Wednesday, July 6, 2022

My Daily Digest: June 21, 2021

Cashed-up farmers spending wisely Early word from Mystery Creek is that farmers were eager to buy some gear as Fieldays returned from a year off.

But with commodity prices looking good, banks are also reporting that the splash of cash comes on the back of a good period of debt repayment.

It was only a couple of years ago that there was real concern about farm business debt, particularly in the dairy sector.

And with the cost of compliance rising as regulations come online, having a strong business with a good balance sheet will be vital to meeting future needs.

As mentioned last week, banks are willing to work with farmers to meet those needs by providing low-interest loans to improve on-farm sustainability.

So with willing participants with a bit of cash to play with, the sector looks well set up for the future.


Bryan Gibson


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