We caught up with Figured this quarter who flagged the Senate Enquiry into banking and lending to primary productions industries, including agriculture, fisheries and forestry.
One of the key recommendations was that the banks should not have any control over farm budgeting and forecasting.
The writing is on the wall, but what does it mean?
At Carrick Aland we already have the infrastructure, ability and knowledge to fill the gap to work seamlessly with your banker to prepare any information that’s required for lending purposes in a timely manner.
As you know, we’ve been working with farming businesses in this way for some time. If you’re not yet using live and collaborative software for managing your farm’s finances, you could be making big misses and losing time.
How do you switch?
Meet with us for a needs analysis. We then implement a plan to move you across as quickly and efficiently as possible for minimum disruption.
You can even bring across your historical data for continuity of reporting.
You can update your farm financial software at any time, not just at the end of the financial year. With the technology at our fingertips, you can upgrade and transfer at a time that suits you, even between seasons.
Watch this space:
- Strong, vibrant, innovative and sustainable rural industries and communities are in Australia’s national interest. As the mining construction boom moderates and the economy transitions the agricultural sector, our regions need to continue to embrace innovation and adapt and grow.
Further reading: Carrick Aland Front Foot Farming – Q2 Findings FY17
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