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- Farm Tender Daily
Farm Tender Daily - All the news from Thursday, the 7th of December, 2023.By Dwain Duxson - Click here to go to the Farmer Tender website.
The overdraft runway - In the start-up and investment community, they talk about runway. Which is another way of saying how much time do we have left before we run out of money.
Farm businesses are a little bit the same but different. Farmers have for a long time used an overdraft, a great tool that many would have. The overdraft runway is a little different in that Farmers use it to plug up periods of no income, so it's a shorter-term runway; as income comes in, the overdraft gets reduced.
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What would your business look like without an overdraft? What if you set a goal of not having an overdraft in, say, 3 years' time?
To do so, your business would have to perform better, so that's a bonus. You would still be managing a runway, but a cash one instead of an overdraft one, which is no different, really. But it's the psychology of having cash, which is yours, rather than an overdraft, which is theirs, that would be a positive. Of course there are some Farmers that have never had an overdraft. So how do you manage your overdraft, and do you have ambitions of not having one? Reply to [email protected]
PAC Report - Check out the alternative Fertiliser list here.
Current Fertiliser prices: (all prices are Ex GST). Urea - $750.00 (Brisbane, Newcastle, Geelong, Portland) (-$10), $790.00 (Adelaide) (-$10). MAP - $1090.00 (All Ports) (NC) - DAP - $1,105.00 (All ports) (NC), SSP - $669.00 (Brisbane) (NC), $455.00 (Brisbane, Newcastle, Geelong, Portland) (NC), MoP - $870.00 (Brisbane, Geelong, Adelaide, Portland and Newcastle) (Available from 8th Jan, 2024) (NC), SoP - Price TBA (available from 8th Jan, 2024), Gran-Am $495.00 (All ports) (NC), Granulock Z - $1,170.00 (All Ports) (+$10), Granulock SS - Price and Availability TBA. Please note: All ports include the following locations: Geelong, Portland, Adelaide, Brisbane, and Newcastle. Ring Ellen on 0418 137 224 for any Fertiliser requirements
Today’s trends - Today’s sales trends included Lupins, Shearing Plants, Legume Hay, Lucerne Hay, Headers, and ATV Motorbikes.
Dwain Duxson
P - 0427 011 900
E - [email protected]
What was listed today
What was sold today
