- Agricultural accounting is a specialist area that requires expertise and an understanding of the agricultural industry.
- Agricultural accountants need to understand fluctuating economic conditions, the unpredictability of the Australian weather and variable commodity prices.
- If you love working with numbers and have a passion for farming, then a career in agricultural accounting could be the right fit for you.
Accounting for agriculture, farming and rural business is a specialist area that requires an expert understanding of the industry. As agricultural businesses play a major role in the Australian economy, businesses require the expertise of specialist accountants to overcome the challenges of operating within this sector.
Agricultural accountants act as a general practitioner for all of the financial needs of an agricultural business - including tax, cash flow and estate planning, and more. They are a trusted advisor and are relied upon to provide strategic and general business advice to assist in decision making.
With their understanding of how the agricultural sector operates in terms of profit fluctuation on a year in year out basis, accountants that specialise in this area are able to understand how fluctuating economic conditions, the unpredictability of the Australian weather and variable commodity prices can all have a significant impact on how the business operates effectively and profitability.
"You get to meet some incredible, hardworking and down-to-Earth people in the Agricultural industry. To be able to provide them with commercial solutions is very rewarding."
Why agricultural accounting could be the right fit for you
Agricultural accounting is best suited for individuals who love working with numbers and agriculture. These specialist accountants are responsible for ensuring the accuracy of financial records, and advising agricultural businesses in developing their farming business from a financial viewpoint.
If you are looking for a career that may offer you the best of two worlds - rural life and the type of job that is often most available in bigger cities - then a career in agricultural accounting may be something to pursue.
Who can you work for?
Jobs in agricultural accounting are similar to accounting roles outside of the industry. In this specialisation, you could work in commercial banks, accounting firms and consultancy agencies. You could also be an accredited accountant and own your own farm.
- Commercial awareness
- Problem solving
- Interpersonal skills
- Succession planning
- Passion for agriculture