Rebuilding Ridley capitalises as restocker demand continues - Elders Rural Services

Rebuilding Ridley capitalises as restocker demand continues

Livestock prices continue to captivate producers around the country.

National trade steer prices continue to trend upwards at 21.5 per cent higher than the same time last year.

Enabling producers to take advantage of record prices is critical to the success of the industry, which is why Elders is pleased to offer a range of livestock funding options:

Restocker demand continues to drive the market, holding prices up; a trend which appears unlikely to change in March.

Victoria and New South Wales have experienced growth in prices driven by demand from northern markets. The EYCI is up 32 per cent on this time last year.

To support livestock producers in capitalising on opportunities that arise in hot markets, Elders offers funding facilities with no upfront costs and deferred payment terms – pay nothing unless the facility is used and repay only when profits are received.

One such restocker, Scott Ridley of Roma, has said that quick and easy top-up funding has enabled him to capitalise on favourable seasonal conditions and regrow his business.

Elders’ ability to offer livestock funding has been “…a life saver coming out of the drought — they were able to provide finance quickly and efficiently while the banks were taking weeks.” – Scott Ridley, grazier.

Elders understands that markets change, and livestock business decisions must adapt. That’s why Elders offers flexible terms where producers can repay early with no penalty. Mr Ridley has said that this has enabled him to extract greater value.

“Flexibility with payments has assisted cashflow needs and allowed cows to be held onto to maximise margins,” Mr Ridley said.

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