Oysters meet the market with new finance plan

NSW oyster farmers are anticipating greater investment into their industry with the release next week of a financial strategy, supported by the Farming Together program.

The strategy has been endorsed by Ocean Watch and the NSW Farmers Oyster Committee, and will be launched at the committee’s AGM at Sydney on Monday.

The strategy is made up of five documents including industry factsheets, templates and FAQ’s.

It helps address an industry priority ─ to improve the sector’s ability to secure bank and other sources of finance.

Kel Henry from Wonboyn Rock Oysters, and a member of the Oyster Strategy Implementation Group, said: “This priority stems from the finance sectors’ lack of awareness and understanding about the oyster industry and its potential for growth.”

He approached the Australian Government’s Farming Together Program and the group was assigned a consultant, Mel Trethowan, to develop the finance support pack.

“It was great to work with Mel on the project,” he said.  “I would recommend the Farming Together Program as a very valuable initiative and in my opinion the outcome for our industry was really outstanding.”

He said the materials in the pack will help to educate the finance industry about the oyster industry and its investment potential.  “It will also increase the ability of farmers to access appropriate and timely finance to upgrade, innovate and grow their businesses,” he added.

The package is online here https://mailchi.mp/bda71253c0c6/ktql2470dx-1539181?e=[UNIQID]

Farming Together program director Lorraine Gordon said: “This is an enabling project strongly supported by the producers and their wider industry. We hope it will encourage new interest and offer new paths to capital from banks and investors.”

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