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Written by Rod Banks
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Thursday, 05 November 2009 00:18 |
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CowBank has recently been involved in establishing three farm leases with high % sharefarming. These leases involved over 1300 cows in two states.
The opportunity this has provided for both the landowner and the sharefarmer is a WIN : WIN to all. CowBank has played a small role in leasing some of the cows which gives the Landowner some cash to do the things they want to do and in doing so provide cash flow.
Our role has been in setting up the legal agreements and heads of agreement for the management entity, with assistance from professional advisors to the parties to do the final agreements.
The system was first used by one of our clients 10 years ago, and we watched them go on to farm ownership, and since then we have done it with 4 more clients. We are currently working on two more of these agreements. The old 50:50 agreement used to work well when seasons were good and prices were reasonable but in the volatile times we currently face they damage all the parties.
If you are interested in these agreements give us a call. |
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CowBank - Grow more profitable |
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CowBank is a small agricultural company, specialising in herd leasing to dairy farmers and managing/advising a group of dairy farms on behalf of investors.
- In operation since March 1999
- To date has leased 38,500 cows to 210 dairy farmers throughout south-east Australia.
- The dairy farm management business operates 10 dairy farms within Victoria with over 8,000 cows.
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Written by Rod Banks
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Tuesday, 16 December 2008 03:39 |
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Agricultural financier Cowbank has leased more than 40,000 cows in almost 300 leases throughout southern Australia in the past 10 years. Founder Rod Banks said 40 per cent of the business was in south-west Victoria. Cowbank has been in operation since 1999 and has played an important role in the development and growth of the dairy industry, he said. "CowBank travels extensively to personally meet with our farmers and tailor our financial packages based on practical hands-on experience," he said. |
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