Farm debt rises

South Burnett Times - - NEWS -

QUEENS­LAND Farm­ers’ Fed­er­a­tion pres­i­dent Stu­art Ar­mitage said politi­cians must get the frame­work right sur­round­ing farm debt and ru­ral fi­nance op­tions. “Deal­ing with farm debt is­sues will again fea­ture in this year’s po­lit­i­cal cy­cle in Queens­land with ( a bill) set for de­bate,” Mr Ar­mitage said. “With Aus­tralian farm bank debt lev­els in­creas­ing from around $ 10 bil­lion to $ 60 bil­lion over the last 25 years, the re­la­tion­ship be­tween the banks and agri­cul­ture has never been more en­trenched. So we must get the reg­u­la­tory frame­work right but we should also ex­plore the al­ter­na­tive sources of cap­i­tal and new farm busi­ness struc­tures that will be re­quired to drive the sec­tor into fu­ture. Ide­ally we should have a na­tion­ally con­sis­tent ap­proach to farm debt me­di­a­tion, as farm busi­nesses ( op­er­ate) across state ju­ris­dic­tional lines.”

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