FAQs

Yes we do – it will be taken where an event of default occurs or is deemed to occur

If the application is not at a level where there are acceptable credit metrics we may ask for equity support via a guarantor or where a corporate relationship applies between individuals and a trust or company, a guarantee may be sought

Please see our information pack in the resources section

If an Operator does not use a livestock agent, it is the Operator’s responsibility to advise the purchaser at sale that proceeds must be directed to Agrifunder

We understand that not all of your livestock within one placement may be ready for sale at the same time. It is therefore possible to sell the tops and tails of any herd/mob as early or late as required (note: extension fees may apply)

12 months

Provided the facility is within terms it can be used to fund additional livestock placements

You can do this with no penalties. Once the Agrifunder facility is repaid you will take ownership of the livestock

The funding would have to be rolled over which means the interest would have to be paid and we could refinance into another loan. AF then make an assessment as to what period of time it will be extended

We do not fund feed. Agrifunder must be paid before third parties

Typically within 48hrs of the funds being received into our account

Check the url path. If you are an Operator it should be: portal.agrifunder.com.au/operator. If you are a Livestock Agent it should be: portal.agrifunder.com.au/agent.

Written request to be considered by Agrifunder in context of the size of the placement. We may require a farm/stock inspection and weighing amongst other things

Yes, third party properties will need to be inspected and proposed for Agrifunder acceptance. This will include property detail, carrying capacity, 3rd party management capability assessment. Inspection can be undertaken by an authorised representative

Agrifunder encourages the use of RFID tags from the perspective of greater livestock monitoring efficiencies on two fronts: 1. Greater capacity to monitor stock at an individual rather than mob-based level 2. The ability to track stock at an individual level allows us to provide our customers with more detailed performance reporting regarding their trades and livestock performance

Agrifunder livestock funding is an alternate source of capital to traditional bank finance. It supports improved cash-flow to help your business grow without impacting your existing bank arrangements

We view our relationship with our agents to be a mutually beneficial one and encourage our Operators to sell Agrifunder livestock through their primary agent In the event that an Operator does not sell through their primary agent we require the Operator to advise this prior to the purchase

1 . Direct all Invoices and Account Sales to: info@agrifunder.com.au 2. Invoices and Account Sales must be named as follows: [Client] as agent for Agrifunder Pty Ltd ABN 52 622 246 486 (full company name and ABN must be noted) 3. PIC movement of livestock must be completed before invoices will be paid 4. For any new agency or account details, verbal confirmation of your bank details must be completed prior to payment for fraud prevention purposes 5. Payment of Agrifunder livestock must be applied directly to the Agrifunder account; Name: Agrifunder Finco No. 1 Pty Ltd BSB:                   062-692 ACC:                   3731-0519 For any questions or support, please contact the Agrifunder Operations team on 1800 247 438 or at  info@agrifunder.com.au

Some key questions to ask to clients:

1. Does the producer need capital to fund trading stock?
2. Do they have trading experience greater than 12 months?
3. Are they fattening/finishing stock within 12 months?
4. Are they trading >$100k of stock per annum or looking to grow beyond $100k in trading?
5. Do they own the property on which stock are held? If No, will the owners of the leasehold/agistment sign a right of entry?

If the answers above are 'Yes', please feel free to call us to discuss your client’s needs or direct them to contact us via our website or phone 1800 247 438.

For Agrifunder to better understand your client and their business we undertake a Credit Limit Assessment:   Step 1: Client completes Online Application   Go to https://agrifunder.com.au/contact-agrifunder/ to fill in the required information. Paper applications are available on request   Step 2: Client provides supporting information   After submitting the online application, Agrifunder will require the following information:

• Statement of Position (template available via the online application)
• 2 years Financial Accounts and Tax Returns (most recent within 18 months)
• Rates Notice for owned property where livestock will be held
• Certified copy of your Trust Deed (if applicable to your borrowing structure)
• Certified copy of relevant individuals Driver’s Licenses

  Step 3: Agrifunder completes assessment   Agrifunder will complete the assessment within 2 business days of receiving all required information. On successful outcome, required documentation is issued and the client is provided their online account login to commence trading etc.   Please note: the assessment MUST be completed before stock arrive to the property otherwise the related invoice may not be paid. On request it can arranged to apply security before assessment is completed if a sale opportunity is imminent.