Help with Farm Debt
Rural Support Trusts are working with banks to offer support for farmers struggling with farm debt. The new Farm Business Advice Support Fund is up and running, with up to $6,000 available to help a farmer get financial or business planning advice to inform and support conversations with their bank. See here for more information about the Fund.
This initiative is separate to the Farm Debt Mediation Scheme which will become operational on 1 July 2020 and will also have its own hardship scheme to assist struggling farmers engage in that process.