Understanding farm finances
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Understanding farm finances
Understanding farm finances
Business finances can be a complicated, confusing mix of technical terminology. Get a better understanding of the concepts and find out how you can give yourself the best possible chance of having a borrowing application accepted.
Christine Thompson shared her expertise while Mel Shipley gave more context on what banks are expecting before approving finance.
How to get started
Periodically challenging yourself to answer key questions about your business' accounts can be worthwhile, says Christine Thompson.
Doing this can help you ensure you have a thorough understanding of the health of your business - and this can be crucial when it comes to securing lending to develop your business further.
Doing this can help you ensure you have a thorough understanding of the health of your business - and this can be crucial when it comes to securing lending to develop your business further.
Members get more
TIAH members also benefit from a range of downloadable templates, resources, videos and podcasts to help them improve their business management, staff recruitment, staff development and more.
Find out more on how you can benefit from TIAH membership and sign up today.
About the webinar host: Christine Thompson
Christine Thompson,
Tenant farmer and partner at Agricultural Business Training
Tenant farmer and partner at Agricultural Business Training
About the webinar host: Christine Thompson
Christine works alongside her husband, David, on their 150-hectare (370-acre) tenanted farm on the southern edge of the North York Moors National Park. They farm 250 Lleyn breeding ewes and arable crops, including wheat, barley, and oats.
Christine has been delivering training to those in agriculture and horticulture for more than 12 years, firstly to new entrants into the farm administration industry and then to members of farming families since 2021 when ABT (Agricultural Business Training) was established.
While she says there's a huge amount of support available, Christine has found that farming families often lack confidence in the relevant business skills required to receive the full benefit of that support and guidance. Workshops provided by ABT address that issue.
Christine believes her down-to-earth approach and personal farming experience aid the delivery of training in what can often be considered a dry subject.
Christine has been delivering training to those in agriculture and horticulture for more than 12 years, firstly to new entrants into the farm administration industry and then to members of farming families since 2021 when ABT (Agricultural Business Training) was established.
While she says there's a huge amount of support available, Christine has found that farming families often lack confidence in the relevant business skills required to receive the full benefit of that support and guidance. Workshops provided by ABT address that issue.
Christine believes her down-to-earth approach and personal farming experience aid the delivery of training in what can often be considered a dry subject.
About the webinar contributor: Mel Shipley
Mel Shipley,
Senior agricultural relationships manager
Oxbury Bank
Senior agricultural relationships manager
Oxbury Bank
Mel grew up on her family’s sheep, arable and dairy support farm on the Canterbury Plains in the South Island of New Zealand. After studying ag management at Lincoln University, she joined the Bank of New Zealand (BNZ) as an agribusiness partner, managing large customer portfolios with a specific focus in dairy and horticultural sectors.
In 2017, she made the decision to move to the UK with a plan to stay for two years. However, Mel then secured a position as the national agriculture support manager at HSBC UK, working closely with senior leadership in the agriculture and central teams before returning to relationship management in Cheshire.
In 2021, Mel joined Oxbury Bank, where she is now a senior agriculture relationship manager in the North West of England. She is tasked with maintaining growth and managing customer relationships.
In 2017, she made the decision to move to the UK with a plan to stay for two years. However, Mel then secured a position as the national agriculture support manager at HSBC UK, working closely with senior leadership in the agriculture and central teams before returning to relationship management in Cheshire.
In 2021, Mel joined Oxbury Bank, where she is now a senior agriculture relationship manager in the North West of England. She is tasked with maintaining growth and managing customer relationships.
Mel Shipley,
Senior agricultural relationships manager
Oxbury Bank
Senior agricultural relationships manager
Oxbury Bank
Where this webinar sits with the Capability Framework
This webinar relates to the capabilities inside the Business area of the Capability Framework.