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Struggling farmers welcome early payments

Friday May 17, 2013 - 13:42 EST
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The PGA says the payments will be used to pay interest on loans. - ABC

The Pastoralists and Graziers Association (PGA) of WA has welcomed a move to fast-track support payments for struggling farmers.

Yesterday the State Government announced some farmers who are eligible for a $25,000 payment will receive the money next week, rather than in July when applications close.

Only 77 farm businesses have applied for funding so far.

The PGA president Rob Gillam says he expects most farmers will use the grants to pay down interest on loans made under the Federal Government's $60 million assistance package.

"The $60 million actually includes the loan amounts, whereas the state one is actually a grant of 25,000, that's part of the package and that grant of 25,000 will go a long way towards subsidising a fairly substantial amount of interest for people," he said.

"These grants are only going to be eligible to people who there is light at the end of the tunnel for. You know, they're not providing finance here for people who have got no hope of continuing on so it's for those who can plant a crop at this stage but are still in a parlous position."


- ABC

© ABC 2013

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