Tuesday Mar 31, 2020

# 47 - The Covid-19 Impact on Agriculture and Finance Sectors

We find ourselves in unprecedented times, like no other in recent history. Crazy, in many ways... following prolonged drought and recent fire events.

It is our view that we will navigate this well as a nation. We will handle this strongly as an industry. We are resilient and fortunate at this time to be farmers. Please be sure to look out for those around us more adversely affected.

In this Podcast, I interview Managing Partner & Financing Specialist, David Charge from Sprout Agribusiness.

David and his team are Commercial Financing Specialists to Australian Agribusiness, supporting farming families across Australia. David is measured and pragmatic, and his advice and assessment of this current crisis is both thoughtful and thorough. He offers us some strong support and guidance as farmers at this time.

In this interview, David & I explore:

The impact of Covid-19 on Agriculture,
How to best navigate this crisis as a farming business,
State and federal assistance / concessions now available to you,
How the financing sector is responding,
The challenges our local bank managers face (post royal commission),
How to proactively engage with your lender,
The role and benefit of an independent finance specialist in your business,
How to make the most of the current low interest rate climate, AND
How to take greater responsibility for your financial situation and your long-term financial success.

My learnings from this discussion with David is to stay focused, plan proactively, build your financial management skillset, and make the most of financing and other opportunities that now exist.

# 47 - The Covid-19 Impact on Agriculture and Finance Sectors

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