Applicants would need to demonstrate "on-farm experience" and have a minimum deposit
Agriculture Minister David Littleproud says a re-elected Coalition government would act as the guarantor for 40 per cent of a commercial loan. "Existing landholders are ageing [and] the average broadacre farmer is 62 years old, with only 10 per cent aged under 47," Mr Littleproud said. David Littleproud says the applicants would have to meet criteria including being an attractive lending prospect for banks.
Source: News Formal (newsformal.com)
More liberal bias. Get your shit together ABC
Yay, buy a farm. Then you too can spend your life having your spirit crushed by the supermarket duopoly under the guise of ‘can-do capitalism’. Then see your land decimated by LNP protected fossil-fuel giants after they discover something of value to them under ground. Yay!
They need to look at foreign ownership first. Stop foreign companies buying our land. Forces up prices thus forcing young people out of the industry.
LNP buying rural votes again then back in wrecking mode if re elected
Yep that's gonna work well. All it will do is drive up property prices. Look at what happens with home buyers assistance schemes.
I do not access to a loan. I need access to the market, specifically infrastructure for my produce to reach the market. I need access to the markets Does smell like an election bribe - else they would have do this in the middle of the pandemic.