Input finance to support more efficient cash-flow - Who uses?

A-Owen

Member
Location
Cheshire
Good Morning!

After reading some articles on 'input finance' products currently available specifically for farmers, I wondered if anyone on here uses to help spread the cost of AgChem's, fertilisers, new grain stores even? If so, who do you use? and what sort of rates and repayment terms are decent (if any)?
 

A-Owen

Member
Location
Cheshire
if you are in anyway commercial please read our policies before posting further or posts will be deleted and your ip blocked as spam
No, not commercial. I'm just wanting to find ways to support British Farmers since my younger days were on a farm and would like to see our farms prosper and not disappear like the one I grew up on. I am actually not employed right now...
 

Johnnyboxer

Member
Location
Yorkshire
Good Morning!

After reading some articles on 'input finance' products currently available specifically for farmers, I wondered if anyone on here uses to help spread the cost of AgChem's, fertilisers, new grain stores even? If so, who do you use? and what sort of rates and repayment terms are decent (if any)?

Do you work for Oxberry Bank by any chance ?

Residing in Cheshire [emoji6]
 
No, not commercial. I'm just wanting to find ways to support British Farmers since my younger days were on a farm and would like to see our farms prosper and not disappear like the one I grew up on. I am actually not employed right now...

My view is that finance companies are nearly always dearer than the bank. I suppose they are more flexible than the bank but you tend to pay for that. Had a recent quote from a trendy new agricultural lender the other day for £50k and it was going to cost £16k plus over 5 years.

So in conclusion there are a few places I trust (Hitachi Finance for example for HP) but I think there are lot of spurious ones too. I think there must be a decent market for a good broker mind
 

A-Owen

Member
Location
Cheshire
My view is that finance companies are nearly always dearer than the bank. I suppose they are more flexible than the bank but you tend to pay for that. Had a recent quote from a trendy new agricultural lender the other day for £50k and it was going to cost £16k plus over 5 years.

So in conclusion there are a few places I trust (Hitachi Finance for example for HP) but I think there are lot of spurious ones too. I think there must be a decent market for a good broker mind

Geeze!! Who was that with?

I looked in to providers such as Hitachi, Fram Farmers, UK Ag Finance and Oxbury who all offer 'input finance'. I'm trying to determine if there is a gap in the market for a competitive alternative to a bank overdraft or trade finance that can support farmers with genuine low-rate costs for everyday farm inputs such as crop protection products, fertilisers, fuels, seeds and animal feeds, or for capital expenditure perhaps to help improve farm productivity, i.e. new grain stores or renewable energy installations (examples only but you get the idea) - thoughts?

In an idea but realistic world, i'm keen to hear what farmers would like from a finance provider that is not being offered through todays mainstream banks - Low rate + ??? as @SilliamWhale I too believe there could be a decent market here, only many banks appear to be pulling back and at a time when most needed. So to shape what is really wanted/needed, i'm interested to hear direct from the horses mouth so to speak... or farmers in this case :D
 

A-Owen

Member
Location
Cheshire
Has this forum turned into dragons den? :ROFLMAO:
:ROFLMAO: I hadn't though of it like that but now you mention it.... i'm not pitching any idea as such, just trying to find some gaps in the market, identify them and see how I can potentially help to facilitate if possible.

In myAgChem role, I got involved in a wide range of marketing projects, however I was especially passionate about one in particular which was actually for the benefit of farmers. Since leaving my job recently, I realise I would like to do more to support farmers hence looking at areas of necessity, i.e. Ag Finance. I could Google all day long (and I have), however i'm only going to get real information by going direct... so here I am to listen and learn in the hope I can support somehow :geek:

#AgDen :unsure:
 

Doc

Member
Livestock Farmer
With a recent changes to overdraft rates, there may well be a need for easy access, competitive rate, working capital, secured by means other than simply land. This is particularly so for new entrants.
 

Happy at it

Member
Location
NI
If you do come up with an idea, where to implement it could be a consideration. Seems from reading on here that the best od rates available to farm businesses NI are way behind what can be got across the water.
 

A-Owen

Member
Location
Cheshire
All this sounds very much like payday loans for farmers. A bit of desperate 'last resort' finance for those that have hit their overdraft limit and whose bank is unwilling to extend it.
Am I on the right track?
No.... I would say that sort of finance would not help farmers as those types of providers would charge high rates. I am thinking of an alternate option to bank overdrafts / Trade Credit, whereby rates are competitive to those offered by banks, flexible and quick to obtain, yet in addition, offer further added benefits such as a safe online application where all invoices, payments and cash can be managed and integrated direct with suppliers, i.e. distributors for purchasing of crop protection products (example) in a bid to make things more convenient for a farmer - A competitive financial solution with a difference is what I was thinking.... I may be barking up the wrong tree but exploring just in case....
 

SFI - What % were you taking out of production?

  • 0 %

    Votes: 79 42.0%
  • Up to 25%

    Votes: 66 35.1%
  • 25-50%

    Votes: 30 16.0%
  • 50-75%

    Votes: 3 1.6%
  • 75-100%

    Votes: 3 1.6%
  • 100% I’ve had enough of farming!

    Votes: 7 3.7%

Red Tractor drops launch of green farming scheme amid anger from farmers

  • 1,292
  • 1
As reported in Independent


quote: “Red Tractor has confirmed it is dropping plans to launch its green farming assurance standard in April“

read the TFF thread here: https://thefarmingforum.co.uk/index.php?threads/gfc-was-to-go-ahead-now-not-going-ahead.405234/
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