NSW Farmers is partnering with the National Australia Bank (NAB) to help bolster the financial know-how of members through a series of seven regional financial skills workshops that will be rolled out across the state in the next 12 months.

NSW Farmers Chief Executive Officer Pete Arkle said the partnership will help members stay informed on critical financial subjects by giving them the opportunity to hear from some of Australia’s leading financial experts.

“Farmers and other agricultural specialists in NSW must have solid financial skills if our sector is to reach its goal of becoming a $30 billion industry by 2030.

“Farmers in NSW are overwhelmingly small business owners and good financial planning is key to their ongoing success so that they can prepare and survive the tough years and invest well in the good years.

“It’s pleasing to see NAB investing in our members and showing a genuine interest in the financial success of their farming businesses.”

NSW Farmers Chief Executive Officer Pete Arkle

NAB’s Business Bank Executive, NSW Regional and Agribusiness, Khan Horne said partnering with an organisation that has been the voice of NSW farmers for more than 100 years is a fitting match.

“As the largest lender to agribusiness, NAB understands the agricultural industry is a fundamental part of the New South Wales economy and we are excited by this partnership with NSW Farmers.

“If we look at the strength of agriculture at the moment, NSW farmers have proven to be exceptionally resilient through two years of challenging conditions and are now poised to capitalise on improved conditions. 

“While strong fundamentals have certainly supported the sector, it’s the long-term planning and strategic business management displayed by many farmers that has set them up well to now capitalise on improved conditions.

“We look forward to providing insights and building capability with NSW Farmers to help grow the agriculture industry in this state.” 

NAB’s Business Bank Executive, NSW Regional and Agribusiness, Khan Horne

The first of the seven regional financial skills workshops are now being developed by NSW Farmers and the NAB and will be rolled out across the state over the next 12 months.

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