Most annual reviews go wrong because the numbers arrive late, in pieces, or in a shape the credit team has to rebuild. Farm CFO puts together the whole pack, set out the way a bank reads it, about six weeks before your meeting.
A budget for each enterprise, whether that's a farrow-to-finish piggery, a cow-calf herd, a trading cattle operation, Merinos or prime lambs. Each one shows its income, direct costs and gross margin, with the yield, price and stocking assumptions written down.
A monthly cashflow from now to the following review, with the closing balance each month against your overdraft limit. You and the bank can see the tightest month before you get there.
Two tests the bank will run anyway: a poor season (lower production and extra feed) and a price drop on your main product. If either breaks the limit, the pack says what you would do about it.
A debt schedule, a statement of what you own and owe, the key ratios from the Health Check, and a two-page covering note written the way a credit manager wants to read one.
You go in with your own numbers and you understand them, which matters more than most people realise. A bank lends to the people running the business, not to their adviser.
If you'd like support on the day, Nick can attend the meeting with you at no extra cost when it falls on one of his regular east coast visits, or by video.
Let us know when the review is and which bank. Sooner is better if you're also asking for new money.
About two hours, on farm or by video, to go through the year ahead: stock numbers, sales, feed, capital spending.
Budgets, cashflow and tests. You get a draft to check before anything goes to the bank.
You send it, or we send it with your permission. Then we prepare for the questions they'll ask.
Related: Season Partner · How to build a farm cashflow forecast
All of them. The pack is laid out the way credit teams generally assess farm lending, and we adjust it to the lender's own forms where they have them.
Yes. A RIC application needs the same budget, cashflow and financial position. Preparing the application is included in the pack where it applies.
Then it's better we find that out six weeks early than in the meeting. The pack sets out what you'd change, which is what the bank wants to hear.
$850 + GST ($935 incl. GST)
Three years of your financials turned into the ratios a credit team checks, with a written report.
$3,100 + GST ($3,410 incl. GST)
A one-month deep dive to find the profit leaking out of the business, then recommendations and training to fix it.
$3,900 per year + GST ($4,290 incl. GST)
The Bank Review Pack, then three check-ins through the year against what actually happened.
We work with farm businesses Australia-wide by phone and video, with regular farm visits on the east coast. Get in touch for a no-obligation chat about what you need and what it would cost.
