PRIMED: NAB's Khan Horne predicts cattle prices to finish 45pc higher in 2015-16.
NAB Agribusiness general manager Khan Horne says many beef producers have deposit-only accounts with the bank and high 80 and even 90 per cent equity.
Subscribe now for unlimited access to all our agricultural news
across the nation
or signup to continue reading
All articles from our website & app
The digital version of This Week's Paper
Breaking news alerts direct to your inbox
All articles from the other in your area
“It’s a wonderful story for the Australian producer in that they are finally getting value for prime cattle,” he said.
“If they sold down during drought, re-entering the market will be expensive but there is no question the funds are there to restock.
“It never ceases to amaze me the number of cattle people are sitting on.”
