Rural debt rise shows the bush is hurting

Published:

Rural debt for Queensland farmers has surged by more than 10.7 per cent to $19.1 billion from 2017 levels, according to the latest 2019 Rural Debt Survey*.

The data showed that while the number of farmers had slightly decreased, the average debt per borrower in rural Queensland had shot to $1.05 million – up 11.3 per cent from 2017.

LNP Leader Deb Frecklington said it’s another stark reminder that our farmers are doing it tough and they need more help to produce the locally grown food and fibre Queensland needs.

“Queensland’s food supply chain supports around one in seven Queensland jobs, but it’s under threat unless the Palaszczuk Labor Government has an economic plan,” said Mr Frecklington.

“Now more than ever we should be backing our farmers to create a decade of secure jobs and boost exports.

“The LNP’s New Bradfield Scheme is a key economic driver that will stimulate our economy and drag us out of recession, while drought-proofing our state.

“My bold and ambitious plan will create tens of thousands of jobs and irrigate an area of land larger than Tasmania.

“The LNP has also released a long-term plan for cheaper water prices, supporting more than 5,000 SunWater irrigators with annual reductions of around 20% per year.

“The foundations of the LNP’s plan for a stronger economy and secure jobs are investing for growth, unleashing Queensland industry, supercharging the regions and securing our children’s future.”

LNP Shadow Minister for Agriculture Tony Perrett said that the rural debt survey was a useful and valuable tool for governments when making policies to support Queensland farmers.

“In 2017 during the last hung Parliament, the LNP was able to support farmers by moving amendments to establish the Farm Debt reconstruction office and the rural debt survey,” said Mr Perrett.

“The LNP has a strong track record in supporting farmers and ensuring important information about the health of this vitally important sector is reported and made public.

“Only the LNP has an economic plan to support our farmers through drought, build a stronger economy and get Queensland working again.”

* Queensland Rural Debt Survey 2019: https://www.parliament.qld.gov.au/Documents/TableOffice/TabledPapers/2020/5620T1227.pdf

** LNP delivers farm debt restructure office QCL article 22 March 2017: https://www.queenslandcountrylife.com.au/story/4547695/farm-debt-restructure-office-delivered/

 
Business Business & Economy Elections Money & Finance Political Primary Industries Queensland Government
Social:   

Deb Frecklington : Leader of the Liberal National Party (LNP) of Queensland :
PO Box 940, Spring Hill Qld 4004, Queensland Wide
07 3844 0666
Deb Frecklington : Leader of the Liberal National Party (LNP) of Queensland
Showing 10+ recent articles for this business
LNP to deliver manufacturing jobs boost 23 September 2020 | An LNP Government will create 140 manufacturing jobs and 300 construction jobs by backing a new factory in an area hit hard by unemployment. More information...
Labor fining motorists for using highway truck rest stops 20 September 2020 | Banning motorists from using rest stops is reckless and irresponsible by Labor More information...
Statement from LNP Leader Deb Frecklington on latest football COVID breach 18 September 2020 | “Annastacia Palaszczuk needs to send a strong message and demand the NRL and Melbourne Storm send home Christian Welch. More information...
ACT restrictions lifted 18 September 2020 | ‘I raised the issue of the travel restrictions on the ACT at my meeting with the Chief Health Officer this week. More information...
LNP funding lifeline for Queensland's surf life savers 18 September 2020 | The LNP has pledged $3 million for Surf Life Saving Queensland to ensure the volunteers in red and yellow can keep beachgoers safe this summer. More information...
LNP Leader Deb Frecklington in response to 200 Queenslanders being used as Gabba guinea pigs 21 September 2020 | If Queenslanders were ever in any doubt about the lengths Annastacia Palaszczuk is going to manipulate Coronavirus for political gain, this has put it to bed. More information...
LNP to lift Labor's veil of secrecy on Stradbroke 17 September 2020 | An LNP Government will establish a Parliamentary Inquiry into the Palaszczuk Labor Government's secret land deal on North Stradbroke Island that is tearing the community apart and threatening pristine environme... More information...
Everyday Queenslanders get AFL corporate scraps 17 September 2020 | LNP Leader Deb Frecklington said she’s bitterly disappointed for the diehard Queensland footy fans who’ll miss out on the Gabba Grand Final because all of the tickets will be snapped up by members, corporates... More information...
Taxpayers pay for Labor's pre-election polling 16 September 2020 | 'For the Palaszczuk Labor Government to use hundreds of thousands of taxpayers' dollars on polling is an absolute disgrace. More information...
COVID-safe plan for funerals an LNP priority 15 September 2020 | Developing a COVID-safe plan to enable people to visit dying loved ones and attend funerals will be a priority under a Deb Frecklington LNP Government. More information...


comments powered by Disqus

All articles submitted by third parties or written by My Sunshine Coast come under our Disclaimer / Terms of Service