Agriculture
21 January, 2026
New options in farmer finance
FARMERS are increasingly taking up a new option in rural finance with Victorian start-up DelayPay putting more than $120 million through its books.
Established by Victorian farmers Dwain Duxson and Kelsey Miller in 2018, DelayPay was one of the first buy now, pay later firms to target the agriculture sector, providing capital of up to $500,000 – for stock, machinery and feed which must be repaid within six months.
DelayPay’s chief financial officer Anton Phillips-Chantelois said: “We are growing and farmers are seeing that they are being serviced and lending applications processed quickly.
“DelayPay has become a real option for farmers across Victoria and the client base now stretches from the Adelaide Hill up into the Riverina,” he said, “in fact, we’ve worked to provide finance to more than 5000 farmers.”
Mr Phillips-Chantelois almost half of the company’s lending was for farm inputs including feed, chemicals and fencing.
“Compared with five years ago when livestock financing was a big part of our book, today’s it represents around 20 per cent,” he said.
“Finance for equipment and machinery also makes up a similar percentages and water purchases about 10 per cent.”
Mr Phillips-Chantelois said the DelayPay model gave was giving farmers across the region finance flexibility.
“Timing is critical in farming and farmers often need to have made a decision yesterday. It’s no point them waiting weeks for finance approval and being locked into three-year fixed terms. DelayPay provides finance between $100,000 and $500,000 that can be paid down much quicker and without penalty,” he said
Mr Phillips-Chantelois said DelayPay was helping small agricultural business and Australian farmers access short term working-capital for purchase of crop inputs, livestock, stockfeed, machinery and anything else agricultural.
“Within 24 hours DelayPay can issue a credit limit of up to $500,000 and provide payment extensions of up to 180 days,” he said.
“Cashflow management has never been easier, with DelayPay you can Buy Now, Pay Later for any agricultural and physical good used in primary production.
“DelayPay makes it easy for farmers to purchase the goods they need when they need them.”
The company was formed by fifth-generation sheep and cropping family farmer Dwain Duxson and Kelsey Miller and is talking with dairy farmers from the Loddon and adjoining region’s at International Dairy Week in Tatura.
“DelayPay gives farmers the freedom to plan and takes out delays in buying what they need to continue production on profitable properties,” Mr Phillips-Chantelois said.