TERRA AG FINANCE - March Update 1st March 2020
Good Afternoon,
A quick update for you on what we are seeing in the Finance world at the moment.
Main discussion points:
Earlier last week we saw Bond Yields rise by 7bps to 1.65%, the Aussie Dollar hit a 3-year high @ US 79.18c which demonstrates the rising confidence within the economic outlook.
We have seen a recent jump in Commodities, Copper reached a 9-year high, Oil and Iron Ore all showing strong uplift.
COVID has been a strong talking point, the roll out of the Vaccine is starting to take place which will create further optimism that things will return to normal soon. Further easing of restrictions in NSW has been well welcomed.
Opportunities within the Market:
Asset Finance Rates are very cheap at around the 3% mark, Instant Asset Write-off scheme is continuing through to December 2021. Very good time to be updating Machinery, call to arrange quotes.
Fixed Interest Rates is an interesting space. We have already seen a movement is BBSW over the past few months, with more confidence returning into the economy, now could be the time to investigate fixing a portion of debt for a longer period of time. Please see below a comparison in BBSW Rates from December through to now showing clear movement in one direction. Call to discuss.
Working Capital is often a hot topic around this time of the year for some. Ensuring that your business has appropriate access to funds is vital. Call to arrange a meet to review your current Working Capital needs.
Cropping/Seasonal Finance is another service offering that Terra Ag Finance can assist you with. This can be a viable option for your business to meet its Working Capital needs. Call to discuss your needs and to receive a quote on a Cropping Finance Facility.
December 2020
February 2021
For any enquiries, please don’t hesitate to give me a call.
Regards,
Pat McNamara
Finance Broker
Terra Ag Rural Agencies Pty Ltd
Unit 30, 16-24 Whybrow St, Griffith NSW 2680
M: 0488 935 009
F: 02 6964 6095
Terra Ag Rural Agencies Pty Ltd – ACN 631 478 718 is an Authorised Credit Representative (ACR 529181) of Finsure Finance & Insurance Pty Limited (ABN 72 068 153 926, ACL Number 384704). Unless expressly stated otherwise, information in this email should not be considered advice and has not taken into consideration your personal circumstances. While Terra Ag Rural Agencies Pty Ltd make every effort to keep its emails free from viruses, we cannot accept liability for any damage sustained as a result of software viruses. You should carry out your own virus checks before opening any email attachments.