Ian Durham – Rural Financial Counsellor

Establishing Business Resilience

In preparation for natural disasters it is essential that you maintain sound business fundamentals in place leading up to the event. 

This includes the Following:

• Have adequate banking facilities in place.
• Keep up to date and accurate production records.
• Keep good financial records.
• Have insurance in place as well as double checking its the right type of insurance.
• Keep on top of the office paperwork.
• Review your business structure.
• Have a succession plan.

By implementing these core business fundamentals you can potentially save a lot of  frustrations during a natural disaster event.

This will allow your business to effectively focus on the disaster recovery process.

Getting Back to Business – 3 Steps to Take

1. Borrow funds to start rebuilding.
2. Government assistance grants.
3. Farm Management Deposits.

Ian outlines how these new funds can also be utilised to either repair crop damage or establish a new crop.

This is been a core focus on QRIDA low interest loans in the past to help farmers get back on their feat.

Just keep in mind when replaning to soil test and sap test to ensure there are no nasty suprises left behind from the natural disaster. 

Disaster Recovery Information

Climate Risk Assessment Template: Explore a framework designed for coastal climates.

Prevent Information Sheet: Reassess and monitor your climate risk. 

Have access to the latest Forecasts & Seasonal Outlooks.

Climate Comparison Tool: Compare and contrast climates across a variety of different areas. 

Bowen Climate Risk Assessment: Discover the level of climate risk for the Bowen area.

Bowen Climate Infographic: A handy infographic outlining climate risk in Bowen.

Emergency Management Plan: How to establish an emergency management plan.

Natural Disaster Information Sheets: Incredibly handy factsheets on natural disasters.