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Waiting on Farm Finance Package loan approvals

Sally Bryant, Monday November 11, 2013 - 13:16 EDT
ABC image
Australian dollar notes, April 2013. - ABC

Farmers in NSW are still waiting to find out if they've been successful in their application for assistance in the first round of the Farm Finance package.

The package was announced by the previous Federal Government and has recently been given an extra injection of cash by the new Minister for Agriculture Barnaby Joyce, by redirecting unallocated 'Caring for Country' funds.

The Rural Assistance Authority is still processing the applications in NSW and the acting General Manager John Newcomb says they will finalise the process as quickly as they can, knowing farmers are anxious to know if they are eligible.

Mr Newcomb says applications have come in from right across the state, not from any one area in particular.

"From my point of view, these particular loans are for farmers that are having short term trouble servicing their debt and this can provide them with some relief, some breathing space so that they can consider the options available to them."


- ABC

© ABC 2013

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