Hi yellowcake and gerkin02,I would appreciate some info if you...

Hi yellowcake and gerkin02,

I would appreciate some info if you can.

When you mention a wave of foreclosures - there have been roughly 90+ mediated farm debt processes in NSW this year. Not bad given the series of droughts NSW farmers have sustained.

That compares with 1992 when there were roughly 450.

The interesting thing is that I understand that very few of this years debt mediations involved the big four banks or Rabo.


This is because following the losses and bad press the banks got in the '90's the banks (particularly NAB) moved to limit their farm lending to 40% debt to equity and 50% as a total stop in most cases giving plenty of time for quiet words in lenders ears and an orderly exit (or refinancing with ag lenders with less picky lending standards.)

What are you hearing over there. Is there any general feeling as to whom has been doing the lending in the cases where foreclosure is threatening?

Any feedback would be appreciated.

TIA.