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#052 - 5 Things Farmers Should Know About Structuring Debt
Description
Grow your agribusiness with expert finance strategies, book a free consultation 👉 https://use.seasonedfinance.com.au/pod-ep52
As your farm business grows, the structure that got you here may not be the structure that gets you where you want to go. In this episode, Brecken breaks down how ownership, income, debt and succession all connect, and why reviewing your structure before a major move can save time, money and frustration.
◼️ How growth can expose weaknesses in your current structure
◼️ Why accountants, solicitors and brokers all need the same picture
◼️ How business structure impacts lending, succession and future expansion
Timestamps:
00:00:00 - Introduction
00:00:29 - Reviewing Your Current Farm Structure
00:00:50 - How Growth Changes the Right Structure
00:01:13 - Why Lenders Need a Clear Ownership Story
00:01:59 - Mapping Your Current Structure on One Page
00:02:34 - Aligning Accountants, Solicitors and Brokers
00:03:14 - Family Partnerships and Tax Considerations
00:03:42 - Why There Is No Universal Structure
00:03:58 - Structure, Succession and Liability Risks
00:04:38 - Why Structure and Lending Must Align
00:05:07 - Explaining Changes to Your Lender Early
00:05:54 - Succession as a Trigger for Structure Reviews
00:06:35 - The Right Advisors for Growth and Succession
00:06:45 - Expansion and Property Purchase Planning
00:07:00 - The Myth of a Magic Turnover Number
00:07:14 - Creating a Structure Review Rhythm
00:07:50 - Why Early Reviews Prevent Delays
00:08:13 - Final Takeaways on Farm Structures
00:08:47 - Finance Support and Next Steps
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