Farm Finance will provide an additional $5.9 million over the next two years to fund around 17 additional full-time rural financial counsellors in the areas they are needed most.
As part of the nation-wide Rural Financial Counselling Service (RFCS), rural financial counsellors provide free, impartial and confidential financial counselling to help farmers, fishers and agriculture-dependent small businesses in decision-making.
For updates and more information on visit the Rural Financial Counselling Service website or call 1800 686 175.
What can rural financial counsellors do?
Rural financial counsellors can:
- help clients identify financial and business options
- help clients negotiate with their lenders
- help clients develop an action plan
- help clients meet their mutual obligations under the Transitional Farm Family Payment
- provide clients information about government and other assistance schemes
- refer clients to accountants, agricultural advisors and educational services
- refer clients to the Department of Human Services and to other professionals for succession planning, family mediation and personal, emotional and social counselling.
Where will the additional counsellors be placed?
The additional counsellors will focus on regions and industries experiencing debt stress and where recent natural disasters have had a heavy impact on farm businesses.
These positions will be ‘mobile’, working in various locations over time, depending on where the need is greatest.
Am I eligible for rural financial counselling?
The RFCS provides free and confidential financial counselling services to farmers, pastoralists, fishers and small rural businesses who are experiencing financial hardship and have no alternative sources of impartial support.