Today’s episode is mostly for farmers looking to diversify their businesses and thinking of how to finance these ventures.
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Timestamps for today’s episode
1:04 Ben introduces the show.
2:03 Andrew comes in.
2:55 Andrew talks about himself and his business.
4:11 Today we are talking about farm diversification. Staying broad, what are some typical enquiries that Andrew gets from farmers?
6:09 Has there been a spike in interest in diversification from a finance point of view?
7:26 How have farmers historically viewed debt and has that shifted?
10:36 What are lenders looking for and considering?
13:59 How do lenders view established businesses and new businesses?
16:39 Taking an example farm and how they might diversify.
21:47 Message about RuralPod Media.
22:36 Financial planning and projections.
24:20 What time process does it take?
26:26 Attitudes to risk.
29:56 What does Andrew do to keep focussed?
32:30 How to get in touch with Andrew – firstname.lastname@example.org
33:17 Ben rounds up.