Webinar will tackle post-drought stock financing

Beef Central, 14/02/2016

Understanding pastoral business finances is critical for long-term profitability, particularly when restocking after drought.

notesThis important topic will be the focus of a free webinar on 23 February, as part of the Pastoral Profit program.

Producers are invited to participate to find out how to develop a plan for banking reviews and present a business case to achieve the best possible outcome for their operations.

Queensland livestock producer and consultant Peter Whip from PRW AgriBusiness is the guest speaker, covering a range of topics including financing post-drought and other business strategies, giving producers practical tips to adopt straight away to make their business more attractive to lenders.

Strategies for discussion to get back into production include:

  • Restocking after drought: Cost benefit, finance structure, other options
  • Seeing banks as suppliers rather than masters: Banks need to lend to make money; using this concept in our business
  • Bank review – opportunity rather than threat: “Selling” your business – The “good the bad and the ugly”
  • “Front foot” negotiation with banks: Who’s in charge here?
  • What relationship do we/should we have with our bank?: Business partner, best friend or financier?

The webinar will run for 45 minutes from 1pm, NSW/VIC time (10:30am WA time, 12 pm QLD time, 12:30pm SA time) on Tuesday, 23 February.

The webinar is a joint initiative of MLA and Australian Wool International’s Pastoral Profit program.





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