Articles on rural finance

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Prime Minister Tony Abbott met Rural Financial Counselling Service officers In February, but the Commission of Audit has recommended the service be abolished. Andrew Meares/AAP

Should drought support measures survive the budget axe?

Last week’s Commission of Audit advocated a “commonsense approach to handling risks in society,” targeting drought assistance for its role in “discouraging drought preparedness and self-reliance”. The…
Farm debt is increasing in Australia, but will writing it off make more farms viable? Grenville Turner/AAP

Farmers are in debt, and more debt won’t help

Farm debt in Australia has increased by almost 75% over the past decade, from A$40.3 billion in 2004 to an estimated A$70 billion in 2014. Barnaby Joyce, the Federal Minister for Agriculture, has argued…