Profitable Farmer

# 190 - Are Your Business Structures Impeding Your Farm Business’s Success? with Andy Fenton

Profitable Farmer

Show Notes

A good season can hide a lot. So can a strong balance sheet. But performing well on the surface does not always mean the business is built on the right foundation. Risk builds quietly. Options narrow over time. And by the time most farm owners recognise it, they have less room to move than they thought. In this episode, Jeremy sits down with Andy Fenton, Managing Director of Fenton Financial, who brings more than 20 years of experience across financial planning, funds management and investment banking, to unpack a confronting but important idea: It can be our business structures that kill our farm businesses. Not all at once. Not dramatically. But over time, through outdated structures, poor protection, limited leverage, unnecessary tax inefficiency, and too much control sitting with the bank. Andy explains why so many farming businesses are still operating in structures that were inherited, kept because they were simple, or never reviewed as the business grew. He talks through what can go wrong when land, machinery and trading operations are tied together in the wrong way, and why that can leave farming families more exposed than they realise. We cover:

why outdated structures can quietly hold a farm business back

the risks of having land and trading activities sitting together

how tax averaging and poor structuring can limit flexibility

why banks can gain too much control when security is not set up well

how better structures can improve protection, succession and wealth creation

We often see farming families operating in structures that no longer fit the business. That’s why conversations with specialists such as Andy matter. While Farm Owners Academy is not an accounting firm, we help members ask better questions, think more strategically, and strengthen the business behind the farm through the deeper support available in our 3-year comprehensive Platinum Mastermind program.

If this episode has raised questions about how your business is structured, you can learn more about Andy and his work at https://fentonfinancial.com.au/

Andy, thank you for bringing a clear and commercially grounded perspective to how structure, tax and leverage can shape the level of risk, control and succession in a farm business.

Till next time, Jeremy Hutchings & The Farm Owners Academy Team

More from Profitable Farmer

Oct 22, 2026

G’day everyone, How often have you heard it said, or perhaps said it yourself, that good people just don’t exist anymore? That they’ve all gone to the mines, or that the younger generation in our area just don’t want to work? I understand why we feel that way. Recruiting is hard, especially when we’re farming remotely. But a mentor of mine once said something that really challenged me: we get the people we deserve. I truly believe who we attract to our teams comes down to three things: how good we are as employers and leaders; how good our recruitment system is; and how well we select, then onboard. In this episode I’m joined by two of our own, Michaela Malicki, our FOA Operations Manager, and Sunny Roberts, our People and Culture Manager. Together they’ve helped us welcome more than 30 new team members over the last five years. Sunny has also worked alongside many farming families, helping them find, recruit and settle great people into their businesses. Their professionalism, and their genuine care for every candidate, is something I’m so proud of. Grab a pen and paper. We unpack:

Oct 8, 2026

Achieving a successful startup as a first-generation farmer is a tough assignment. On top of that, achieving a ‘direct to consumer, first generation farm’ is even harder. Tens of thousands, as you all know, have tried. Very few have succeeded. Meet Tim and Hannah and The Food Farm. Their story is remarkable. Their passion inspiring. Their determination unwavering. 5 years ago, Tim was a sole-operator contractor… surviving on borrowed machinery and blind faith. Hannah an opera singer from inner-Adelaide. Their first $2,000 came from a potato harvest festival that was nearly washed out by floods. It bought their first chicken caravan, towed home to New South Wales from Victoria. Today, and where they've arrived to is something to be immensely proud of. Tim and Hannah now lead a team of ten, run their own on-farm butchery, and grow pasture-raised chicken that has been awarded at the Sydney Royal Fine Food Show three times. Their organic, quality produce and endeavour even earned them a recent audience with our King! Every week, 600 to 700 people sit down to beautiful produce grown by Tim, Hannah and their passionate team. In this episode, Tim, Hannah and I explore:

Sep 24, 2026

What if living longer had less to do with finding the perfect diet, supplement or exercise program… and more to do with how we live, what we believe and who we surround ourselves with? In this episode, I’m joined by the incredible Marcus Pearce, a longevity strategist, speaker, author and host of 100 Not Out. Marcus recently joined us at our FOA Deep Dive Workshop, and I was struck again by the way he challenges so many of the assumptions we carry around health, ageing and what it means to live a genuinely exceptional life. We explore:

Sep 10, 2026

Uncertainty Is the Only Certainty: Building Resilience with Psychologist Maria Ruberto Two hundred episodes in, and the thread running through nearly all of them is this: the numbers matter, but what's going on in our heads and hearts is what determines whether we thrive or just survive. So for this milestone, I wanted to talk human emotions properly, starting with the one none of us can avoid. Uncertainty is almost the only certainty we've got as farmers. But it isn't a sign that something's wrong with you. It's a normal state your brain moves into when it can't predict what happens next, and once you understand that, you can move through it with a lot more strength. That's exactly what we dig into today with psychologist Maria Ruberto. Maria Ruberto is a psychologist, certified applied Neuropsychotherapist and Founder of Salutegenics. With more than 30 years of experience across education, clinical practice, leadership and workplace wellbeing, Maria delivers science-backed training programs that help individuals, teams and organisations build resilience and strengthen their ability to support the wellbeing of others. Her approach focuses on understanding the powerful connection between biology, psychology and behaviour. In this Learning from Legends episode, we reconnect with Maria, who has previously presented to our FOA alumni and joined us on the podcast before, to unpack a topic every farmer knows intimately: uncertainty, and how we manage our exposure to it. We explore:

Aug 27, 2026

AI is moving fast — incredibly fast — and whether we like it or not, the game has changed. In this week’s episode, I sit down with Sam Johnsson, CEO of Farm Owners Academy. Sam, along with Michaela, Greg, and the broader FOA team, has been doing outstanding work in this space, not just exploring what AI can do, but figuring out how we can use it practically to build better businesses and better outcomes for farm owners. We unpack what AI really means for agriculture and why I believe the opportunity in front of us is enormous. From using ChatGPT or Claude as a smarter research partner, through to analysing data, improving decision-making, building systems, automating repetitive work and even capturing 40 years of knowledge from inside a farmer’s head, the capability is extraordinary. But we also talk about the other side of it: security, accuracy, the risk of AI being “confidently wrong”, and why good judgement, trusted advisers and knowing what good looks like still matter enormously. Sam also shares a really useful framework for understanding where you are on the AI journey, and, more importantly, how to take the next step without feeling like you need to become a technology expert overnight. My encouragement is simple: don’t sit on the sidelines. Get curious. Have a play. Start small. Because this technology is going to touch almost every part of business and life, and I think those who learn to use it well will have an extraordinary advantage. I really enjoyed this conversation with Sam, and I hope it gives you the confidence and a few practical ideas to start putting AI to work in your business. Keep winning! Hutch & The Farm Owners Academy Team P.S. If this episode has you thinking it's time to get more out of AI in your farm business, Sam is running a 90-minute live workshop on 21 & 22 October. You’ll learn how to spot the work where AI can create genuine leverage, then set it up with the context, standards and guardrails it needs to do that work properly in your operation. See the workshop and register here.

See all episodes →