In this day and age it appears that farmers are having to be more savvy than ever in managing finances. In particular we’ve noticed agri-businesses using more innovative options in order to maximise profit and harness buying opportunities.
In the grain industry, we’ve seen farmers who are trying to work out how to hold grain to avoid selling in a flat or degrading market, while still balancing the need to establish crops for next season.
This is where DelayPay comes in! You can purchase crop inputs and tillage machinery to establish your crops, then sell later when the time is right.
Craig Miller is a prime example of this. He runs both grain and sheep on his 1500ha property in Temora, NSW, the farm he grew up on as a child, but he finds the cropping game very fickle these days. He often needs to buy inputs like fertiliser and chemical whilst holding on to his grain waiting for commodity prices to improve.
Craig uses DelayPay to buy what he needs in the short term, and then pays it back within 6 months once he’s sold his grain.
“The quick 24 hour service from DelayPay is really helpful in order to buy inputs when the price is right, rather than the 3-4 weeks the banks take to approve finance,” Craig said.
Buying opportunities often come up at short notice according to Craig, and he doesn’t have time to wait for lengthy bank or financial institution approvals.
“DelayPay works really quick, with much less mucking around than the banks,” Craig said. “And nothing is ever a hassle – they return phone calls and are easy to contact which makes doing business on a tight timeframe easy.”
If you run a livestock or grain agri-business, and need cashflow to buy the inputs, feed, machinery or stock you need while waiting for commodity prices to improve, give Kelsey (0409 117 730) or Mieke (0455 888 392) a call or request a callback HERE.