David is a young primary producer based in South Australia who has significantly expanded his cropping and livestock business over the past 10 years.
Recently an opportunity arose to purchase a neighbouring property. This was a strategically important opportunity for David’s growing farming operation, enabling him to significantly increase the scale of his business with minimal additional overheads.
David secured bank funding to purchase the neighbouring property but needed additional funds to fully stock the property. There was a tremendous opportunity to purchase all the livestock in situ on the property and have it fully stocked from the moment he settled on the purchase.
Legacy Livestock provided a $1.4 million facility enabling David to purchase with 2,400 ewes with lambs at foot already in situ on the property and additional trade lambs, optimising cash flow from the new property.
David’s story is a great example of how Legacy Livestock helps ambitious farmers realise their growth plans. As a forward-thinking producer, David saw the opportunity to expand and took the leap to acquire a neighbouring property. However, like many in agriculture, he faced the challenge of securing enough capital to truly take advantage of the potential. With support from Legacy Livestock, he was able to invest in 2,400 ewes with lambs and extra trade lambs, ensuring his new farm was fully stocked and operating at its best. This partnership gave David the flexibility and confidence to grow, and is just one of the ways Legacy Livestock supports Australian producers moving forward.
