Close up of a sheep standing in a pen

Phil and Andrew

Phil and Andrew run a large mixed farming enterprise in Central Victoria. They usually shear around September / October and supply a high value contract with tight specifications. The client is very reliant on this income to replenish their working capital position in the lead up to grain harvest.

After inspection of livestock, they had concerns that staple length would not achieve specifications necessary to maximise pricing under their wool offtake contract, and if shearing was undertaken at that time their return would be materially impacted.

They approached Legacy Livestock and requested a cash advance to cover their working capital requirements to enable them to delay shearing and optimise the value of the wool clip. This was approved and documented with funds made available to the client within a week from original enquiry.

The uplift in the value of the wool clip achieved by Phil and Andrew was calculated to be greater than 7 times the cost of the interest associated with the cash advance.

You might also like

Widespread falls extending well into southern QLD has provided some support to hold the markets this week, expect
The Australian beef industry relies heavily on tools and analysis to navigate its complex market environment, where prices
Paddock cattle numbers continue to flow as producers return from holidays, placing continuing pressure on prices.
The Australian sheep meat export market continues to demonstrate a complex interplay between destination-specific preferences and pricing trends.