Mark Bennett, head of agribusiness at ANZ, says the Australian farm debt equation is constantly evolving.
AUSTRALIAN family farm debt is skewed heavily towards expanding farm businesses, with the majority of new debt growth going to businesses with loans in excess of $2 million said ANZs manager of agribusiness Mark Bennett.
At the other end of the ledger, he said there were a number of high equity, small scale businesses that were weighing up what their next move in the industry would be.
The dynamic around land values and wealth in farming is very interesting now, Mr Bennett said at this weeks Victorian Farmers Federation (VFF) grains conference in Horsham.
There has been a well-documented push for expansion among croppers and you now hav…
Read the full article at: http://www.northqueenslandregister.com.au/story/4500652/getting-the-right-debt-structure/?cs=4751
