At Oxbury, we are dedicated to providing products tailored to the needs of the modern British farmer. Following the successful launch of Oxbury Farm Loans and Oxbury Farm Credit we are continuing to demonstrate our agricultural expertise and technology excellence by introducing Oxbury Flexi Credit – Milk Cheque.
Oxbury Flexi Credit – Milk Cheque is a dairy farmer’s answer to pressured cashflows and how to manage them more efficiently.
This year, the dairy industry has faced challenges that have changed production patterns for farmers, and in turn affected consistent, dependable incomes.
2020 produced one of the wettest winters on record, creating a greater dependence on fodder and concentrates needed to maintain production levels. The industry, like all others, was then indiscriminately affected by COVID -19 with a reduced demand for commodity and service food goods. This affected the farm gate price, with AHDB reporting that over 50% of British farmers suffered a milk price reduction of between 0.5ppl to 4.0ppl throughout 2020.
Alongside the increase in feed costs and the reduction in the farm gate price per litre, there were also many farms across Britain affected by cancelled milk collections which then led to deferred payments – all of which highlighted the importance of a resilient cashflow that can sustain unprecedented and unforeseen challenges.
Regardless of the traumatic nature of 2020, we know that there are times of the year where farm business cashflows need extra funds –fertiliser, increased feed requirements, herd replacement and contractor costs all loom across springtime. It is important that farmers focus on adapting their cashflow to manage these peaks and troughs.
Our dedication to farmers has increased our appetite for creating products that react to a sector need. At Oxbury we know that dairy farmers and their cashflow challenges are often underestimated. We noticed there was a lack of flexible credit which allowed dairy farmers to manage their cashflows with rates that compare well with a bank overdraft.
Oxbury Flexi Credit – Milk Cheque has been designed as a flexible, additional line of credit where the total limit is easily calculated: 70% of three times the value of an average monthly milk cheque (averaged over a 12 month period). The facility has been built to allow British dairy farmers the accessibility to draw down the funds as needed, providing immediate and flexible finance.
Our technological expertise has enabled us to build all our systems to be very simple to use, allowing farmers to r make as many additional repayments as possible to suit their cashflow purely electronically. Putting the management of farm business cashflow firmly back into the farmer's hands.
To find out more about this flexible, additional line of credit visit www.oxbury.com
Oxbury Flexi Credit – Milk Cheque is a dairy farmer’s answer to pressured cashflows and how to manage them more efficiently.
This year, the dairy industry has faced challenges that have changed production patterns for farmers, and in turn affected consistent, dependable incomes.
2020 produced one of the wettest winters on record, creating a greater dependence on fodder and concentrates needed to maintain production levels. The industry, like all others, was then indiscriminately affected by COVID -19 with a reduced demand for commodity and service food goods. This affected the farm gate price, with AHDB reporting that over 50% of British farmers suffered a milk price reduction of between 0.5ppl to 4.0ppl throughout 2020.
Alongside the increase in feed costs and the reduction in the farm gate price per litre, there were also many farms across Britain affected by cancelled milk collections which then led to deferred payments – all of which highlighted the importance of a resilient cashflow that can sustain unprecedented and unforeseen challenges.
Regardless of the traumatic nature of 2020, we know that there are times of the year where farm business cashflows need extra funds –fertiliser, increased feed requirements, herd replacement and contractor costs all loom across springtime. It is important that farmers focus on adapting their cashflow to manage these peaks and troughs.
Our dedication to farmers has increased our appetite for creating products that react to a sector need. At Oxbury we know that dairy farmers and their cashflow challenges are often underestimated. We noticed there was a lack of flexible credit which allowed dairy farmers to manage their cashflows with rates that compare well with a bank overdraft.
Oxbury Flexi Credit – Milk Cheque has been designed as a flexible, additional line of credit where the total limit is easily calculated: 70% of three times the value of an average monthly milk cheque (averaged over a 12 month period). The facility has been built to allow British dairy farmers the accessibility to draw down the funds as needed, providing immediate and flexible finance.
Our technological expertise has enabled us to build all our systems to be very simple to use, allowing farmers to r make as many additional repayments as possible to suit their cashflow purely electronically. Putting the management of farm business cashflow firmly back into the farmer's hands.
To find out more about this flexible, additional line of credit visit www.oxbury.com