Farmers are feeling excessive and undue pressure from their banks, according to Federated Farmers’ latest Banking Survey. Conducted in mid-November, the survey also shows farmer satisfaction with their bank is at record lows. Of the farmers .
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Farm debt mediation scheme for Tasmania is long overdue says banking victim
ThuThursday 21
updated
ThuThursday 21
Former farmer and banking victim Dimity Hirst welcomes a Tasmanian Farm Debt Mediation scheme
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Tasmanian farmers in financial strife will have access to an independent mediator during debt discussions with their creditors.
Key points:
Any agreement reached through mediation will be binding
A victim of banking malpractice encourages mental health support during mediation
Under this proposal, farmers can initiate the mediation process, whether they are in financial default or not.
Under the scheme, mediation costs would be shared equally between the farmer and creditor.