RURAL: Major debt crisis in rural Queensland*

Figures on rural debt in Queensland depict an industry facing major crisis unless governments are prepared to take major steps to assist a significant proportion of farmers facing potential bankruptcy.The figures were compiled by Hart Larwill chartered accountants in Brisbane, and are based on the Queensland Rural Agricultural Authority 1998 Rural Debt Survey.The figures below show that thousands of farmers have debts larger than their annual production figures. For example, in the area from Mar…

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