you're reading...

Australian News

Debt Mediation on the Rise in the Farming Sector as Banks Tighten Lending

 There has been an increase in Queensland farmers going into debt mediation as banks continue to tighten their belts. The persistence of the Global Financial Crisis since 2008 has seen many farmers to refinance as lending conditions narrow. David Arnold, spokesperson of Rural Financial Counseling Service, says as a result their workload has tripled in the past year and has been such since 2008. Creditors tightening up plus decreasing land values and reduced equity are all factors which have come into play over the last three or four years. Read More

Follow Us

FacebookTwitterOur YouTube Channel

  • The Boston Symphony Orchestra and its principal flutist, Elizabeth Rowe, had entered and hopes to resolv… ,
  • After months of with an Annapolis citizens group, the Lofts at Eastport Landing project is moving forwar… ,
  • Mediation is an important tool for resolving workplace disputes and keeping teams working in harmony. ,
  • The University of Wisconsin System will not have to pay several million dollars in UW-Oshkosh Foundation debt while… ,
  • Aviation unions have slammed Air New Zealand for releasing "misleading information" about planned strike action by… ,
  • A federal civil suit pitting former Service Credit Union CEO Gordon Simmons against a local credit union is heading… ,