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Legislation Introduced to Help SA Farmers in Debt

farming.jpgNew legislation is being introduced that will require mandatory farm debt mediation that will support farmers across the state.
The Farm Debt Mediation Bill will be introduced into State Parliament this week and aims to improve protection and financial security for farmers.
The bill will see a change of the current rules which allows a South Australian farming operation to be forcibly foreclosed on without any form of negotiation.
The process is currently being successfully operated in New South Wales, Victoria and Queensland.
It will ensure SA farmers are given every opportunity to resolve financial problems and present their case to an independent mediator.
The states agricultural sector is vital to maintain the food and wine sector that generates over $20 billion in revenue every year.