Enquiries

A Few Simple Questions

Thank you for taking the time to visit us.

Here are a few simple questions:

Are you currently dairyfarming?
Do you own some of your own cows?
Are you thinking of:
- increasing your herd size?
- releasing equity from your herd to invest in your business?
If so, CowBank can help you.

Application

If you would like to make an application, Ella Credlin our Agricultural Analyst will visit you on farm to help you complete this process and go through any additional information required.

Ella will also complete a Farm report which covers the physical aspects of your farm and cows.

How does CowBank work?

To grow a successful business today you need capital. CowBank can provide you with capital for your dairy herd to help you grow and/or improve your dairy farm business.

Key features of a CowBank herd lease:

An operating lease, therefore CowBank is the cows’ owner during the term of the lease.
Lease Term - 5 years
Payments - 60 monthly lease payments
Residual indemnity - 20% of original herd lease value (this is the amount that the lessee guarantees that CowBank will achieve on sale of the herd from CowBank at the end of the lease period). The leesee typically acquires the leased herd from CowBank at the end of the lease period.
Lessee has to grow replacement heifers (20% per annum) to enable replacement of cull cows

If you require any further information or would like to discuss any aspect of our leasing facility, please call us on Freecall 1800 300 269, there is no obligation or charge.

If you would like to make an application, then view our Application Form, send it to us and we will call you to discuss your application and organise a farm visit.

Who should use CowBank?

If you are a dairy farmer who wants to grow your business, CowBank can help you.

CowBank specializes in dairy herd rental only. We complement your mortgage financier and play a part in the overall funding of your business.

Our representatives, all current or ex-dairy farmers, can help you to decide whether or not a CowBank lease is right for you.

How CowBank can make you more profitable?

Increase your income - increase your herd size sooner to the optimal number of cows you can profitably milk. You can use a CowBank lease to increase the quality of the individual animals within your herd by buying better and more productive cows.

With our experience in the dairy industry, we are fully aware that water, crops, complementary feed and fertilizer all need careful reckoning to balance costs with milk revenue.

How the Lease works

CowBank buys cows and rents them to you over a 5 year contract. The cows may already be yours, or they may be in addition to your current herd.

As an example, if we pay $ 1,500 per cow your rental is about $ 33.75 per month. At the end of the contract, you can buy the cows for 20% of their original lease value. These are guide prices, excluding GST.

You will receive all income from milk, cull cow and calf sales. CowBank requires you to grow replacement heifers (20% per annum) to enable replacement of cull cows.

All cows and heifers are to be identified with NLIS ear tags so that the CowBank cows can be easily identified each year.