Farmers urged to prepare now as interest rates begin to rise

Marian Macdonald
By Marian Macdonald
Updated July 4 2022 - 1:31pm, first published February 22 2022 - 7:00pm
LONG MEMORY: Rural Financial Counselling Services Southern Queensland chief executive Ross Leggett is urging farmers to remember when interest rates were higher.

With new farmland price records set every week, some advisors are concerned that farmers are being tempted to take on dangerous levels of debt, just as interest rates seem set to rise.

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Marian Macdonald

Marian Macdonald

National rural property writer

Writing for farmers in the Stock & Land, The Land, Queensland Country Life, Stock Journal and FarmWeekly, farming in Gippsland.

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