Why The Bank is More Interested in your Cash Flow than your Property Value.

Posted on by debpurvis

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

Posted on by debpurvis

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?

Posted on by debpurvis

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?

Do You Know What Drives Profit in Your Business?

Posted on by debpurvis

Managing price and production to drive profit. In last month’s blog, we covered some of the key elements to help you understand your farm profit. In this blog, we’re looking at the first 2 profit drivers – price and production. You already know that maximising profit is a key goal for your business. There’s a … Continue reading Do You Know What Drives Profit in Your Business?

Understanding Your Farm Profit

Posted on by debpurvis

Using your profit drivers to generate more profit Maximising farm profit is one of the key goals for most businesses. But understanding how to do this, and what drives profit, isn’t always clear. Over the next couple of months, I’ll be sharing a series of blogs to help you: Understand your profit and your profit … Continue reading Understanding Your Farm Profit

Time To Take Control of your Cash Flow

Posted on by debpurvis

Top tips for developing and using a cash flow budget Understanding your farm’s cash flow can be the difference between your business surviving and thriving. In this blog, I’ll explain why cash flow is important (to you and your bank) and how to develop a cash flow budget. I’ll also share a case study featuring … Continue reading Time To Take Control of your Cash Flow

Succession planning, the family farm and the bank

Posted on by Angela Pickett

Securing the future for you, your farm and your family ‘Nothing is as certain as death and taxes. We’ve all heard variations of the quote, often attributed to Benjamin Franklin. Given the certainty of death, succession planning is an issue all farming families must deal with. It’s an emotionally charged issue, but one that doesn’t … Continue reading Succession planning, the family farm and the bank