Livestock Finance

In conjunction with StockCo, McCulloch Agencies can offer our clients an all-in-one agency, marketing, and finance package to fund 100% of sheep and cattle purchases for short-term trades.

StockCo will be providing you 100% livestock finance via McCulloch Agencies. Provided you sell the livestock through McCulloch Agencies, you do not need to pay a finance rate on the livestock. Instead the finance costs are paid from the marketing fee. StockCo will provide this facility to you on its standard terms and conditions, and subject to its usual credit criteria.

How do I sign up?
To qualify for finance a formal credit application and review will need to be completed and approved by StockCo.

The process is as follows:

Once purchased, StockCo takes ownership of the livestock and bails them to you.

When you sell the livestock, McCulloch Agencies will issue you with an Account Sale displaying the applicable marketing commission, fees and levies deducted from the sale proceeds. On the date of payment, the balance of the sale proceeds will then be sent to StockCo, who will deduct the purchase price and send the remaining sale proceeds to you.

What happens if there are deaths or losses?
You will be responsible for all deaths or missing livestock. Deaths are to be repaid by paying the purchase price of the animal plus a rate of 1.15% per month of the purchase price, capitalised monthly. You can fund this through the sale of other livestock not funded by StockCo, or by deducting this sum from the trade proceeds. The most efficient way to manage deaths is to repay them as quickly as possible

In conjunction with StockCo, McCulloch Agencies can offer our clients an all-in-one agency, marketing, and finance package to fund 100% of sheep and cattle purchase for short term trades. The terms and conditions of this funding package are stepped out below.

The marketing fee is calculated as follows:

Trade Term Marketing Fee
Between 0 and 120 days 5.0% + GST
Between 121 and 150 days 5.5% + GST
Between 151 and 180 days 6.0% + GST
Between 181 and 210 days 6.5% + GST

If the trade term exceeds 210 days then an additional 0.50% + GST marketing fee will be charged on the sale price for every additional 30 days
(refer example a)

More information
If you would like to find out more information or book an appointment please contact anyone of the McCulloch Agencies livestock team to find out more.

Daniel McCulloch 0429 613 332
Mitchell Swain 0429 446 952
Karina McCulloch 0447 277 665
Emma Redden 0427 697 666
Ciaran O'Gorman 0402 322 732










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