Friday 13 July 2012
A look at farm debt
The Queensland Farmers Federation says conditions in the rural sector are improving, despite a survey showing an increase in debt.
The Rural Debt Survey found the average borrower owes more than a million dollars, up 19 per cent since 2009.
But QFF chief executive Dan Galligan says confidence in debt repayment has also risen.
"The majority is certainly serviceable," he said.
"(If) we look at the other end of the spectrum, the numbers of individual farmers that have found themselves in financial difficulty is measured as well, and that number has gone up and that's a concern.
"It's not huge, but it's certainly a distressing situation for them."
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