The Federal Government, Bob Katter and the Members of the Rural Debt Roundtable Working Group and its Chairman Rowell Walton should all be congratulated for the Farm Finance package that was announced over the last weekend in response to the current Rural Debt Crisis.
Under the package, farmers across Australia are set to be provided with $420m in loans to assist them to restructure their debts. Farmers will be able to receive concessional loans of up to $650k each.
The announcement comes 6 months after Bob Katter, Wayne Swan and Joe Ludwig conveened the Rural Debt Roundtable Meeting in Brisbane last year which culminated in Rural Debt Crisis Summits held in Merredin, WA and Colac, VIC.
Further Rural Industry Crises Meetings are foreshadowed with the next Rural Crisis Meeting being held at Richmond in Northern Queensland on 7 May 2013.
Read more on the Farm Finance package here.