October 28, 2025 • 7 mins
Sam Ruddenklau looks at a few things to remember regarding the farm cashflow after a weather event.
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Episode Transcript
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Speaker 1 (00:12):
Welcome back to the Master and Hakanui, Sam Rudd and
Claw of Mellot mcclaim plus more based here and good
joins us once again this afternoon. Sam hell sings, Yeah, good,
Thanks Andy.
Speaker 2 (00:24):
Yeah, I'm sort of feeling reasonably lucky, even though I'm
sitting at home at the moment without power. But it's
pretty pales in comparison to some guys out there. You know,
I feel feel for a lot of the people in
the in the region from the weather events of last
week here.
Speaker 1 (00:41):
So at the moment, while people try and comprehend what's
needed on the farm, insurance and the likes, this is
when it comes to the foe.
Speaker 2 (00:50):
Yeah, that's right. I mean people have got to what
I look after themselves, I think in the first instance,
and yeah, think about think about them was in their
families and their communities and just do what needs to
be done. But there's no rush either, and you know
that certainly comes to like some insurance claims and that
(01:10):
sort of thing, Like there's been already from what we've heard,
a massive number of lodge lodge claims, and I'm sure
there's heaps yet to come, so claim processing and response
times will be pretty extended, but you know, you've got time,
you don't have to you don't have to get in
and get a claim in now. And sometimes you know,
with the passage of time, you'll find other things that
(01:33):
that you can claim on or need need repaired. So yeah,
maybe just taking a breather on some of that sort
of stuff. It's always good.
Speaker 1 (01:43):
So it's not a matter of having to rush your
claims in. Just be measured and calculated as to how
the situation's unfollowed first.
Speaker 2 (01:51):
Yeah, I think so, like, yeah, certainly the stuff there,
you'll you'll know straight away that you can get a
claim in. But I was like, I was talking to
the morning he's a dairy farmer, and he was saying,
you know, he hasn't even real thought about an insurance
claim at this point in time. He's just trying to
get his head around what the actual impact is. From
a milk perspective, you can see that immediate loss of
(02:13):
milk can come there, but you know what's ongoing impact
of that and getting around the farm and checking everything out.
Speaker 1 (02:20):
And.
Speaker 2 (02:22):
It'll take some time, but I think you're right at
the very moment probably the most important things to be doing.
It's just gathering that information for a claim. You know,
make sure you're taking plenty of photos of damage to
support your claim, before and after type stuff. And also
his invoices come in for cost relating to a claim,
make surely you've got them really available, so he help
speed up that process.
Speaker 1 (02:43):
Another thing that comes into the equation SAM is business
continuity or cash flow planning. It's kind of in limbo
for sheep farmers at the moment. You may have had
a few drives gone to the yards, you might have
a bit of hog it wall lying around, but apart
from that there isn't too much there. But on the
dairying perspective as well, you flat out milking the cows.
You're just trying to plan for the next three or
four weeks as to what's going to happen with cash flow.
Speaker 2 (03:06):
Yeah, so, I mean for a lot of people or
most people, unfortunately, cost of refencing, tree clearing and its
something is unlucky to recovered by insurance, and we've heard
stories of that running into hundreds of thousands of dollars
for some people. So they're just in the short terms
of cash kefel cash flow planning will be needed and
(03:29):
banking support maybe to extend overdrafts if they're in that
sort of position. Yeah, so we're here to help or
here account it will be here to help help with that. Thankfully,
commodity process are strong, which is a small sort of
lining in this, but I'm sure people weren't really planning
on spending that strong return on repeasent maintenance and clearing
(03:53):
trees and that sort of thing. So yeah, just I
guess making sure that that you're just talking to your
band particularly, and yeah, where we can help, we'll help
out there we can.
Speaker 1 (04:05):
And the big thing is, don't feel pressure of doing
everything today. There are ways tomorrow, right, one hundred.
Speaker 2 (04:11):
Percent, I think. Yeah, so I said, need to start.
You know, people lially need to take care of themselves
in the first instance. You know, it's a pretty tough
time out there and really heartbreaking to sea. And I
drove down to mccago on Friday, had meetings down there,
and man, there's some yeah, there's certainly some widespread destruction
and it's going to take a long time to fix up.
(04:31):
So yeah, I don't think that you need to do
it all this week. There's plenty of time. But however,
I guess there is some time pressure there from a
tax perspective, if we can get if we can get
some of that repairs and maintenance into this income year
before balancedat then you know there could be some good
(04:51):
tax benefits of doing that.
Speaker 1 (04:53):
Now the investment boost scheme can work in your favor
as well.
Speaker 2 (04:58):
Yeah, one hundred percent. So right at the moment moment,
people will be probably thinking about purchasing a generator or
looking at things such as solar panels and battery back
up solutions and that sort of stuff. You know, it's
always in the case or after a disaster like this
that you realize that maybe some of those things have
(05:19):
required and you just remember that is that immediate write
down from an investment boost perspective available, but only for
new assets. So if you're going to purchase a secondand
generator or something like that, you're not going to get
it for that, but anything new you will see.
Speaker 1 (05:36):
What's some man revenues take on the situation at the moment.
What do they even need to remember here?
Speaker 2 (05:41):
So they come out on Friday and said, there's no
need to get in touch with them straight away, focus
on right now on recovery and looking after yourself, your
family and your community. And they'll provide support when when
you're ready to get in touch. But I guess the
main thing is there was GST and provisional text due
yesterday for what provisional text was for make Dalance states.
(06:06):
So I mean if you haven't or if you've overlooked
those which is understandable at the moment, just to maybe
just either get in touch with your accountant and they
can talk to the ID or talk to the ID
direct and to say, look, you know, things of things
of pretty pretty tough at the moment, so yeah, and
(06:26):
they want to support that. So yeah, just get in
touch with them really is the main thing.
Speaker 1 (06:30):
So the big thing to remember is they are understanding
of a situation regarding Leway yea one hundred percent.
Speaker 2 (06:37):
Yeah, but I think that they are understanding of it.
But if you haven't paid text yesterday and you and
you get in touch with them in February March and
say I didn't pay text back then, then they may
take a different view on that. But you know, if
you're as a geniorine thing you didn't have internet or
didn't have power or both of those things, then yeah,
get in touch with it when.
Speaker 1 (06:57):
You can stay in the team at me like Clane
plus more. How do people get in touch?
Speaker 2 (07:03):
So yeah, you can either ring us in the cargo
which was O three two one four four one sixty
six or is three to eight five oh seven seven
or hello at m mc A dot co dot.
Speaker 1 (07:15):
MZ good only say I'm always appreciate your time. All
the best, right you slip Sam Running Claw from Well
mcclaim plus more. This is the muster before we wrap up,
Matt McCrae.
Speaker 2 (07:28):
Mother
Welcome back to the Master and Hakanui, Sam Rudd and
Claw of Mellot mcclaim plus more based here and good
joins us once again this afternoon. Sam hell sings, Yeah, good,
Thanks Andy.
Speaker 2 (00:24):
Yeah, I'm sort of feeling reasonably lucky, even though I'm
sitting at home at the moment without power. But it's
pretty pales in comparison to some guys out there. You know,
I feel feel for a lot of the people in
the in the region from the weather events of last
week here.
Speaker 1 (00:41):
So at the moment, while people try and comprehend what's
needed on the farm, insurance and the likes, this is
when it comes to the foe.
Speaker 2 (00:50):
Yeah, that's right. I mean people have got to what
I look after themselves, I think in the first instance,
and yeah, think about think about them was in their
families and their communities and just do what needs to
be done. But there's no rush either, and you know
that certainly comes to like some insurance claims and that
(01:10):
sort of thing, Like there's been already from what we've heard,
a massive number of lodge lodge claims, and I'm sure
there's heaps yet to come, so claim processing and response
times will be pretty extended, but you know, you've got time,
you don't have to you don't have to get in
and get a claim in now. And sometimes you know,
with the passage of time, you'll find other things that
(01:33):
that you can claim on or need need repaired. So yeah,
maybe just taking a breather on some of that sort
of stuff. It's always good.
Speaker 1 (01:43):
So it's not a matter of having to rush your
claims in. Just be measured and calculated as to how
the situation's unfollowed first.
Speaker 2 (01:51):
Yeah, I think so, like, yeah, certainly the stuff there,
you'll you'll know straight away that you can get a
claim in. But I was like, I was talking to
the morning he's a dairy farmer, and he was saying,
you know, he hasn't even real thought about an insurance
claim at this point in time. He's just trying to
get his head around what the actual impact is. From
a milk perspective, you can see that immediate loss of
(02:13):
milk can come there, but you know what's ongoing impact
of that and getting around the farm and checking everything out.
Speaker 1 (02:20):
And.
Speaker 2 (02:22):
It'll take some time, but I think you're right at
the very moment probably the most important things to be doing.
It's just gathering that information for a claim. You know,
make sure you're taking plenty of photos of damage to
support your claim, before and after type stuff. And also
his invoices come in for cost relating to a claim,
make surely you've got them really available, so he help
speed up that process.
Speaker 1 (02:43):
Another thing that comes into the equation SAM is business
continuity or cash flow planning. It's kind of in limbo
for sheep farmers at the moment. You may have had
a few drives gone to the yards, you might have
a bit of hog it wall lying around, but apart
from that there isn't too much there. But on the
dairying perspective as well, you flat out milking the cows.
You're just trying to plan for the next three or
four weeks as to what's going to happen with cash flow.
Speaker 2 (03:06):
Yeah, so, I mean for a lot of people or
most people, unfortunately, cost of refencing, tree clearing and its
something is unlucky to recovered by insurance, and we've heard
stories of that running into hundreds of thousands of dollars
for some people. So they're just in the short terms
of cash kefel cash flow planning will be needed and
(03:29):
banking support maybe to extend overdrafts if they're in that
sort of position. Yeah, so we're here to help or
here account it will be here to help help with that. Thankfully,
commodity process are strong, which is a small sort of
lining in this, but I'm sure people weren't really planning
on spending that strong return on repeasent maintenance and clearing
(03:53):
trees and that sort of thing. So yeah, just I
guess making sure that that you're just talking to your
band particularly, and yeah, where we can help, we'll help
out there we can.
Speaker 1 (04:05):
And the big thing is, don't feel pressure of doing
everything today. There are ways tomorrow, right, one hundred.
Speaker 2 (04:11):
Percent, I think. Yeah, so I said, need to start.
You know, people lially need to take care of themselves
in the first instance. You know, it's a pretty tough
time out there and really heartbreaking to sea. And I
drove down to mccago on Friday, had meetings down there,
and man, there's some yeah, there's certainly some widespread destruction
and it's going to take a long time to fix up.
(04:31):
So yeah, I don't think that you need to do
it all this week. There's plenty of time. But however,
I guess there is some time pressure there from a
tax perspective, if we can get if we can get
some of that repairs and maintenance into this income year
before balancedat then you know there could be some good
(04:51):
tax benefits of doing that.
Speaker 1 (04:53):
Now the investment boost scheme can work in your favor
as well.
Speaker 2 (04:58):
Yeah, one hundred percent. So right at the moment moment,
people will be probably thinking about purchasing a generator or
looking at things such as solar panels and battery back
up solutions and that sort of stuff. You know, it's
always in the case or after a disaster like this
that you realize that maybe some of those things have
(05:19):
required and you just remember that is that immediate write
down from an investment boost perspective available, but only for
new assets. So if you're going to purchase a secondand
generator or something like that, you're not going to get
it for that, but anything new you will see.
Speaker 1 (05:36):
What's some man revenues take on the situation at the moment.
What do they even need to remember here?
Speaker 2 (05:41):
So they come out on Friday and said, there's no
need to get in touch with them straight away, focus
on right now on recovery and looking after yourself, your
family and your community. And they'll provide support when when
you're ready to get in touch. But I guess the
main thing is there was GST and provisional text due
yesterday for what provisional text was for make Dalance states.
(06:06):
So I mean if you haven't or if you've overlooked
those which is understandable at the moment, just to maybe
just either get in touch with your accountant and they
can talk to the ID or talk to the ID
direct and to say, look, you know, things of things
of pretty pretty tough at the moment, so yeah, and
(06:26):
they want to support that. So yeah, just get in
touch with them really is the main thing.
Speaker 1 (06:30):
So the big thing to remember is they are understanding
of a situation regarding Leway yea one hundred percent.
Speaker 2 (06:37):
Yeah, but I think that they are understanding of it.
But if you haven't paid text yesterday and you and
you get in touch with them in February March and
say I didn't pay text back then, then they may
take a different view on that. But you know, if
you're as a geniorine thing you didn't have internet or
didn't have power or both of those things, then yeah,
get in touch with it when.
Speaker 1 (06:57):
You can stay in the team at me like Clane
plus more. How do people get in touch?
Speaker 2 (07:03):
So yeah, you can either ring us in the cargo
which was O three two one four four one sixty
six or is three to eight five oh seven seven
or hello at m mc A dot co dot.
Speaker 1 (07:15):
MZ good only say I'm always appreciate your time. All
the best, right you slip Sam Running Claw from Well
mcclaim plus more. This is the muster before we wrap up,
Matt McCrae.
Speaker 2 (07:28):
Mother
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