Elders - Rural Bank collaboration helps local communities - Elders Rural Services

Elders – Rural Bank collaboration helps local communities

For many farmers across Australia there has never been a better time to be in agriculture.

The close of a financial year is often the ideal time to review your farm business and plan for the coming season. Following a year in which many commodities experienced exceptional sales results, growers are now looking ahead at building on their success – with financial goals, business growth and strategies.

Through our relationship with Rural Bank, Elders offers you tailored banking solutions for your farm business. Rural Bank can help you by financing expansion of your farm business, improvement of your property, and by providing operational and seasonal finance.

Rural Bank offers each of its customers access to dedicated relationship managers, who are located across regional Australia.

Sam Krieg, is one such agribusiness relationship manager and spends his time visiting customers on-farm across the mid-north of South Australia.

“In my role, I cover the pastoral area of South Australia. It takes me all the way to the Flinders Ranges, up the Birdsville and Strzelecki tracks, across the Oodnadatta track and down to the Gawler Ranges’ says Sam.

“This area goes to the borders of New South Wales, Queensland, the Northern Territory and Western Australia; approximately 83 million hectares or 84 per cent of the total land area of SA,” says Sam.

The personal connection that comes from on-farm visits with customers is what Sam most loves about his role.

“Working closely with the whole family, you develop strong relationships and are there together through the ups and the downs of life, not just on the farm” he says.

“It isn’t uncommon to be actively working with up to three generations at once, hearing and understanding their plans and seeing the family and the farm grow.”

The upper mid-north, where Sam is located, looks set to enjoy another season of prosperity. Despite a slightly late start with rains only beginning in June, most places have enjoyed above average June rainfall.

“This probably caused the least stressful seeding in a few years with no real rush, the only downside being juggling where to put sheep and sowing all the paddocks. There is talk of an above average winter and spring.”

From Sam’s on-farm visits further north, he has seen rather more mixed results, largely due to patchy rainfall.

“The Flinders Ranges area has been quite dry after a promising season last year. Other areas nearby have had a mixture of good rains with others still holding onto dry feed to last a few more months. The majority of pastoralists are either looking at maintaining current stock levels or are in the process of breeding their way back up, with most being two more seasons away from being fully stocked, if seasons permit.”

In addition to on-farm service, Rural Bank customers have the option to transact at their local Elders branch. Sam works closely with Elders branches located in Jamestown, Peterborough, Orroroo and Port Augusta to ensure the day-to-day banking needs of customers can be met. This working partnership with the Elders network also enables Sam to give deep consideration to customers’ business requirements and opportunities.

“The majority of my clients are somehow connected to Elders. I work closely with the [Elders] network so that I’m prepared to assist our clients in any way I can.”

Elders, through our relationship with Rural Bank offer a range of products including Loans, Deposits and Farm Management Deposits.

To speak with an Agri Finance Manager contact your local branch or call 1300 618 367

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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. Terms, conditions, fees and charges apply. All loans subject to Rural Bank’s normal lending criteria, fees and charges apply. Full details are available on application by phoning the Rural Bank Customer Service Team on 1300 660 115 or online at www.ruralbank.com.au or by visiting your local branch. All information is subject to change. 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 ABN 72 004 045 121 AFSL 237757.