What is the process?
You need to have an active StockCo facility. Either one of our Livestock Managers (or your agent) will visit the farm to appraise your livestock. We need to make sure the stock are not captured by the security of another financier – for example, a bank or rural merchant. If they are, we will ask them to confirm that they have no security interest in the stock we are proposing to advance against. We can then purchase the stock from you and send you the funds. Levies are payable on this transaction. As the purchaser, we will pay you the GST-inclusive amount which will need to be remitted to the ATO.