Farmers across the north in need of financial counselling support are set to benefit with an additional $140,000 in funding for the Northern Queensland Rural Financial Counselling Service.
Northern based Government Senator Ian Macdonald said the funding injection is part of a more than $1.6million boost across seven Rural Financial Counselling Service (RFCS) providers nationwide, to support farmers in hardship.
“The support and guidance provided by the North Queensland RFCS is such a valued service for primary producers across the north, particularly in recent times as they continue to work through financial challenges on the path to financial self-sufficiency,” Senator Macdonald said.
Senator Macdonald said the RFCS, which provides farmers with free access to financial professionals, will help ensure those in financial difficulty can make business decisions and plan to improve their circumstances.
The service will also help support farmers who leave the Farm Household Allowance (FHA) program.
The Farm Household Allowance is a successful program that has helped more than 7,000 farmers across the country since July 2014.
Senator Macdonald said the RFCS can provide valuable assistance for those who leave FHA and want to continue to improve their circumstances.
“I am pleased to be part of a Federal Government that recognises that tough times can put severe pressure on our primary producers who are trying to manage both farm and household budgets,” Senator Macdonald said.
“It’s critical the Government gets its assistance measures right so that we’re delivering targeted support where it’s needed most.”
More than $1billion in rural assistance has been made available since September 2013.
For more information on the RFCS visit agriculture.gov.au/rfcs or call 1800 686 175.
For more information on government farmer assistance measures, visit http://www.agriculture.gov.au/ag-farm-food/drought/assistance.