FAQs

StockCo provides livestock finance facilities to customers that satisfy the following criteria:

• Existing livestock producer with greater than 3 years experience.
• Own existing livestock producing property, but can also have other leasing or agistment arrangements.
• The customer must demonstrate the ability or the method by which they will make the required annual Principal and Interest payment in order to extend the trade for a further 12 months.

If any livestock are sold, proceeds are to be sent directly to StockCo at the time of sale to repay the outstanding finance (purchase price plus finance costs) on these livestock. In addition to this a payment of 25% - 33% of the remaining principle, plus accrued finance costs, is required within each 12 month period in order to extend the trade for a further 12 months.

* We recommend that where a customer indicates from the outset that they wish to complete a Stock Advance against the progeny to pay the principal, that they discuss this with their bank from the outset.

Generally, StockCo will accept the following forms of repayment:

• Sale proceeds of financed livestock (sent directly to StockCo from purchaser)
• Sale of progeny
• Sale of culls and empties
• Wool sales
• Cash
• Stock Advance against progeny or other stock*

* We recommend that where a customer indicates from the outset that they wish to complete a Stock Advance against the progeny to pay the principal, that they discuss this with their bank from the outset.

You can pay out your obligations to StockCo at any time with no penalties.

StockCo would prefer non-productive or empty females are sold and the proceeds go toward repaying the initial advance. Productive breeders can then be re-purchased if required. StockCo can finance replacement productive breeders if required.

You can apply by completing our online application form or download a form from our documents page.

You can lodge your application with any of our approved distribution partners or directly with StockCo. To find a local distribution partner near you please contact us on 1800 283 447 or via email at [email protected].

In most cases we will visit you on farm to ensure we have a thorough understanding of your business and your goals.

After your application is lodged it will go through our Ready to Trade process.

We have a preferred minimum limit of $100,000, although we will consider applications for smaller amounts where there are reasonable prospects to grow over time.

There is no maximum facility limit. StockCo has engaged in a number of transactions greater than $10 million.

We take security directly over the livestock that we have funded. We register our interest in the livestock on the Personal Property Security Register. We also track livestock movements via the National Livestock Identification System Database. Additionally, in the event that our customer is not the owner of the business assets, we may require a guarantee.

In some instances, StockCo may require other security agreements following its assessment of the customer.

For Breeder Finance and Stock Advance products StockCo require a release from any parties that have an existing security interest that encompasses livestock. This release relates only to the livestock to be financed by StockCo. This process can take some time depending on the security interest holders' processes. See our Personal Property Security Register page for more information on security interests.

• Yes, subject to approval, we will advance funds as a Stock Advance against livestock you already own, so long as they are intended to be sold within 12 months.
• In most cases your existing livestock will be captured by your bank’s security and we will require a release from any security holders before we can advance funds against existing livestock

Generally StockCo will provide a decision on applications within 2 business days of receipt of all necessary information.

• Once your application is approved we aim to have loan documents to you within 2 business days.
• You are able to commence trading as soon as we receive properly executed documents and have completed our security registration.

Our Buying and Selling Instructions are contained in the document section of this website

StockCo recommends you take out insurance to cover your financial obligation for the livestock.

Our strategy is to enhance your relationship with your existing bank, by providing an opportunity for you to generate greater returns from your existing livestock business, without impacting your existing arrangements with your bank.

We do this by taking direct security over the livestock we fund and by taking guarantees from major asset owning people or entities.

StockCo purchases your livestock from you at an agreed value that is no greater than the current market value. When these livestock are sold, the proceeds are sent to StockCo. We retain the purchase price and finance costs and send you the difference

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.

If there are no other parties (banks, other financiers, rural merchants, etc.) interested in your livestock, we can complete the process in a matter of days.

The livestock agent’s appraisal will determine the market value of the livestock. We then consider the stock class, term of trade and expected margin. StockCo may advance up to 100% of the appraised market value of the livestock; however, the final amount may be reduced depending on your situation.

Generally, StockCo will accept the following forms of repayment:

• Sale proceeds of financed livestock (sent directly to StockCo from purchaser)
• Sale of progeny
• Sale of culls and empties
• Wool sales
• Cash
• Stock Advance against progeny or other stock*

* We recommend that where a customer indicates from the outset that they wish to complete a Stock Advance against the progeny to pay the principal, that they discuss this with their bank from the outset.

StockCo provides livestock finance facilities to customers that satisfy the following criteria:

• Existing livestock producer with greater than 3 years experience.
• Own existing livestock producing property, but can also have other leasing or agistment arrangements.
• Previous experience dealing in the proposed livestock class the customer is seeking finance for.

StockCo makes decisions based on its own internal credit criteria that may include, but isn’t limited to the above criteria. See the ready to trade with StockCo page for further information on the application process.

We take security directly over the livestock that we have funded. We register our interest in the livestock on the Personal Property Security Register. We also track livestock movements via the National Livestock Identification System Database. Additionally, in the event that our customer is not the owner of the business assets, we may require a guarantee.

In some instances, StockCo may require other security agreements following its assessment of the customer.

For Breeder Finance and Stock Advance products StockCo require a release from any parties that have an existing security interest that encompasses livestock. This release relates only to the livestock to be financed by StockCo. This process can take some time depending on the security interest holders' processes. See our Personal Property Security Register page for more information on security interests.

Our Buying and Selling Instructions are contained in the document section of this website

• Yes, subject to approval, we will advance funds as a Stock Advance against livestock you already own, so long as they are intended to be sold within 12 months.
• In most cases your existing livestock will be captured by your bank’s security and we will require a release from any security holders before we can advance funds against existing livestock

You can pay out your obligations to StockCo at any time with no penalties, however all trades have a maximum term of up to a year where livestock need to be sold by. This may be extended subject to StockCo's consent.

You can apply by completing our online application form or download a form from our documents page.

You can lodge your application with any of our approved distribution partners or directly with StockCo. To find a local distribution partner near you please contact us on 1800 283 447 or via email at [email protected].

In most cases we will visit you on farm to ensure we have a thorough understanding of your business and your goals.

After your application is lodged it will go through our Ready to Trade process.

Our calculator is set at 1% per month (or 12% p.a.) and applied as a simple figure in dollars per head to give you an indicative margin and finance cost on your trade. The finance rate is calculated daily and compounded monthly. The calculator is simply a guide and rates vary on an individual basis. Contact StockCo to discuss further. Remember that StockCo’s product is not a traditional loan product. We deploy 100% of the purchase cost and accrue funding costs until the animal is sold, at which point we remit the margin to you. In other words, your margin is the sale price less the purchase price and cost of funding. The cost of funding is similar to a Cost of Goods sold in your production budget – just like freight, ration or drench.

Margins are shown as a Gross Value excluding purchase price and finance cost. You will need to factor all other on-costs, such as feed, freight and selling costs, against the calculated margin.

StockCo has budgeting calculators that our team are happy to work through with you. Otherwise the MLA and relevant Government Agricultural Departments have resource materials available. You can find the MLA Cost of Production Calculator here:
https://www.mla.com.au/extension-training-and-tools/tools-calculators/Cost-of-production/

Our calculators are a guide only. The calculation on margin is intended as an indication only, enabling you to sense-check a potential trade.

StockCo evaluates each application and applies a finance rate that reflects the strength of your application. Call us to discuss our market competitive rates.

The finance rate is disclosed as either a monthly percentage or a margin above the Bank Bill Swap Rate. Both are charged as a per annum rate, calculated daily and compounded monthly.

Please see our buying and selling instructions here.

You can check your balance and available limit on our Customer Portal. If you don’t have access to the Customer Portal please contact us to activate it.

You will be emailed a Supplementary Agreement for each purchase and a Recipient Created Tax Invoice for each sale as well as monthly activity statements. These will be provided via email.

Once StockCo has received proceeds in relation to your sale they are applied to your facility  immediately, and any margin should be received by you within 24hrs.

No. StockCo pay trading margin as you go, every time you sell.

Yes. Early repayment could have accounting implications, so we recommend discussing with your accountant first before contacting your Customer Service Manager to arrange the early repayment. For further information see the cash repayment section in our Information for Accountants document here.

As soon you know that this is the case, please contact your Agrifinance Manager and we can work with you to achieve the best outcome.

StockCo livestock must remain separately identified to your own livestock per clause 5.6 of the Master Livestock Terms and Conditions. If you sell StockCo livestock mixed in with your own and your agent can't split the sale, all sale proceeds must go to StockCo. StockCo then split sale proceeds only if advised by the customer to do so. Please contact us if this is the case. If no instructions are received to split the sale proceeds, StockCo will repay the number of head sold.

Please see our Information for Accountants document here. Please note Stock Advances are referred to as Cash Flows in this document.

StockCo recommends you take out insurance to cover your financial obligation for the livestock.

You are required to inform StockCo and repay the finance on the deceased livestock. There are several ways we can structure the repayment for you. Please contact StockCo to discuss your best option.

Yes. Stock Advance allows you to cash flow your own livestock. It will require a security release from your other creditors.

No. StockCo does not fund standalone sire or stud stock purchases.

We can by arrangement. Please contact us for future information.

Please see our Information for Accountants document here. Please note Stock Advances are referred to as Cash Flows in this document.

In addition to the reporting provided to the producer for each transaction (each purchase and sale of livestock) StockCo has available a number of period transaction and balance reports that are able to assist with the compilation of year end accounts and analysis of performance.