Beef 2021 Preview

Looking to start your own farming business? This ‘finance ready’ info session is for you

Beef Central, 01/05/2021

EAGER to get into your own agricultural business, but not sure where to start?

NAB Business Bank Executive – Central Qld,  Darren Kuhl

The NAB team is hosting a free information session at Beef 2021 on Tuesday, May 4 which will help to point you in the right direction.

While the information will be of use to young people looking for a start, it will also be just as useful for people who have made a career elsewhere but now want to start a farming business in their own right.

“There are a lot of people who over the years maybe wanted to get into agriculture but went down a different career path, but now would like to get a start in agriculture and they’re not sure how to go about it,” Darren Kuhl, NAB Business Bank Executive – Central Qld, who will be leading the session, told Beef Central.

“It maybe someone who has not had family support behind them or the capital to get into it, or it maybe someone with a family history in agriculture but who may be wanting to go out on their own.

“We have looked at that and thought it would be worthwhile running a session for people who are interested in taking that first step.”

Mr Kuhl said the session, which runs from 11am until 11:45am at NAB’s ringside trade stand at Beef 2021 (Site R1) on Tuesday, will also provide plenty of opportunity for questions and answers from attendees.

“Anyone is welcome to come along, there is no charge and there will be plenty of us there to ask questions in an open forum, or if someone wants to pull aside and have a quiet chat, there is that opportunity as well.

“The big take out is that no question is a silly question – if you are thinking it, chances are the person sitting next to you is thinking it as well.”

The session will include information about various options for getting finance, from the commercial banking sector to the various Government support programs that are available.

It was also provide advice to people on what they need to do become “bank ready”, covering the type of information banks would be looking for to get an application underway.

“It is very much a first step for those people are a little bit apprehensive, in terms of what can I do, where can I start and who can I talk to,” he said.

Mr Kuhl said that in his career which has spanned 20 years in banking sector he has never seem more demand or inquiry for agribusiness lending than at the current time, from all levels ranging from individual borrowers to the corporate level, reflecting the high levels of confidence in the agriculture sector.

In addition to the Finance Ready session NAB will be hosting free information sessions daily through Beef 2021 at its Trade Stand – site R1 – full details below:

Monday 3 May, 10:30-11:15am: Key economic drivers impacting the Beef sector and what it means for you and your business

Tuesday 4 May, 11:00-11:45am: Finance Ready – how to get started, finance application basics and setting your business up for success

Wednesday 5 May, 10:30-11:15am: Protecting your business from cyber threats and fraud

Thursday 6 May, 10:30-11:15am: Building wealth for generations – with JB Were Transition planning – navigating change – with Next Rural

Friday 7 May, 10:00-10:45am: Feedlot Financing and exploring overseas markets

 

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