Early decisions build resilience

Catherine Miller
Updated October 26 2015 - 12:52pm, first published October 7 2015 - 5:00am
Rural Directions senior consultant John Squires said equity greater than 70pc was a key attribute of resilient businesses, giving them greater flexibility to periodically take on more debt in unfavourable seasons but repay it quickly.
Rural Directions senior consultant John Squires said equity greater than 70pc was a key attribute of resilient businesses, giving them greater flexibility to periodically take on more debt in unfavourable seasons but repay it quickly.

MOST farmers are averse to paying tax but Rural Directions senior consultant John Squires said farming businesses should not be afraid to aim to pay a small amount each year to build business resilience.

Catherine Miller

Stock Journal's livestock editor and South East correspondent.

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