Bank’s advice for herd-owning sharemilkers | Ep. 58
What are the main things to consider before approaching the bank for backing to go into herd-owning sharemilking? Sian Mitchell, ANZ agri manager, explains how to get yourself into as strong a position as possible to secure the bank’s support. She also covers the loan approval process, how and why the bank takes security over the cows, GST loans, loan structures, coping with profit ups and downs, and more.
Notes
Sharemilking and contract milking arrangements - DairyNZ
Budgeting tools - DairyNZ
Buy Contracts (fedfarm.org.nz)
Business by the Numbers - Dairy Training
Progression Management -…
The skinny
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