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 ANZ’s manager of agribusiness Mark Bennett.
At the other end of the ledger, he said there were some 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,” Mr Bennett said at this week’s Victorian Farmers Federation (VFF) grains conference in Horsham.
“There has been a well-documented push for expansion among croppers and you have 20 per cent of farmers owning most of the debt.”
Mr Bennett said non-farm investors co…
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