Frequently Asked Questions.

How much does it cost?

We will make you a proposal with pricing following the 1st stage of due diligence.

Is there a minimum lease tally?

No. But we look for a minimum purchase value of $75,000.

Who selects the stock?

You, or your delegated agent.

Do we need to use specific livestock agents?

In terms of sourcing, we will deal with any reputable livestock agency, but we reserve the right to nominate a purchasing agent to act on our behalf to ensure the stock we purchase are the stock delivered. This might mean these agents share a commission.

Can we do a private deal (e.g. from Trade Me)?

Yes. There may be some additional expense with this route, e.g., independent valuation, independent verification of stock delivery.

Are there early repayment fees?

No. When we agree pricing on a specific line, we will agree the purchase price schedule for term of the agreement.

Are there minimum or maximum numbers that must be settled each year?

You have the right to settle the purchase of up to 35%, and we have the right to demand settlement of up to 20%, of the original tally in each year. There are further terms around these rights that will be explained when you make an enquiry.

Do we need to be Fonterra suppliers?

No. You can supply whichever processor works for you.

Do you receive the processor payments and then pass them through?

No. You receive all milk payments directly. We will invoice you for the lease payments separately.

Do you require herd testing?

Yes. We are looking for at least three herd tests each season.

Do the lease stock need to be fully recorded?

No. But they must be properly identified and tracked on MINDA.

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