Review on the Australian Beef Report
Article reproduced from: RANGELANDS MEMO - MARCH 2018 By Trevor Price, Northern Beef Development, Broome (more…)
Due Diligence on Land Purchases critical for Long Term Returns
By Ian McLean and Dr. Phil Holmes (more…)
How much debt can my cattle operation afford?
By Ian McLean This article was first published on Beef Central A producer going through the process of succession recently asked us the pertinent question 'how much debt can I afford to take on with the property?'. This is a critical question for all businesses to ask themselves and the answer is unique to each business, however what a bank is prepared to lend you and what debt you can afford will usually be two different figures. How much debt a business can afford will be a function of its profitability, over what period you would like the debt to be paid off, and what funds the business and family needs after debt servicing costs. A further explanation of each of these factors is below. The profitability of a business is…