Livestock has been in the family’s blood since Peter’s grandfather, Hans Knudsen, first set up camp on the creek bed 20 kilometres from where ‘Coondarra’ now is, built the original homestead and started raising cattle over 75 years ago.
Knowing that their legacy will depend on being able to survive the tough times that come with variable seasons, Peter and Shari said that having BOQ’s backing during the drought has been vital.
“In the middle of a drought, you don’t have the normal income and cash flow. And on top of no money coming in, it’s going out faster than you like. With BOQ’s support we didn’t have the additional worry of the bank not being behind you. Instead, Ian understood the pressures we were under and said, ‘do whatever you need to do, and we’ll back you’”, said Peter.
With over 30 years’ experience working with agribusinesses across Queensland, Ian’s in-depth understanding of the industry has given Peter and Shari a level of trust that they haven’t had in dealing with other banks.
“You need to find someone who knits with you, understands your business, believes in what you are doing and is prepared to work with you and back you – in good times and bad. Unlike other bank managers we’ve dealt with, Ian offers his opinion but leaves us to make the decision because we’re the ones running the business,” Peter said.