FMDs down $1.2b as drought bites, but many farms add to savings

Andrew Marshall
Updated May 15 2019 - 8:58am, first published May 13 2019 - 7:30am
Drought withdrawals cut $1.2b from FMD funds
Drought withdrawals cut $1.2b from FMD funds

Bankers are tipping a drought-driven surge of withdrawals from farm management deposits in July as farmers hold off until the new tax year to raid their emergency savings.

Andrew Marshall

Andrew Marshall

National agribusiness writer

Andrew Marshall is the group agribusiness writer for ACM's state agricultural weeklies and websites. He is a former editor at The Land and has worked in various Rural Press group roles in Canberra, North Richmond (NSW) and Toowoomba (Qld).

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