Looking to grow your farm business in 2020?
No matter what you need to achieve your growth goals, Elders Agri Specialists offer expertise across a wide range of services to help you expand this year. From livestock funding, finding the right property, financing at competitive rates and flexible terms, or covering your assets with sufficient insurance, our specialists are equipped with local knowledge and the right products to ensure you are supported to reach your potential in 2020.
We can also condense the insurance options to something along the lines of: Your local Elders Insurance Agent can provide you with expert advice tailored to your personal circumstances, whether you need business, farm, personal or commercial motor and fleet insurance.
Enter your details to speak to one of our specialists or find out more below.
Elders Financial Services
Elders statements for the full year
Elders now makes it easier for you to coordinate the supply of your stock firm statements to your accountant, though Elders Online. This portal provides quick and easy access to all your transaction details and allows you to view, print or save all your historical transaction details. You’re also able to reprint invoices, download a transaction file which can be loaded into your accounting software and view all of your payments due and coming due.
Farm Management Deposits
FMD’s allow you to set aside up to a maximum of $800,000 pre-tax income from your profitable years and earn interest on it. To be eligible for taxation benefits, you need to hold funds in your farm management deposit (FMD) for at least 12 months.
When you are completing your 30 June livestock on hand reconciliation consider if you are stocked to capacity and are prepared to for opportunities. With strong livestock prices, and growing opportunities to trade stock, Elders is able to offer our clients a specialist finance opportunity to make the most of the current market conditions.
Buy now and pay later with StudPlus. With a 9 month term and fast and easy application process, StudPlus provides you with the financial flexibility you need to make the best stud stock buying decisions.This facility provides eligible livestock producers with an advance of up to $100,000 advance to purchase stock for breeding purposes including stud and commercial sires, genetics and stud dams.
When you are assessing your cash flow needs consider unlocking the equity in your wool early. To provide you with the financial flexibility you need to manage your cash flow, Elders offers the WoolPlus advance facility. This facility provides eligible growers with access to up to 50% of expected wool proceeds in the 6 months prior to wool sale.
Shearing Advance & Shear Cents Merchandise Advance
Fund your shearing expenses or shearing merchandise purchases with an Elders advance on your wool or interest free terms on your shearing merchandise.
When reconciling your accruals and creditors consider utilising Elders Prepayments program. Prepay with Elders before 30 June and receive a 4.15% p.a. reward on future Farm Supplies purchases.
Disclaimer: This information has been prepared without taking into account your personal circumstances, objectives, financial situation or needs. For farm management deposits special legislative requirements must be adhered to and you should consult your taxation advisor before making a decision to invest in a farm management deposit and terms, conditions, fees and charges may apply. Full details are available on application by phoning the Rural Bank Customer Service Team on 1300 660 115 or online at ruralbank.com.au or by visiting your local branch. All information is subject to change. For deposit products Elders Rural Services Australia Limited may receive a commission based on the average account balance. Full details are available in the Elders Financial Services Guide (FSG). For lending products terms, conditions, fees and charges apply. Rural Bank products are issued Rural Bank – A Division of Bendigo and Adelaide Bank Limited, ABN 11 068 049 178 AFSL/Australian Credit Licence 237879 and distributed by Elders Rural Services Australia Limited AFSL 237757.
Subject to approval in accordance with StockCo’s eligibility criteria. Finance charges are capitalised monthly. The above are indicative finance costs. Actual costs of funding will be dependent on agreed finance rates, exact purchase prices and exact length of lending term. Terms, conditions, fees, charges and credit assessment criteria apply. You should seek advice on the appropriateness of products in relation to your particular circumstances. Products are distributed by Elders Rural Services Australia Limited ACN 004 045 121 and issued by StockCo AgriCapital Pty Limited ACN 604 825 747.
For the Elders Financial Services Guide click here.