midpoint for the 2023/24 season is up 25 cents to $7.50 per kgMS, with the forecast range moving from $6.50 - $8.00 per kgMS to $7.00-$8.00 per kgMS. Fonterra CEO Miles Hurrell says the revised forecast reflects recent strengthening in demand for reference commodity products from key importing regions...

December 8, 2023

Credit Crunch

This month I have again been confronted by the crunch created by a low payout, high costs, high interest rates and a change in how banks operate with a couple of clients. Ironically, it is the seasoned farmers who get caught out by this. They have been with the same bank for years and are used to a relaxed bank manager. Until recently they got an overdraft by calling their bank manager and the overdraft was available within days. Banks have become much more formal in their processes in the...

October 27, 2023

Include your values in your recruiting process

This month I got inspired to challenge you to define your values and the mission of your farm and include them in your recruitment process.Why are your values important when recruiting?The reason for struggling to find the right staff or retain staff (even if they have the skills) is that their values do not align with yours. When you hire someone who is inspired by your passion for your farm and shares your values, they may lack some skills, but they will learn the skills they need. Yet if thei...

October 16, 2023

Breakeven Price for Milk Updated

DairyNZ has revised its breakeven milk price, as one way to help farmers navigate the challenging economic conditions they face this season. DairyNZ head of economics, Mark Storey, says many dairy farmers will be finding the current milk price and inflation issues difficult to take, and how to navigate this season’s reduced income will be causing real concern on many farms.“We know dairy farmers have a difficult season ahead, in light of the reduced milk price and continuing high farm costs,...

September 23, 2023

‘Farm first’ approach wins plaudits for West Coaster

Meet West Coast dairy farmer Panda Mirfin.Panda Mirfin can’t actually remember how he got the moniker — it dated back to primary school and stuck — but he definitely gets called Panda more than he is called Andrew.Panda’s family have been on the coast since the 1860s.He was born and bred there himself on what was originally a sheep and beef farm on the outskirts of Ikamatua, in the Grey Valley. It was converted to dairy in the mid-1990s.Panda’s nominator, who has worked in the agr...

September 22, 2023

Year of the Farmer 2023

Farmlands is backing ‘Year of the Farmer 2023’ by sponsoring this year’s People’s Choice Award.   ‘Year of the Farmer 2023’ is all about highlighting the achievements of South Island farmers and growers who pride themselves on their excellent farming practices, positive impact on their community, and their contributions to our economy, our land and our identity.   As the go-to for everyone connected to our land, this is a great way we can support Kiwi farmers and farming.   Th...

September 18, 2023

Nurturing the Land and the Soul

Farming is not just a profession; it's a way of life deeply intertwined with the rhythms of nature. However, the life of a farmer can be incredibly demanding, both physically and mentally, especially during challenging years when factors like market downturns, cost increases, unpredictable weather, and personal hardships converge to create a perfect storm of stress.In such times, practising self-care is essential, enabling you to navigate adversity with resilience and maintain your own vitality ...

September 14, 2023

Financial Year End is here!

For many New Zealand businesses, the Financial Year ends on the 31st of March, including my own business. For most farms, the year-end is the 31st of May or the 30th of June to fit with the farming season. This is a busy time of the year as the farming season ends, cows are dried off, animals are shipped off to grazing, the staff is trying to take a break, and maintenance and setup for the new season all need to be finished before the next round of calving/lambing starts.  Some prepara...

April 17, 2023

Minimum wage increases to $22.70

On the 8th of February, the government announced that the minimum wage would increase by $1.50/hour to $22.70/hour per the 1st of April 2023, a 7% increase in line with inflation.A salary review should be done before the 1st of April for those of you employing staff. Check if your team still gets paid above minimum wage at the hours they are contracted for once the minimum wage rate is $22.70/hour.For years I have run the salaries of all my clients' teams through a spreadsheet showing how many...

February 13, 2023

New year, new plans

Start this second half of the season by updating your cash flow budget or plan. It is easy to create a cashflow budget for the upcoming season, get caught up in calving, mating, cropping, etc, and not monitor or update your plans. Use the energy of the New Year to evaluate your budget and even think about next season. What is not going to plan? What do you want to do differently? What do you need to do next season? Do you need to invest in technology or people? Buy cows/sell cows? Test...

January 20, 2023

Getting your Christmas payroll right

Christmas/New Year fall on Sunday and Monday this year. The 25th of December and the 1st of January can move to Tuesday depending on the employee’s roster. I always make a little flow chart (see above) and work it through that for every Employee for the Public Holidays. Everyone gets 2 Public Holidays (not 3!), but which ones they get is determined by their roster. For each day there are three options, which depend on whether it is Tuesdayised: Sunday the 25th (can be Tuesdayised): 1. The Empl...

December 16, 2022

Holiday Hours

Like most people who can, we are taking a break to rest, recharge and spend time with our families. We will be out of the office from the 23rd of December until the 16th of January. Payroll will continue on it’s normal schedule as usual. We are happy to pre-process Christmas payrolls (with any corrections if needed in January) if you would like to free up your own time around the public holidays.Feel free to email, message and call us during this time, just be patient as we are soaking up som...

December 7, 2022

Criminal history check

How to hire someone subject to a satisfactory criminal history check? Requirements for hiring subject to a criminal history check How to do a criminal history check? It is not quite as easy as it was when I last did one myself in early 2020, when it just required a signed form and a copy of an ID.  Requesting own criminal history  You can get the candidate to request their own criminal history and show it to you. This can be done online and is free. It requires the employees ID and the...

October 14, 2022

Employed the wrong person for your farm?

Those of you that have experience with employing people and judging if they fit your farm, also unfortunately have been taken in by someone presenting themselves very well at an interview and turning out to be the total opposite of nice and experienced once they start work. One of my clients is going through this scenario at the moment which prompted this blog post. As the shortage of employees continues farmers are virtually forced to employ people they have doubts or reservations about an...

October 14, 2022

Farm Emission Plans

From Fed Farmers NewsOctober 11, 2022 by Bronwyn WilsonThe greenhouse gas reduction plan released by the government this morning will rip the guts out of small town New Zealand, putting trees where farms used to be. The plan aims to reduce sheep and beef farming in New Zealand by 20% and dairy farming by 5% to achieve the unscientific pulled-out-of-a-hat national GHG target. This is the equivalent of the entire wine industry and half of seafood being wiped out.The government’s rehash...

October 14, 2022

One-off Public Holiday

𝙈𝙤𝙣𝙙𝙖𝙮 𝟮𝟲𝙩𝙝 𝙎𝙚𝙥𝙩𝙚𝙢𝙗𝙚𝙧 - 𝙊𝙣𝙚-𝙤𝙛𝙛 𝙉𝙖𝙩𝙞𝙤𝙣𝙖𝙡 𝙋𝙪𝙗𝙡𝙞𝙘 𝙃𝙤𝙡𝙞𝙙𝙖𝙮 The government announced on Monday the 12th of September that New Zealand will mark the passing of Queen Elizabeth II with a State Memorial Service and one-off public holiday on Monday 26th September. Normal rules for working and paying employees on public holidays will apply.  This is an unprecedent...

September 14, 2022

A graduate program for the dairy industry.

Young dairy farmers are hitting the ground running thanks to a new graduate training programme in Canterbury. When Tony Dodunski visited a Lincoln University careers expo last year, he spotted a gap in the training market. "Many individual businesses and professions offer graduates something the general dairy industry doesn’t — and that’s a graduate training programme.” Tony and others set about plugging the gap by developing the...

September 14, 2022

Queen Elizabeth 1926 - 2022

We all have seen a lot of documentaries, comments and personal memories about our queen's 70 year reign since her passing on the 8th of September in Scotland.  Apart from having a lot of respect for the dedication of someone on the job for 70 years, what struck me personally was how much she was a country person at heart.  She was at her happiest at Balmoral and her personal interest in dogs, horse and cows was even longer lived than her reign. The 47 year relationship with a family in...

September 10, 2022

Farmer confidence plumbs new depths, Feds survey finds

August 1, 2022 by Simon EdwardsIn January farmer confidence was at the lowest level recorded in biannual surveys that Federated Farmers has been running since 2009. Last month’s survey found it had dropped even further.More than 1200 farmers from around New Zealand responded to the July survey and a net 47.8% of them considered current economic conditions to be bad, down 55.6 points from January when a net 7.8% considered conditions to be good.Despite the slide in confidence, farmer...

August 5, 2022

Recruiting Staff Update via Dairy NZ

Latest immigration news Dairy Class Border ExceptionThe dairy sector was granted 1,000 employees (plus their families) to cross the NZ border to work on dairy farms. This is called the Dairy Class Border Exception and is open for applications until 7 August 2022. More information and an application form can be found here.New Accredited Employer Work VisaOn 4 July 2022, the final stage of the new Accredited Employer Work Visa (AEWV) process opened. The AEWV effectively replaces the Essential...

August 2, 2022

Dairy Farm Expense Price Index up

New Zealand is up in arms about the consumer price index, with inflation the highest it has been since the GFC in 2008.  Everyone is curbing their spending to be able to afford the basics.  For farmers it is the same story, only magnified. Farms are doing it tough despite the record milk pay out, the Dairy Farm Expenses Index is 10.6% up between March 2021 and March 2022. Now in July 2022 it is more like 12-13%. Higher input farms are hardest hit as diesel/petrol, fertiliser and f...

July 13, 2022 Posts 1-24 of 24 | Page