I want to
milk more cows - herd expansion
Improved pastures? Good season? Better managment? Higher milk prices? Or more land? There’s plenty of reasons why dairy farmers want to boost herd numbers and maximise revenue.
Growing your herd could unlock increased milk production and higher profits, but the upfront cost of new cows can be a hurdle.
Sound familiar? You’re not alone.
Expanding your herd is one of the smartest investments a dairy farmer can make. CowBank are specialists in delivering tailored financing soultions that deliver extra cows and also consider cash flow, tax planning and other crucial business goals.
“I want to grow my herd but don’t have the upfront capital or cash flow to do it.”
How CowBank Helps
CowBank can help you top up your herd with quality cows, boosting cashflow for the season ahead
CowBank provides 100% financing for purchasing additional cows, allowing you to expand your herd without tying up your capital.
Flexible payment terms align with your seasonal cash flow, making herd growth achievable and sustainable.
Faster Approvals
With approvals often within a week, you can act quickly on opportunities and start generating revenue sooner.
No land security required
Unlike banks that require land as security, CowBank secures the loan against your cows, keeping your other assets unencumbered.
Immediate access to a larger herd to increase milk production.
Tax-deductible lease payments reduce overall costs.
Preserve capital for investments in land, productivity, or infrastructure upgrades
Access to professional advice
Utilising your assets
“It is important to recognise when an investment - such as cows - has such a good payoff, that it is worth the additional financing cost to get the substantial immediate benefit that’s on offer.
Unfortunately sometimes farmers are under-utilising their farm assets and their capability, because they don’t consider using livestock finance.”
- Rod Banks, CowBank
Case Study
Quick finance secures vendor terms in NSW
Trevor Middlebrook needed herd finance and he needed it fast. The Gloucester, NSW dairy farmer had an opportunity to buy some quality cattle - on a neighbouring farm and with vendor terms - but he had to make a decision within hours…
Frequently Asked Questions
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CowBank can move quickly compared to some traditional lenders. Some dairy farmers can receive approval within 1 week.
This varies depending on each individual situation. Once approved, the money can be available in 1-2 days.
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Exactly that - CowBank does not tie up your land, house or any other asset when you lease cows. The cows, themselves, are the security. You don’t even need to necessarily own land to lease cows through CowBank.
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Say you want to buy 300 cows, but don’t want to add them to your herd all at once. CowBank can approve your loan for the 300 cows and you can choose when to add them into your herd. For example, 100 could be added straight away and then another 100 in spring - when there’s more feed - for example and the remainder, when it suits your business.
At CowBank we are practical. We know you may not want all your cows calving at the same time, we also know that homegrown feed fluctuates - that’s why we offer finance for the real world.
The money can be approved as one total loan facility and it can be drawn as separate tranches.
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CowBank trusts that each dairy farmer knows what type of cows work best in their business. Many dairy farmers choose to source their own cows either through existing contacts or their trusted stock agent. For others, CowBank has an extensive network of buyers and agents who work with farmers right across the country to secure the stock they need.
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Unlike some private cow leasing arrangements, CowBank isn’t going to tell you how or what to breed your herd too - you are the expert in your business. CowBank has a preference that dairy farmers breed to ensure enough heifer replacements - like all good dairy farmers - but outside of that, you make your own decisions.
“At CowBank we take the approach of backing dairy farmers ‘a good decision for you, is a good decision for your cows’. We aren’t looking to run your business, in any way, you are the expert in that department. We play a supporting role” - Rod Banks