Each year brings different conditions for dairy farmers down south, but there are a few things that tend to be consistent. One of those is the cashflow pinch that tends to happen in the autumn as milk production hits a low point, whilst the need for hay and silage remains ever present as pasture is kicking back into gear after the summer.
Over the past few weeks we have welcomed a number of new dairy farmers to DelayPay so I thought it would be a good time to share how DelayPay is often used by dairy farmers to help out during this time.
Getting your credit limit established is really straightforward. All we need is your ABN and drivers license to get things underway, with limits approved within 24 hours. Once you have your limit in place we will work with you and your fodder supplier to organise payment.
As we are one of the few businesses that fund hay and silage we have plenty of experience in these transactions. We can pay in advance or after delivery depending on what works for you and your supplier. All of our paperwork is done online so you can knock it over in the paddock or at lunchtime quickly so you can get on with the task of farming.
Your DelayPay credit limit can be used to buy pellets, hay and silage from whatever supplier you choose, so you have the option to find the right fodder at the right price for your business.
Once your cash flow starts to kick back in you can start to pay down on your DelayPay account. Each payment in advance of the due date reduces the bill. Once you have paid it down in full, if you need it again it’s there ready to go straight away.
If you don’t need it again until next summer all it takes is a phone call and you can have things up and going again within a few hours.
Finally, we work with all business types from share farmers to contractors to business owners, so if you would like to know more about how it works just call Mieke on 0455888392 or Kelsey on 0409117730 and we can run you through how it all works.