Asset Finance to help get the job done

With a few changes at Purvis AgriFinance, I thought now would be a good time to highlight what we do, how we do it, and how we aim to be a real asset to your business, whether you’re a long-term client or just getting to know us.

A Quick Recap – What We Actually Do
In short: we help people in agri and commercial secure the right finance to grow, restructure, or just keep things ticking along. Whether it’s negotiating with banks, refinancing existing loans, expanding operations, or simply figuring out your best option, we’re the broker in your corner.

Our role doesn’t stop at the loan application. We work with you all the way through: from structuring your cash flow to attending bank meetings, liaising with accountants, reviewing interest rates, or giving you a second opinion when things change.

We’re not just here for the big, urgent stuff either. Sometimes it’s just helpful to have someone to bounce ideas off, check your numbers, or get a better understanding of your options. You don’t need to be at crisis point to give us a call, in fact, we are much more likely to be able to help you if you contact us early.

We are visiting the Eyre Peninsula – Cummins, Tumby Bay and surrounds on the 8th-9th of July. If you have been thinking about getting in contact and you are in the area, give me a call or email to organise a free, no obligation appointment to learn what we do.

Out and About – What We’ve Been Up To This Month

June has been another busy month with plenty of client visits across the state. These meetings vary depending on your needs – some are to look at new lending opportunities, others to review existing facilities and see if there are better options out there.

One of the things we really value is sitting down with you and working through your cash flow and other financial tools properly. Not every broker does this. But in our experience, getting the numbers right from the start gives you a much better shot at approval and more confidence in your decision-making.

We also attended a few bank meetings this month, and it’s something we always encourage. Having someone at the table who speaks the same language as the lender can take a lot of pressure off. We’ll help interpret what’s being said (and what’s not) and can often spot opportunities or pitfalls early.

And of course, not every meeting is about loans! We’ve had a few cuppas and chats too, just catching up and keeping in touch. This gives us an opportunity to review how your business is travelling and stay up to date with your financials.
With Laura recently joining the business, one of our goals is to extend our reach and be able to visit more clients, more often, including those further afield. It’s not always easy juggling the travel, but Zoom or phone calls work just as well in between visits.

Spotlight on: Asset Finance

Asset finance is one of the most flexible tools we offer, ideal for farmers and business owners looking to upgrade equipment without blowing the budget. Here’s why it’s worth considering:

• Preserve Cash Flow – Keep your cash for running expenses or emergencies.
• Access Equipment When You Need It – Access equipment when you need it rather than waiting.
• Easier Budgeting – Repayments are predictable and can be structured around seasonal cash flow.
• Protect Other Lending Limits – Asset finance won’t tie up your main loan capacity.

We work with a range of lenders and can help secure funding for everything from tractors and headers to utes and harvest bins.  We also have access to lenders that can finance older equipment as well.

Click Here: Asset Finance to help get the job done

What’s Happening with Interest Rates?

The cash rate held steady in June at 3.85%.

Commonwealth Bank (CBA)
Anticipates 25 basis point cuts in August and September, taking the cash rate to 3.35% by the end of the year.

Westpac
Expects 25 basis point cuts in August and November, taking the cash rate to 3.35% by the end of the year. They have also forecast two additional 0.25% rate falls in Feb and May 2026.

National Australia Bank (NAB)
Predicts a 25 basis point cuts in July, August and November, taking the cash rate to 3.35% by the end of the year.

ANZ
Predicts a 25 basis point cut in August and a further 25 basis point cut next February, taking the cash rate to 3.35% by early 2026.

” A man is only as good as his tools.” — Emmert Wolf, American Writer

Have a great day!!
Deb

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Andrew Whitelaw, from Episode 3 provides a summary of the main bullet points of what is happening in the fertiliser markets.

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The long-range forecast for July to September shows:

• warmer than average nights are very likely across Australia, with an increased chance of unusually high overnight temperatures, particularly across northern, southern and much of eastern Australia

• rainfall is likely to be above average for much of mainland Australia, but there is no strong indication of above or below average rainfall in the south-west and south-east

• warmer than average days are very likely across most of Australia, with an increased chance of unusually high daytime temperatures, particularly across the north and south

Key Findings from the GPSA Survey

Grain Central recently reported on the results of Grain Producers SA’s 2024 grower survey, which highlighted the financial and operational pressure faced by many grain farmers following a difficult season marked by drought, frost, and rising costs. Despite the setbacks, many growers remain optimistic and are continuing to operate sustainably.

Key Takeaways from the Survey:

• 95% of growers reported lower harvests than the year before, with 7% not harvesting at all.
• 85% said farm insurance premiums had risen significantly.
• Over one-third indicated they may need financial support due to the ongoing dry conditions.
• Input and operating costs continue to climb, adding further pressure.
• 48% experienced connectivity issues from the 3G network shutdown.
• Despite the challenges, nearly 80% said they are running profitable or sustainable businesses.
• 63% remain optimistic about the future of the industry, though down from 75% last year.
• Top priorities include reducing input costs, improving rural roads, and ensuring chemical access.

It’s a timely reminder of both the challenges and the resilience within our farming communities.

Risk vs Reality: Is Your Farm Covered?

The “Risk vs Reality: Is Your Farm Covered?” event series, hosted by Ingham & Co in collaboration with Livestock SA, offers free information sessions for Eyre Peninsula farmers and operators. These sessions aim to help attendees understand recent changes in Work Health and Safety (WHS) laws and their implications for farming businesses.

Key topics covered include:

• Updates on the latest WHS law changes and their impact on farm operations.
• Identification of common safety compliance gaps observed on farms.
• Risks associated with seasonal workers, contractors, and training records.
• Tools and strategies to streamline farm safety systems.
• An open Q&A session with Josh Ingham, a farm safety expert and advisor.

These sessions are designed for business owners, farm managers, supervisors, and agricultural contractors, providing practical tools and real-world advice tailored to farming operations.

Event details:

Cummins: Cummins Hotel, 36 Railway Terrace – Wednesday, 9 July 2025, 10:00 AM

Kimba: Eyre Business, 38 High Street – Wednesday, 2 July 2025, 2:00 PM

Wudinna: Wudinna Telecentre, 44 Eyre Highway – Tuesday, 8 July 2025, 10:00 AM