Farming is full of curveballs. Some seasons, the rain shows up when it should, the markets behave, and everything ticks along. Other times, it’s dry as a bone, costs keep rising, and you’re wondering how to make it all work. That’s why smart farmers don’t just focus on the here and now—they make sure they have a plan for what’s ahead.
There may be times when you add up all of your debt or look at your credit card statement and worry about how to manage your debt position. After such a long period of being in a low interest rate environment, the recent interest rate increases announced by the Reserve Bank of Australia may have…
An obvious advantage of drought loan funding is access to concessional interest rates for ten years, but a drought loan could also enable you to implement a ‘once-in-a-lifetime’ intergenerational project. Drought loan success in action Seeking our help in completing a drought loan application has resulted in development of an innovative approach with long-term benefits…
Access to funding or drought support for amounts up to $2 million with a loan term of 10 years at 1.77% variable interest rate can be beneficial, if not critical, for farming business. However, many farmers are put off by the onerous application processes… but a little bit of help can make an enormous difference.…
There is no doubt that drought has affected us all, in one way or another – personally and financially.
For farming businesses, access to finance is an important aspect of recovering from drought and planning for long-term business sustainability. And while there are several drought support initiatives available for farming businesses and families, the application and approval processes can be onerous and time consuming.
Farmers are now faced with extraordinarily long lead times for securing finance, more formal annual review processes for renewals and additional scrutiny and documentation requirements. Without the finance you need, you could miss out on business opportunities. Find out what you can do to stay ahead of the game.
One thing that is certain for a farming business is that nothing is certain! When your income depends on factors out of your control, debt becomes a part of life that enables you to fund working capital or expand your business. But when it comes to securing agricultural finance, it’s not so straight forward and…
Setting aside time to review your finances is important. It’s also one of the easiest ways to keep your plans on track so that you may achieve your financial goals. Goals which might include an immediate solution for making ends meet or longer term goals that might include sorting out an appropriate succession plan for…
Being stuck in the office isn’t quite so bad when the weather is cold outside. We’re about to make one client’s new financial year quite happy after reviewing tenders from interested lenders. We have found a package that has the potential to save them almost $55,000.00 over 5 years! Call us for a review to…
Today saw the new Credit Reporting Rules come into effect in Australia. These new rules bring a change to how your credit history is reported and how much information is included in the reports. To better understand how these changes may affect you, we recommend you take some time to read the information on these…