January 23, 2018
The State Government has set up an office to help Queensland farmers access free financial analysis and advice.
Premier Annastacia Palaszczuk said the Farm Debt Restructure Office would provide eligible primary producers with a no-fee, no-obligation assessment of their business and financial position.
This would help them make informed decisions about the future of their farms.
“The Office will be overseen by the Queensland Rural and Industry Development Authority (QRIDA) and it will work with the Authority’s network of nine offices,” she said.
QRIDA was formerly known as the Queensland Rural Adjustment Authority (QRAA).
Agricultural Industry Development Minister Mark Furner said the assistance would not replace a producer’s existing financial advisers, but would complement them by offering a second opinion.
“Farm Business Analysis Assistance offers eligible farmers with detailed, expert options from an approved rural finance professionals at a level that the producer may not be able to afford at their time of distress,” Mr Furner said.
“The report, which follows an on-farm visit, will give realistic options and ideas on how to repair, reduce or rationalise farming activities within the available resources, for the best possible outcome for the farmer and their family.”
- More information is available on the QRIDA website or freecall 1800-623-946 and ask to speak to the Farm Debt Restructure Office.
