Succession is a topic in farming that almost everyone has a story about, and sometimes those stories don’t end well. While there are certainly some horror stories, succession can also be a really exciting time. Seeing the next generation step in, bringing new perspectives, and even giving Mum and Dad the chance for a well-earned … Continue reading Successful Succession
The past couple of years have been extremely tough for farmers, and your financials may not look the way you’d like right now. It’s easy to assume that a few poorer seasons mean there’s no chance of negotiating a better deal or exploring new finance options, and the idea of switching banks can feel especially … Continue reading Why a Tough Year Doesn’t Mean You Can’t Negotiate a Better Deal
One of Your Top 3 Expenses… and Barely Questioned? Interest payments are often one of the top three expenses on a farm business’s profit and loss statement. When other costs blow out like fuel, fertiliser or repairs most farmers take a good hard look at what went wrong and what they can do differently next … Continue reading Top 4 Reasons Farmers Avoid Reviewing Interest Rates
Getting the Right Finance for the Right Equipment At Purvis AgriFinance, we know that having the right gear can make a huge difference to how your business operates, whether that’s on the farm, on the road, or on the tools. That’s why we offer tailored asset finance solutions for commercial and agribusiness clients looking to … Continue reading Asset Finance to help get the job done
Why preparation pays off Right now, large parts of rural Australia are struggling through tough conditions. From floods in NSW to dry conditions in South Australia, farmers are under pressure. Getting the right finance in dry times and making the right financial decisions is more important than ever. If you’re dealing with a dry season, … Continue reading Get the right finance in dry times
Why looking after your mental health is important for you, your family and farm. Running a farm or an agribusiness is more than a job. It is a lifelong commitment filled with challenges and unpredictability. Having a positive farming mindset isn’t a luxury. It’s a necessity. Changing weather and volatile markets means the only certainty … Continue reading Build a positive farming mindset
Happy New Year! It’s hard to believe we’re on the way to being halfway through this decade. 2024 delivered challenges across many sectors, but there were also opportunities. Agriculture plays an important role in the national economy, and in the health and wellbeing of regional Australia. But, it's also affected by external factors like market … Continue reading 2024 Review & Outlook for 2025
Understand how the new rules could affect you As we head towards the end of another challenging year, there is a significant change facing the agriculture sector. From 1 January 2025, many large Australian businesses and financial institutions will need to prepare annual sustainability reports. These reports will include mandatory climate-related financial disclosures, including carbon … Continue reading Carbon Reporting and Agribusiness Lending
Get agribusiness finance advice and support to help you weather tough times. Drought, frosts, financial instability, global conflict and cost-of-living pressures. It feels as if we’d only just recovered from the effects of the pandemic before Australian farmers and agribusiness were faced by a range of challenges – sometimes all at once. With experienced farmers … Continue reading Struggling to Stay Positive?
When was the last time you reviewed the succession plan for your farm or agribusiness? Do you even have one? Even if it feels like your retirement is years away, you still need to think about what happens next. Most succession plans take a couple of years to work through. Having a solid succession plan … Continue reading Why Banks Get Nervous When Succession Plans are Strained
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