Episode Details

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A lot of producers are sitting on an asset that could fund their next expansion, but they don’t realise how to unlock it. In this episode, Brecken sits down with Richard Brimblecombe from Legacy Livestock to unpack how livestock finance really works and how it can accelerate your farm’s growth.

This episode covers:

◼️ How livestock lending differs from traditional bank lending

◼️ When livestock finance can unlock growth for good operators

◼️ How funding limits, security and repayments actually work

◼️ Using livestock finance to scale, expand or buy property

◼️ The risks, traps and market conditions producers need to understand

◼️ How young producers can use cashflow and livestock to get started

◼️ When livestock funding complements the bank instead of competing with it

Timestamps:

00:00:00 Introduction

00:00:57 - Differences Between Livestock Lending and Traditional Bank Lending

00:02:31 - How Livestock Funding Works

00:04:00 - Types of Livestock Funded by Legacy

00:05:09 - Capital for Business Growth

00:05:46 - Success Stories of Livestock Funding

00:07:26 - Relationship Between Livestock Funders and Banks

00:08:07 - Opportunities for Young Producers

00:09:51 - Leveraging Existing Herds for Property Purchases

00:11:59 - Risks in Livestock Trading

00:17:59 - Advice for Young Producers Starting Out

00:19:45 - Importance of Cash Flow and Assets

00:21:29 - Guarantors and Equity Requirements

00:22:09 - Cost of Livestock Funding

00:25:20 - Comparison of Livestock Funding vs. Adjustment

00:27:30 - Funding for Sheep and Other Livestock

00:28:53 - Future of Agricultural Lending

00:30:24 - The Role of Livestock Funding in Business Growth

00:31:00 - Turnaround Times for Funding Applications

00:34:03 - Common Financial Mistakes in Agriculture

00:36:32 - Preparing for More Finance

00:40:08 - Criteria for Approval from Legacy Livestock

Follow Brecken Curtis:

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LinkedIn: https://www.linkedin.com/in/brecken-curtis-8716323aa/

Seasoned Finance: https://seasonedfinance.com.au

Follow Richard Brimblecombe:

https://www.linkedin.com/company/legacy-livestock-finance/posts/?feedView=all

https://www.linkedin.com/in/richard-brimblecombe-a4515010/

https://www.instagram.com/legacylivestock_finance/

Learn more at https://www.legacy