Figured’s modelling initially saw the start of this season with 38% of dairy farmers making a loss. Forecasts have improved by the end of the season so are the banks going to be more supportive of longer term investment into sustainability goals?

This episode shares insights & forecasts, ways to deal with the bank for the long-term and how to manage the mental load of debt and cash flow stress. 

Guests include:
Amy Milbourn, Head of Data and Lending Support, Figured
Scott Wishart, Managing Director, NZAB
Sam Owen, Managing Partner at S and J Owen partnership and Rural Support Trust Facilitator and co-host of Bullshit & Bravery podcast

Hosts:
Sheryl Haitana, Editor, Dairy Exporter
Sarah Perriam-Lampp, managing director of CountryWide Media

As the season wraps up, Figured’s Head of Data, Amy Milborn, shares insights on the debt stress of dairy farmers which shows whilst now only 11% are making a loss, 40% of dairy businesses have cash flow cover problems for interest costs.

“Farmers have had 16% onfarm inflation, there’s cutbacks on repairs & maintenance, production system optimisation and a high interest environment,” says Amy. 

NZAB’s Scott Wishart explains how navigating with the banks has changed and the outcome of getting it right can be as much as 4% in basis points difference all based on having the right financial hygiene & strategy.

“If you have a strategy and a plan for the long-term delivered to the bank in a professional manner then the bank doesn’t determine your business strategy for you,” explains Scott.

There’s so much more to pressure than just cashflow or staff says both Waikato farmer and Rural Support Trust co-ordinator, Sam Owen.

“Farmers just want a flag in the ground for clarity and direction for the next step without it constantly moving,” stresses Sam.

Sam’s many hats from farmer, mental health advocate and farm consultant makes his chat with Sheryl really balanced in how to help farmers build confidence in investing in sustainable initiatives. 



SOUTH ISLAND DAIRY EVENT (SIDE):

The South Island Dairy Event (SIDE) is a two day conference for farmers, led by farmers.

This year celebrates 25 years of the event at Lincoln University and has a packed programme of workshops and keynote speakers as well as networking with other progressive dairy farmers.


SIDE event is between 24-26th June 2024 and registrations are open now!

View the programme and register: https://www.side.org.nz/



SUBSCRIBE TO DAIRY EXPORTER  - EMAIL NEWSLETTER (FREE - WEEKLY)

SUBSCRIBE TO DAIRY EXPORTER  - MAGAZINE ($59/YR FOR 4 JOURNALS)

<a href="https://www.figured.com/en-nz/">Figured</a>’s modelling initially saw the start of this season with 38% of dairy farmers making a loss. Forecasts have improved by the end of the season so are the banks going to be more supportive of longer term investment into sustainability goals?
This episode shares insights &amp; forecasts, ways to deal with the bank for the long-term and how to manage the mental load of debt and cash flow stress. 
Guests include:
<ol>
<li aria-level="1">Amy Milbourn, Head of Data and Lending Support, <a href="https://www.figured.com/en-nz/">Figured</a></li>
<li aria-level="1">Scott Wishart, Managing Director, <a href="https://www.nzab.co.nz/">NZAB</a></li>
<li aria-level="1">Sam Owen, Managing Partner at S and J Owen partnership and <a href="https://www.rural-support.org.nz/">Rural Support Trust </a>Facilitator and co-host of <a href="https://open.spotify.com/show/19oIGimDbYg0EEBxdlljRi">Bullshit &amp; Bravery podcast</a></li>
</ol>
Hosts:
<ol>
<li aria-level="1">Sheryl Haitana, Editor, Dairy Exporter</li>
<li aria-level="1">Sarah Perriam-Lampp, managing director of CountryWide Media</li>
</ol>
As the season wraps up, Figured’s Head of Data, Amy Milborn, shares insights on the debt stress of dairy farmers which shows whilst now only 11% are making a loss, 40% of dairy businesses have cash flow cover problems for interest costs.
“Farmers have had 16% onfarm inflation, there’s cutbacks on repairs &amp; maintenance, production system optimisation and a high interest environment,” says Amy. 
NZAB’s Scott Wishart explains how navigating with the banks has changed and the outcome of getting it right can be as much as 4% in basis points difference all based on having the right financial hygiene &amp; strategy.
“If you have a strategy and a plan for the long-term delivered to the bank in a professional manner then the bank doesn’t determine your business strategy for you,” explains Scott.
There’s so much more to pressure than just cashflow or staff says both Waikato farmer and Rural Support Trust co-ordinator, Sam Owen.
“Farmers just want a flag in the ground for clarity and direction for the next step without it constantly moving,” stresses Sam.
Sam’s many hats from farmer, mental health advocate and farm consultant makes his chat with Sheryl really balanced in how to help farmers build confidence in investing in sustainable initiatives. 
 
SOUTH ISLAND DAIRY EVENT (SIDE):
The South Island Dairy Event (SIDE) is a two day conference for farmers, led by farmers.
This year celebrates 25 years of the event at Lincoln University and has a packed programme of workshops and keynote speakers as well as networking with other progressive dairy farmers.
 SIDE event is between 24-26th June 2024 and registrations are open now!
View the programme and register: <a href="https://www.side.org.nz/">https://www.side.org.nz/</a> 
 
SUBSCRIBE TO DAIRY EXPORTER  - <a href="https://dairyexporter.co.nz/sign-up/">EMAIL NEWSLETTER (FREE - WEEKLY)</a>
SUBSCRIBE TO DAIRY EXPORTER  - <a href="https://dairyexporter.co.nz/shop/">MAGAZINE ($59/YR FOR 4 JOURNALS)</a>

It’s been your mainstay in dairy farming since 1925 as your trusted source of adding
value to your dairy business, now it’s time for the Dairy Exporters’s seasonal stories
to exclusive weekly interviews to come straight to your ears with this brand-spanking
new podcast.


It’s here you can seek out the guidance, inspiration and smarts it takes to dairy farm
into the future to be outstanding in your field on The Dairy Exporter Podcast hosted
by Editor &Deputy Editor of Dairy Exporter, Sheryl Haitana & Anne Lee and her
fellow journalists.

Get in touch with our Editor of Dairy Exporter on email
sheryl@countrywidemedia.co.nz if you have a great insight to share with our
thousands of readers and listeners in New Zealand and around the world.


Don’t miss our weekly episodes of The Dairy Exporter Podcast by hitting the
subscribe button now and join our Dairy Exporter weekly email newsletter to get the
latest in-depth stories in your mailbox so you are always ahead of the game in the
business of dairy farming into the future.

Visit the website to subscribe: www.dairyexporter.co.nz

It’s been your mainstay in dairy farming since 1925 as your trusted source of adding value to your dairy business, now it’s time for the Dairy Exporters’s seasonal stories to exclusive weekly interviews to come straight to your ears with this brand-spanking new podcast.
 It’s here you can seek out the guidance, inspiration and smarts it takes to dairy farm into the future to be outstanding in your field on The Dairy Exporter Podcast hosted by Editor &amp;Deputy Editor of Dairy Exporter, Sheryl Haitana &amp; Anne Lee and her fellow journalists. Get in touch with our Editor of Dairy Exporter on email sheryl@countrywidemedia.co.nz if you have a great insight to share with our thousands of readers and listeners in New Zealand and around the world.
 Don’t miss our weekly episodes of The Dairy Exporter Podcast by hitting the subscribe button now and <a href="https://dairyexporter.co.nz/sign-up/">join our Dairy Exporter weekly email newsletter</a> to get the latest in-depth stories in your mailbox so you are always ahead of the game in the business of dairy farming into the future.
Visit the website to subscribe: <a href="http://www.dairyexporter.co.nz">www.dairyexporter.co.nz</a>

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