WHILE harvest 2022 would ordinarily be in full swing throughout November, croppers across the state have been impeded by storms and colder temperatures.
These conditions not only delay growth, but cause significant challenges with sodden soil, increased disease and weed control.
The team at Rural Business Support (RBS) are responding to inquiries from farmers struggling with the ‘wet drought’ – a term used to describe the inclement weather and the likelihood of major crop losses.
The latest storms have many farmers dealing with shot grain, spoiled hay or water-logged crops in what should have been a strong harvest, but now farmers are counting the cost of the wetter-than-usual spring.
“Croppers and mixed farmers who are already considering the financial impact of the ‘wet drought’, or a down scaling in the quality of their crops and who are taking time to work through their options will be in a better place to recover financially,” said RBS CEO, Brett Smith.
Mr Smith encouraged farmers concerned about their cashflow and ongoing delays to this year’s harvest to reach out and chat about their options sooner rather than later.
“By preparing contingency plans for the remainder of the season and considering the short and long-term implications on your business model sooner, farmers can take action earlier to ensure they are protected financially,” he said.
RBS business financial counsellors are experienced in supporting primary producers to recover from financial stress and threats by helping to improve financial literacy, growing individual capabilities and building confidence to make better business decision.
RBS’ free, confidential and independent support for primary producers can benefit from support to:
- Assess and understand their current financial position
- Navigate financial issues
- Develop budgets and cashflows depicting different scenarios
- Negotiate with creditors
- Prepare for discussions with your business partners, the bank or the ATO
- Access dispute resolution services
- Seek broader professional advice and support
Help is just a phone call away. Freecall 1800 836 211 today.