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Flexibility with cashflow is something most farmers would traditionally only have dreamed of, but a revolution is taking place across the agricultural landscape.
Through buy now, pay later services like DelayPay, farmers are now able to unlock their cashflow potential and buy what they need, when they need it.
A gamechanger for new and old agricultural enterprises alike, DelayPay has been helping farmers make important purchases at the right time for more than four years, earning them a strong return customer base.
One such satisfied customer is Ben Schiller, who operates a sheep feedlot at Ngapala in South Australia.
Armed with a solid business plan, the experience of growing up on his family’s sheep property and enough passion to run his own farming operation, Mr Schiller approached the traditional lenders in 2017 with the hopes they would help him get started.
Determined to do it without help from his family, Mr Schiller was unable to overcome the banks’ requirement of a guarantor, so he changed direction and enlisted the help of DelayPay.
Initially, he used the buy now, pay later company to purchase lambs on an eight-week turnaround, then to buy the hay and grain to feed them.
He acknowledges trading sheep is hard, but credits DelayPay as one of the reasons he has a successful business.
Today, the 31-year-old lambs down around 1,100 ewes a year and has plans to extend his sheep feedlot from 7,000 to 10,000-head capacity – all of which has been done without a bank overdraft.
“Now that I’ve got a successful operation, the banks want to do business with me, but where were they at the start when I needed them most? I’m sticking with DelayPay as they took a chance on me and I respect that,” Mr Schiller said.
“They’re quick and easy, and it just works for me and the way I run my operation.”
Mr Schiller has used DelayPay several times over the years to maximise his cashflow and finds it the perfect solution to growing his business without having to jump over the long, drawn-out hurdles of other lenders.
“DelayPay helped me with the purchase of the Tepari HD4 Sheep Handler; single-handedly one of the best assets for my business I’ve ever bought,” he said.
“It makes boring jobs like weighing, drafting, vaccinating/drenching and crutching not only easy, but also enjoyable.”
The art of doing things differently
With interest rates and input costs rising, DelayPay have decided to kick off the year by putting cash back into farmers’ pockets.
DelayPay chief executive officer Kelsey Miller said any purchases made using the service up until March 17, 2023, would receive 2 per cent cashback.
“So, if you’re looking to buy cattle or machinery from AuctionsPlus, fertiliser from your local ag supplier or ag equipment online sometime in the next couple of weeks, just use DelayPay,” Mr Miller said.
“Not only will you get up to six months extra to pay, but you’ll also get 2 per cent cashback on your purchase.
"We know that juggling cashflow can be tricky, so DelayPay offers these extended terms to enable you to buy the agricultural goods you need, including livestock, machinery, crop inputs and more from great suppliers and platforms like AuctionsPlus.”
DelayPay offer a buy now, pay later service for agricultural purchases with quick turnaround times (24 hours), no paperwork, six months to pay and convenient, over-the-phone applications.
Conditions apply, but if you're thinking of making any ag purchase soon and want to know more, give DelayPay a call – Mieke: 0455 888 392 or Kelsey: 0409 117 730 - or request a callback.
This article is sponsored content from DelayPay.
