The Western Australian Farmers Federation has called for immediate action to be taken in order to secure a future for struggling producers.
The voices of hundreds of farmers were heard in Merredin yesterday during the second agricultural ‘crisis’ meeting in recent weeks according to ABC News
The issues focused on included carry-on finance, crop mitigation insurance and the value of the Aussie dollar.
The Reserve Bank showed that farm debts have risen exponentially from $31 billion in 2003 to $66 billion last year.
Dale Park, President of the Federation said that financing constraints could have severe effects on grain growers, which could prevent up to 15 per cent of growers from planting a crop, while many other growers will not have sufficient funds to plant their standard amount.
Park stated that action needs to be taken as time will start running out as the new season approaches.
He believes that the hardest hit will be farmers who are attempting to trade their way out of debt.
“It’s going to affect the individuals a hell of a lot more than the whole industry.”