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2 Western Australians turn logistical nightmare into sugar farming success story

A banker from Western Australia and his fresh fruit and vegetable associate wanted to launch a small cropping venture. However, the partners encountered major financing and operational roadblocks that stalled their startup plan.

CHALLENGE:

A banker from Western Australia and his fresh fruit and vegetable associate wanted to launch a small cropping venture. However, the partners encountered major financing and operational roadblocks that stalled their startup plan.

OUTCOME:

AgLend successfully acquired several loans to launch the borrowers’ business and provided assistance in meeting regulatory standards.

This is not your typical sugar farming success story. A banker from Western Australia and his associate — a fresh fruit and vegetable wholesaler — wanted to purchase an irrigated sugarcane farm in North Queensland to launch their own small cropping venture.

Neither has ever run a viable small crop farm before. The contract also included outdated farming equipment and water licenses.

To spare them of the logistical nightmare involved, AgLend Finance brought in solicitors with strong agribusiness knowledge who can help streamline the whole process.

By trusting AgLend Finance’s specialty in small crop finance, the clients successfully achieved these business milestones:

  1. Acquired working capital to help fund startup costs such as planting.
  2. Negotiated equipment financing to purchase the proper farming equipment.
  3. Performed due diligence related to soil test and water licenses.

In the end, the clients realized that having trusted industry insiders on your side helps you acquire small crop financing faster and eases the pain of starting a rural business.

Aglend is Australia’s #1 choice for agricultural finance, providing funding to farmers and agricultural businesses. We believe in supporting farmers to grow their farm businesses no matter their circumstances.

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