New livestock finance facility offers flexibility and competitive cost
April 23 2017 – A new seasonal livestock finance facility is aiming to address a gap in the market for low cost and
flexible borrowing.
Carrfields Stockline, which has just been launched nationwide, was set up in response to a need among farmers for a
simple, transparent and tailor-made finance solution with no hidden costs, said Donald Baines, National Livestock
Commercial Manager at Carrfields Livestock.
“Following conversations with our customers it was clear that many of the finance packages on offer across the market
didn’t suit their needs. So we’ve developed a product that offers flexibility over when livestock can be sold and to
whom.”
Stockline is currently offered at an interest rate of 9%, with no establishment fees, management fees, drawdown fees or
other costs and complications – making the facility highly competitive when compared with the total cost of added-fee
products in the market, Baines said.
“Another key benefit is the fact that we’re not tying our customers in to supplying any particular market. Farmers have
the flexibility to select where to sell their livestock as well as how long they wish to farm the stock for. This is one
of the key differentiators of Stockline which we believe gives our product a real point of difference in the livestock
seasonal finance market,” he said.
Following a straightforward approval and set-up process, Stockline customers can take advantage of seasonal buying
opportunities and purchase now, with repayment made when the stock is sold. Farmers may purchase sheep, cattle and dairy
under the scheme.
“Working with Carrfields, farmers are dealing with people who understand farming and can sit down and go through the
best options for them,” said Baines. “We can tailor the product in different ways so each customer gets the finance
package and the class of livestock that suits them.”
Stockline key details:
• Seasonal livestock finance
• No repayments for up to 12 months
• Repayment at sale of stock
• 100% finance available
• For sheep, cattle and dairy
• Interest calculated daily and charged monthly
• Simple to set up and easy to use.
ENDS