National Australia Bank offers financial services to agribusiness. The financial – franchisor business houses a specialist agribusiness team of more than 530 people nationwide. The agribusiness managers from the financial services provider provide individual financial solutions to primary producers, processors and service providers.
Agribusinesses can get access to National Australia Bank's commodity marketing, financial planning and insurance specialists. The financial franchisor business will first get a clear understanding of clients’ agribusiness by going through their farm or business history, their key enterprises and plans for the future. The financial services provider makes its key assessment of a client’s agribusiness on the basis of Farm Viability.
Viability of a farm is assessed based on farm operating expenses, debt servicing obligations; tax; capital expenditure; and how the farm sustains the family with a reasonable standard of living. National Australia Bank can assist clients, who want to build an alternative source of income to the property, retire with independence from the next generation and the farm or to plan farm succession.
21-Jan-2008