Planning for success

Planning for successBudgeting – it’s just planning by another name. Every business needs a plan to be successful and once you have that plan, you need tools that can help you get the job done.

Farming is no different. Planning 1, 2 or even 5 years out is critical to stay focused on your goals, maximise your chances of success and take advantage of opportunities that arise along the way.

The key elements to planning are:

  • Identify what is to be achieved
  • Decide when you will do things
  • Determine the most effective way to get it done
  • Find the resources you need
  • Monitor and review progress

Your financial budget forms a key part of the plan and while your bank is often the mainstay for your working capital requirements, Farmlands Creditline can be used strategically alongside your overdraft to smooth cashflow during peak months.

Farmlands Creditline is a multipurpose deferred payment and cash flow smoothing facility, available exclusively to Farmlands shareholders.*

It is simple to arrange and once in place, provides options to:

  • Defer payment of goods purchased on your Farmlands Card for up to 3 months
  • Access exclusive Farmlands, Card Partner and supplier deferred payment deals (refer to next page)
  • Transfer part or all of the amount due on your Farmlands Account and pay it in 3 months 
  • Defer or spread payment of Ballance fertiliser for up to 6 months
  • Accommodates positive movements in your cash flow, as there is no need to wait for the 3 month deferred payment period to expire before repaying, therefore reducing interest costs
  • No penalties or hidden costs, Creditline has no establishment fee and interest accrues daily on any outstanding balance, so you only pay for what you use.

For more information, talk to the friendly team at your local Farmlands store, call your local Regional Finance Manager or contact us on 0800 200 600.

* Subject to Farmlands Finance Limited lending criteria, Terms and Conditions.