Elders (ASX:ELD) is setting a goal of cash conversion greater than 90% of Underlying NPAT by the end of September 2023.

The firm believes this objective will be achieved.

For the financial year, the company’s underlying EBIT is now anticipated to range between A$165 million and A$175 million.

Elders has gone public with its outcome forecast owing to lower-than-anticipated rural products sales in the recent weeks, among other factors.

The current customer sentiment is leaning on the cautious side due to uncertain seasonal conditions in some farming regions.

Elders is an agricultural business, offering a variety of services from farming to wool marketing.