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Agricultural Matters
Input finance to support more efficient cash-flow - Who uses?
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<blockquote data-quote="A-Owen" data-source="post: 7139660" data-attributes="member: 151768"><p>Good morning all,</p><p></p><p>It's been a busy week trying to arrange travel for my son... not so straight forward at the moment! but hey i'm back and have rounded-up some key points you have mentioned as to what a good input finance offering would be .... so here goes;</p><p></p><p>* [USER=71986]@Doc[/USER] [USER=43372]@Happy at it[/USER] [USER=134660]@Farmertom1988[/USER] - Fast & easy access with a competitive rate vs bank. A low rate around 1.5% vs 5% average current would be attractive</p><p></p><p>* [USER=1232]@SilliamWhale[/USER] - Unsecured, i.e. upto £50k then secured against assets only not necessarily against land. [USER=78932]@40 series[/USER] offers a good idea to secure against crop value instead where possible. Certainly not costing you £16k right!</p><p></p><p>* [USER=7195]@farmerm[/USER] notes another great idea along the lines of peer-to-peer lending only there are clear issues with this, however, I see currently banks savings rates are pretty naff, therefore an FCA backed savings account for farmers only, where interest rates are guaranteed to be higher than currently offered by mainstream banks. Aside from security of being regulated by the FCA, a higher return guaranteed AND knowing funds are ONLY used to support others farmers via input finance at a time when needed - The 'cash rich' get to help the 'cash poor'. This could be like I said, a swings and roundabouts type offering where the wider farmer community is supported. [USER=51810]@jendan[/USER] I appreciate some farms can manage finance of inputs without need for finance, therefore this farmer profile could instead support others via a higher interest savings account option knowing funds deposited are only used to help other farmers who do require some support and in return gain a higher return on investment - a win-win for all is what I am thinking.</p><p></p><p>* [USER=127792]@teslacoils[/USER] - Agree, you can often get decent payment terms with a distributor/supplier without going to a bank, however, wouldn't it be great to have all invoices and payments automatically managed through an integrated system direct with your suppliers to lift some administrative burden and with the knowledge of low-cost finance being available should it be needed as a bonus and at no extra cost?</p><p></p><p>* [USER=150472]@DealeyPlaza1963[/USER] - This sort of finance I expect to be admin heavy with much lower return compared to most Ag Finance lenders, hence so many appear to have withdrawn and why I don't think this would be suitable for Greensill. I'm thinking a new Ag finace offering would instead have to work on the proviso of up-take volume, incentivised by low rates, higher interest, ease of access, alternate security options (not necessarily land), and the fact that that can be used to support the UK Ag industry as a whole as all savings are used only to support fellow farmers.</p><p></p><p>Please feel free to comment and/or add to this list.... So far, there seems to be a gap here but more research to be done, hence your input is greatly appreciated please guys & gals <img src="data:image/gif;base64,R0lGODlhAQABAIAAAAAAAP///yH5BAEAAAAALAAAAAABAAEAAAIBRAA7" class="smilie smilie--sprite smilie--sprite1" alt=":)" title="Smile :)" loading="lazy" data-shortname=":)" /></p><p></p><p>[USER=16222]@beardface[/USER] [USER=71986]@Doc[/USER] [USER=11989]@lloyd[/USER] - It's catfish time - off to meet with [USER=6]@Clive[/USER] and the crew today to discuss taking over the world... starting with TFF obvs <img src="data:image/gif;base64,R0lGODlhAQABAIAAAAAAAP///yH5BAEAAAAALAAAAAABAAEAAAIBRAA7" class="smilie smilie--sprite smilie--sprite20" alt=":ROFLMAO:" title="ROFL :ROFLMAO:" loading="lazy" data-shortname=":ROFLMAO:" /></p><p></p><p>Have a super day all!</p></blockquote><p></p>
[QUOTE="A-Owen, post: 7139660, member: 151768"] Good morning all, It's been a busy week trying to arrange travel for my son... not so straight forward at the moment! but hey i'm back and have rounded-up some key points you have mentioned as to what a good input finance offering would be .... so here goes; * [USER=71986]@Doc[/USER] [USER=43372]@Happy at it[/USER] [USER=134660]@Farmertom1988[/USER] - Fast & easy access with a competitive rate vs bank. A low rate around 1.5% vs 5% average current would be attractive * [USER=1232]@SilliamWhale[/USER] - Unsecured, i.e. upto £50k then secured against assets only not necessarily against land. [USER=78932]@40 series[/USER] offers a good idea to secure against crop value instead where possible. Certainly not costing you £16k right! * [USER=7195]@farmerm[/USER] notes another great idea along the lines of peer-to-peer lending only there are clear issues with this, however, I see currently banks savings rates are pretty naff, therefore an FCA backed savings account for farmers only, where interest rates are guaranteed to be higher than currently offered by mainstream banks. Aside from security of being regulated by the FCA, a higher return guaranteed AND knowing funds are ONLY used to support others farmers via input finance at a time when needed - The 'cash rich' get to help the 'cash poor'. This could be like I said, a swings and roundabouts type offering where the wider farmer community is supported. [USER=51810]@jendan[/USER] I appreciate some farms can manage finance of inputs without need for finance, therefore this farmer profile could instead support others via a higher interest savings account option knowing funds deposited are only used to help other farmers who do require some support and in return gain a higher return on investment - a win-win for all is what I am thinking. * [USER=127792]@teslacoils[/USER] - Agree, you can often get decent payment terms with a distributor/supplier without going to a bank, however, wouldn't it be great to have all invoices and payments automatically managed through an integrated system direct with your suppliers to lift some administrative burden and with the knowledge of low-cost finance being available should it be needed as a bonus and at no extra cost? * [USER=150472]@DealeyPlaza1963[/USER] - This sort of finance I expect to be admin heavy with much lower return compared to most Ag Finance lenders, hence so many appear to have withdrawn and why I don't think this would be suitable for Greensill. I'm thinking a new Ag finace offering would instead have to work on the proviso of up-take volume, incentivised by low rates, higher interest, ease of access, alternate security options (not necessarily land), and the fact that that can be used to support the UK Ag industry as a whole as all savings are used only to support fellow farmers. Please feel free to comment and/or add to this list.... So far, there seems to be a gap here but more research to be done, hence your input is greatly appreciated please guys & gals :) [USER=16222]@beardface[/USER] [USER=71986]@Doc[/USER] [USER=11989]@lloyd[/USER] - It's catfish time - off to meet with [USER=6]@Clive[/USER] and the crew today to discuss taking over the world... starting with TFF obvs :ROFLMAO: Have a super day all! [/QUOTE]
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