3 ways profit-driven operations are getting their farms audit-ready this EOFY
EOFY isn’t just about reconciling numbers, it’s a strategic opportunity to set your livestock business up for greater profitability, smoother audit compliance, and long-term sustainability. The most profitable farming operations are using this time to tighten up their systems, improve farm decision-making, and future-proof their enterprises.
Whether you’re preparing for an audit, seeking farming compliance support, or planning for farm succession, here’s how leading producers are getting audit-ready and staying ahead.
1. They centralise data to reduce risk and prepare for audits
From NLIS records to treatment history, every data point matters when it comes to farm auditing. Profit-driven producers are no longer sifting through notebooks or spreadsheets, they’re using digital farm management software to bring everything into one secure place.
Why it matters:
With increased focus on traceability, sustainability, and agriculture laws, being able to quickly generate reports or provide a farm audit checklist to an auditor isn’t just convenient, it’s essential. Using tools like AgriWebb also ensures you’re ready to participate in carbon farming initiatives or organic farming certification programs, which require high levels of transparency and record-keeping.
2. They connect farm records with financial performance
EOFY is the ideal time to assess the cost of livestock production and make informed decisions about how to lower input costs without sacrificing output. The most profitable farms are using data not just for compliance, but to drive strategy.
What profitable farmers are doing:
- Reviewing cost-per-head trends to identify inefficiencies
- Comparing grazing and feeding strategies with weight gain and sale outcomes
- Working with agriculture financial advisors and farm consultants to align operational decisions with financial goals
3. They use EOFY as a reset point for long-term planning
EOFY isn’t just a time to close the books, it’s a time to look forward and set goals for the months ahead. Top producers are taking stock not just of their finances, but their team, their machinery, the long-range weather forecast, their grazing plans, they’re working with farm advisory services and succession planning consultants to map out their next 3, 5, or even 10 years – you get the point!
What this looks like in practice:
- Building succession planning for family farms into their yearly business review
- Reviewing eligibility for value-added programs like carbon credits for farmers or natural capital reporting
- Incorporating insights from regenerative agriculture consulting to improve resilience and long-term sustainability
- Review your team’s performance and set goals for the next financial year
Ready to take control of your livestock business this EOFY?
From compliance to carbon, farm profitability to future planning, EOFY is your chance to get on the front foot. And we’re here to help you get there with smarter record-keeping, better insights, and powerful planning tools all in one place.
P.S. If you’ve been thinking about making the move to AgriWebb, now is the perfect time. Until June 30th 2025, you can get 40% off your first year with AgriWebb. Start tracking what matters and planning with confidence.
