Prompts to assess your financial situation in drought
Questions to ask
- What are my stock worth on the market, and what are the market prospects?
- Are there other trading opportunities—for example, sell cows, buy yearlings or sheep?
- In terms of dollars per head per month, what is it costing to feed my stock?
- What can I afford to spend on maintaining stock?
- What are the taxation considerations?
For more information on assessing your financial situation, see Financial considerations in drought.