What You'll Learn
A practical walk-through of the product, the criteria behind it, and how an adviser puts a client forward.
- How Farm Progression Loans work, and the criteria behind them
- Which clients they are designed for, including sharemilkers and contract milkers
- How live Figured data supports a lending conversation
Who It's For
Farm Progression Loans are aimed at farmers ready to take a step toward ownership, and at the advisers guiding them there.
- First farm ownership, for contract milkers and sharemilkers ready to step up but who cannot meet the deposit a conventional lender expects
- Succession and consolidation, including buying out family members or releasing equity in a succession deal
- Expansion, such as purchasing additional land or a runoff block to improve efficiency
Why It Matters Now
Over the next decade, around $150 billion of rural assets will change hands as one generation exits farming.
The model that decides who can buy has not moved with it. The best farmers are still assessed on what they already own rather than on how well they farm, and the session covers what changes when a lending decision starts from verified farm performance instead.
