{"id":309,"date":"2022-06-23T05:46:10","date_gmt":"2022-06-23T05:46:10","guid":{"rendered":"https:\/\/aglend.com.au\/?p=309"},"modified":"2022-10-21T04:48:43","modified_gmt":"2022-10-21T04:48:43","slug":"farming-family-ditched-old-lender-increased-broadacre-farm-area-via-new-4-m-credit-package-with-livestock-loan","status":"publish","type":"post","link":"https:\/\/aglend.com.au\/blog\/farming-family-ditched-old-lender-increased-broadacre-farm-area-via-new-4-m-credit-package-with-livestock-loan\/","title":{"rendered":"Farming family ditched old lender, increased broadacre farm area via new $4M credit package with livestock loan"},"content":{"rendered":"\n<h2 class=\"wp-block-heading\"><strong>The challenge:<\/strong><\/h2>\n\n\n\n<p>A local farming family had problems pitching an expansion plan to their lender.<\/p>\n\n\n\n<div style=\"height:20px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>The outcome:<\/strong><\/h2>\n\n\n\n<p>Aglend successfully negotiated a broadacre farm financing and&nbsp;<a target=\"_blank\" href=\"https:\/\/aglend.com.au\/lending-expertise\/livestock-finance\/\" rel=\"noreferrer noopener\">livestock loan<\/a>&nbsp;worth $4 million with a new lender to support the family\u2019s planned expansion.<\/p>\n\n\n\n<p>A local family with a long history of farming excellence was experiencing difficulties with their lender.<\/p>\n\n\n\n<p>The family\u2019s large-scale irrigated cropping farm in the Darling Downs produced dryland sorghum, soybeans, mung beans, lucerne and dryland corn.&nbsp;<\/p>\n\n\n\n<p>Seeing opportunities in the market, the family planned to diversify operations, increase their land holdings, and engage in cattle trading.<\/p>\n\n\n\n<p>However, the family felt their lender showed little support for the new phase of growth they envisioned. So they approached Aglend Finance to solve the complex challenge.<\/p>\n\n\n\n<p>Staying true to its heritage of assessing borrower situations from every angle, Aglend Finance visited the family on the farm numerous times to develop a winning strategy.<\/p>\n\n\n\n<p>The execution was perfect, with the family acquiring a total of $4M to refinance their existing loan and jumpstart their expansion plan.&nbsp;<\/p>\n\n\n\n<p>The loan package, facilitated by Aglend with a new lender, includes broadacre farm financing to&nbsp;<a target=\"_blank\" href=\"https:\/\/aglend.com.au\/lending-expertise\/rural-finance\/\" rel=\"noreferrer noopener\">purchase a neighbouring agricultural land<\/a>&nbsp;and livestock loan to enable the family\u2019s entry into the cattle trading business.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>AgLend successfully negotiated a broadacre farm financing and livestock loan worth $4 million with a new lender to support the family.<\/p>\n","protected":false},"author":1,"featured_media":294,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[74],"tags":[],"post_folder":[19],"_links":{"self":[{"href":"https:\/\/aglend.com.au\/wp-json\/wp\/v2\/posts\/309"}],"collection":[{"href":"https:\/\/aglend.com.au\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/aglend.com.au\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/aglend.com.au\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/aglend.com.au\/wp-json\/wp\/v2\/comments?post=309"}],"version-history":[{"count":3,"href":"https:\/\/aglend.com.au\/wp-json\/wp\/v2\/posts\/309\/revisions"}],"predecessor-version":[{"id":3069,"href":"https:\/\/aglend.com.au\/wp-json\/wp\/v2\/posts\/309\/revisions\/3069"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/aglend.com.au\/wp-json\/wp\/v2\/media\/294"}],"wp:attachment":[{"href":"https:\/\/aglend.com.au\/wp-json\/wp\/v2\/media?parent=309"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/aglend.com.au\/wp-json\/wp\/v2\/categories?post=309"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/aglend.com.au\/wp-json\/wp\/v2\/tags?post=309"},{"taxonomy":"post_folder","embeddable":true,"href":"https:\/\/aglend.com.au\/wp-json\/wp\/v2\/post_folder?post=309"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}