A “no” from the bank is not always the full story. Often, it comes down to how your business is understood, and with the right approach, that outcome can change.
When the Bank Says No, It’s Not Always the End of the Story
Planning for the seasons you want, and the ones you don’t
How does your business hold up in poorer seasons? We share the importance of planning for all types of seasonal variability.
Subscribing To Savings
Being aware of the rising cost of subscriptions in farming. How to determine if they are worthwhile, and how to keep track of them.
Getting Interested in Rates
What is an interest rate, what influences them and what can you do about them.
New Year: Time for a lending tidy up?
We share a few tips on how to tidy up your lending ready for the new year.
It’s More Than Just Better Interest Rates
Why you need an agribusiness broker to support your business No matter what you do, you probably already know that when it comes to your business finance, it's more than just interest rates. There are relationships and succession planning, business structures, new products, and plans to expand and diversify. But did you know that as … Continue reading It’s More Than Just Better Interest Rates
2023 – Challenges, Innovation & Resilience
A review of the last year and looking ahead to 2024 As we start the new year, I wanted to begin by looking back at 2023. It was definitely an interesting year, and challenging for many. In this blog, I’ll review industry developments, financial challenges and changes, and share some highlights for myself and my … Continue reading 2023 – Challenges, Innovation & Resilience
Why The Bank is More Interested in your Cash Flow than your Property Value.
LOAN SERVICEABILITY AND FARM DEBT TRENDS In recent years, we’ve seen significant increases in rural and agribusiness property values. There’s no doubt this is a positive development. But it has also led to some unrealistic borrowing requests. Many people assume the bank will always lend 60-70% of the land’s value. Unfortunately, land value is only … Continue reading Why The Bank is More Interested in your Cash Flow than your Property Value.
Fix Your Rates and you Fix Your Margin
ARE YOU GETTING THE BEST DEAL FROM YOUR BANK? The right finance and working capital is necessary for your farm or agribusiness to grow. While the Reserve Bank sets the base rate, knowing how your bank calculates your customer margin will help you pay as little as possible in bank fees and interest. Well-managed businesses … Continue reading Fix Your Rates and you Fix Your Margin
Are You Still Trying to Build a Profitable Business?
MANAGING FARM COSTS COULD BE THE KEY Over the last couple of months, I’ve shared blogs about understanding your farm profit and profit drivers and managing price and production to drive profit. In this blog, we’re going to look at managing farm costs to drive profits. Successful businesses are those that have a strong understanding … Continue reading Are You Still Trying to Build a Profitable Business?