• Debt Advisory for farmers
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Debt Advisory for farmers

18 December 2019

Darren Stacey , National Leader, Finance Solutions
Executive Director, Debt Advisory

In the midst of what has been called the worst drought in over a decade, the Australian agricultural industry is facing extreme challenges, and with little respite predicted for the future in terms of rainfall, the strain is being felt across the sector.

In addition to the mental and emotional pressure of having to make tough decisions regarding their businesses, Australian farmers and regional communities are facing significant financial distress. It is important, however, that farmers know they are not alone in preparing for and fighting the effects of drought.

BDO can help you evaluate and understand your debt and finance options.

BDO Debt Advisory is a team of former bankers who understand how banks operate. Our relationships and knowledge ensures our advice is grounded in solid financial and banking practice. In a time of extreme uncertainty and distress, our team provides the benefit of years of experience from inside banks, meaning we can offer full transparency around your debt and finance options, allowing you to clearly understand and evaluate all aspects of your financial arrangement.

We can assist you with the following services:

  • Assistance with new debt facilities
  • Negotiation with financiers
  • Optimisation of debt facilities
  • Health check on existing debt and transactional facilities
  • Working capital analysis to optimise internal efficiencies
  • Advice on the most appropriate finance structure, interest rates and fees, terms covenants, security, amortisation, and hedging strategies
  • Foreign direct investment
  • Financier reporting reviews
  • Act in an Advisory Board capacity or subject matter expert
  • Review of term sheets, finance agreements, and security documents.

BDO can assist with your grant and loan options

In Queensland, the Queensland Rural and Industry Development Authority (QRIDA) is available to offer first start loans for new businesses, as well as sustainability loans for existing enterprises needing to upgrade predominantly drought-related infrastructure. Loans of up to $2 million are available depending on the loan, with low-interest rates and a loan term of up to 20 years. BDO can help you better understand your options and provide clarity around the assistance packages offered at a Federal and State level.

The QRIDA Farm Debt Restructure Office provides no-cost farm business analyses to help you make informed decisions about the problems you are experiencing, with the help of BDO as independent farm debt restructuring specialists.

BDO’s Debt Advisory is a team of former bankers and knows how banks work. We’re here to help you. Contact us today to speak with an experienced debt advisory team member to understand your finance options.